Top Banks in Pakistan

An overview of Pakistan's leading financial institutions

Overview of Banks in Pakistan

The State Bank of Pakistan (SBP) is the country’s central bank. It was incorporated under the State Bank of Pakistan Act, 1956. The central bank is responsible for regulating liquidity and ensuring the soundness of the country’s financial system. Banks in Pakistan fall under the supervision of the SBP.


Top Banks in Pakistan


The different types of banks in Pakistan include:

  • Commercial banks
  • Exchange banks
  • Industrial banks

Moody’s rates Pakistan’s banking system as stable, due to rapid economic growth and stable funding from high liquidity levels and customer deposits. However, domestic banks face challenges from their substantial low-rated Pakistan government bond holdings, as well as high asset risks and modest capital levels, according to the rating agency.

For anyone considering a banking career in Pakistan, this list of top banks in Pakistan is a helpful guide on where to start. To learn more, see our lists of financial institutions.


The top banks in Pakistan are:


National Bank of Pakistan

Founded in 1949, the National Bank of Pakistan (NBP) is an independent organization and is headquartered in Karachi, Pakistan. It has operations focused on consumer banking, corporate banking, investment banking, and offers loans and savings services.

As of March 2017, the bank operates through 1,450 branches in Pakistan. In 2017, the firm had assets of $17 billion USD and a net profit of $160 million USD.


Bank Alfalah

Headquartered in Karachi, Bank Alfalah is a private bank owned by Abu Dhabi Group. Founded in 1992, the bank commenced banking operations in 1997. It provides banking and financial services to consumers, corporations, institutions, and governments in Pakistan, the Asia Pacific region, and the Middle East. It operates through Retail Banking, Corporate Banking, Treasury, Consumer Banking, Islamic Banking, International Operations, Retail Brokerage, Asset Management, and Others segments.

As of December 31, 2016, the bank operated 475 conventional banking branches, including 18 sub-branches, 10 overseas branches, 153 Islamic banking branches, and an offshore banking unit.

As of 2016, the bank’s total assets amounted to US$8.29 billion and net profit reached US$71.42 million.


Standard Chartered

Founded in 2006, Standard Chartered Pakistan operates as a wholly-owned subsidiary of UK-based Standard Chartered Bank. The bank comprises Corporate and Institutional Banking, Commercial Banking, Retail Banking, and Central & Other Items segments.

As of December 31, 2016, the bank managed a network of 101 branches in Pakistan. In the same period, it reported total assets of US$4.2 billion and a net profit of US$87 million.


Habib Bank

Based out of Karachi, Habib Bank was established in 1941. It operates through Branch Banking, Corporate Banking, Treasury, and International Banking segments. With around 17,000 employees, it manages a network of 1,677 branches, including 45 Islamic banking branches in Pakistan, as well as 54 branches in other countries.

As of 2016, the bank’s total assets were US$24 billion and net loss was US$129 million.


United Bank Limited

Established in 1959, United Bank Limited is one of the largest privately-owned banks in Pakistan. It is headquartered in Karachi City and employs around 15,000 people.

The bank operates through a network of approximately 1,341 branches in Pakistan, including 47 Islamic banking branches and two branches in the Karachi Export Processing Zone, as well as 18 branches internationally.

As of 2016, the bank’s assets totaled US$14.26 billion and net profit amounted to US$251 million.


Meezan Bank

Founded in 1997, Meezan Bank offers Islamic services as one of the commercial banks in Pakistan. It operates through Corporate Finance, Trading and Sales, Retail Banking, Corporate and Commercial Banking, Agency Services, and Payment and Settlement segments. The Karachi City-based bank employs around 9,000 employees and oversees 571 branches in 146 cities in Pakistan.

In 2016, Meezan Bank posted total assets of US$5.94 billion and a net profit of US$50 million.


Allied Bank

Allied Bank was established in 1942. The bank’s operations comprise Corporate and Investment Banking, Trading and Sales (Treasury), Commercial, and Retail Banking segments. Based out of Lahore, its workforce numbers around 4,000.

The bank operates 1,148 branches in Pakistan, including 77 Islamic banking branches, one branch in the Karachi Export Processing Zone, and a wholesale banking branch in Bahrain, as well as 1,150 ATMs.

As of 2016, the total assets of the bank were US$9.67 billion and net profit was US$130.18 million.


Askari Bank

Headquartered in Rawalpindi, Askari Bank serves individuals and corporate customers primarily in Pakistan and the Middle East. It operates through Corporate Finance, Trading and Sales, Retail Banking, Commercial Banking, Payment and Settlement, Agency Services, Retail Brokerage, and Asset Management segments. Incorporated in 1991, the bank currently employs around 554 staff.

As of 2016, the bank’s total assets amounted to US$5.6 billion and net profit reached US$47 million.


MCB Bank

Established in 1947, MCB Bank offers commercial banking and related products and services in Pakistan, South Asia, the Middle East, and Eurasia. With around 14,000 employees, it is based out of Lahore City.

In 2016, the bank reported total assets of US$9.51 billion and a net profit of US$19.8 million.


Faysal Bank

Founded in 1994, Faysal Bank provides a range of financial services in Pakistan. The bank operates through four segments: Corporate Finance, Trading and Sales, Retail Banking, and Corporate and Commercial Banking. Based out of Karachi, the bank manages 350 branches in approximately 100 cities and employs around 3,600 individuals.

As of 2016, the bank’s total assets were US$4.02 billion and net profit was US$38.89 million.

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Additional resources

This has been CFI’s guide to the top banks in Pakistan. For anyone looking for a career in banking, this list is a great place to start your networking. Please also see these additional resources:

  • Top banks in Hong Kong
  • Top 100 investment banks
  • Investment banking interview questions
  • Bulge Bracket Banks
  • Investment Banking Certification

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