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.
The different types of banks in Pakistan include:
- Commercial banks
- Exchange banks
- Industrial banks
In January 2021, Moody’s Investors Service noted that their stable outlook for Pakistan’s banking system reflects banks’ solid funding and liquidity, although a challenging – but improving – operating environment will weigh on asset quality and profitability.
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 focuses on consumer banking, corporate banking, investment banking, and offers loans and savings services. As of December 31, 2020, the bank operates through 1,509 branches in Pakistan.
Net income: PKR 30.49 billion (2020)
Total assets: PKR 3.35 trillion (3/2021)
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, 2020, the bank operated 719 conventional banking branches, including 18 sub-branches, 11 overseas branches, 187 Islamic banking branches, and an offshore banking unit.
Net income: PKR 10.83 billion (2020)
Total assets: PKR 1.39 trillion (3/2021)
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, 2020, the bank managed a network of 47 branches in ten cities in Pakistan.
Net income: PKR 13.13 billion (2020)
Total assets: PKR 757.03 billion (3/2021)
Based out of Karachi, Habib Bank was established in 1941. It operates through Branch Banking, Corporate Banking, Treasury, and International Banking segments. With around 21,000 employees, the bank manages a network of 1,659 branches, including 45 Islamic banking branches in Pakistan, as well as 38 branches in other countries.
Net income: PKR 30.89 billion (2020)
Total assets: PKR 3.54 trillion (3/2021)
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 12,000 people.
The bank operates through a network of approximately 1,370 branches in Pakistan, including 100 Islamic banking branches and two branches in the Karachi Export Processing Zone, as well as 14 branches internationally.
Net income: PKR 20.94 billion (2020)
Total assets: PKR 2.33 trillion (3/2021)
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 10,200 employees and oversees 815 branches in 146 cities in Pakistan.
Net income: PKR 22.40 billion (2020)
Total assets: PKR 1.55 trillion (3/2021)
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 11,500.
The bank operates 1,400 branches in Pakistan, including 117 Islamic banking branches, one branch in the Karachi Export Processing Zone, and a wholesale banking branch in Bahrain, as well as 1,558 ATMs.
Net income: PKR 18.38 billion (2020)
Total assets: PKR 1.73 trillion (3/2021)
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 7,013 staff and operates 537 branches.
Net income: PKR 10.85 billion (2020)
Total assets: PKR 1.00 trillion (3/2021)
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. It operates approximately 1,400 branches and 1,400 ATMs in Pakistan, and 11 branches internationally.
Net income: PKR 29.80 billion (2020)
Total assets: PKR 1.91 trillion (3/2021)
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 414 branches in approximately 100 cities and employs around 6,800 individuals.
Net income: PKR 6.68 billion (2020)
Total assets: PKR 710.06 billion (2020)
Careers in Investment Banking
To break into investment banking, there are several important things to focus on. These include networking, resume, experience, and financial modeling skills. To learn more, explore our interactive career map: For banking careers, you will gain a significant edge over the competition with our financial modeling courses.
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: