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Askari Bank was incorporated in Pakistan on October 9, 1991, as a public limited company. It commenced operations on April 1, 1992, and is principally engaged in the business of banking, as defined in the Banking Companies Ordinance, 1962. The Bank is listed on Karachi, Lahore and Islamabad Stock Exchanges. Askari Bank has expanded into a network of 200 branches / sub branches, including 20 dedicated Islamic banking branches, and a wholesale bank branch in Bahrain. A shared network of 2,991online ATMs covering all major cities in Pakistan supports the delivery channels for customer service. As at December 31, 2008, the Bank had equity of Rs. 12.97 billion and total assets of Rs. 206.19 billion, with 816,629 banking customers, serviced by 6,496 employees. Askari Investment Management Limited and Askari Securities Limited are subsidiaries of Askari Bank engaged in managing mutual funds and shares brokerage, respectively.
Vision:
To be the Bank of First Choice in the Region
Mission
To be the leading private sector bank in Pakistan with an international presence, delivering quality service through innovative technology and effective human resource management in a modern and progressive organizational culture of meritocracy, maintaining high ethical and professional standards, while providing enhanced value to all our stakeholders, and contributing to society.
Rebranding:
Askari rebranded itself in June 2007. Askari banks performance had been remarkable. With the growing competition and changing environment, it became inevitable to change the brand and launch a new corporate identity with an objective to project the banks image in a more effective and impressive way on the national and international horizons.
The Name:
To cope with the market dynamics, the management and board of directors of Askari Bank decided to change the name of the bank from Askari Commercial Bank Limited to simply Askari Bank Limited. This was for multiple reasons - firstly, the bank was generally referred to as "Askari Bank". Secondly, in the current scenario, the word "commercial" has become redundant since all banks are commercial banks. The change of name presented an excellent opportunity for a fresh new look for the bank, which would be a reflection of the bank's desire to continue to evolve with and adapt to the changing environment and dynamic consumer needs.
The Logo:
Previous logo
New Logo
The typeface used for the banks logo is simple yet elegant. Without being overly stylish, it makes a solid statement about the bank, its approach to business while maintaining the most critical aspect of any logos design, readability. This signifies ability of any text to be readable and recognizable at first glance. The new askaribank logo is distinctive and can be recognized instantly on sight. The use of all lower case letters and the use of askari and bank as one word gives the logo a unique identity, enabling it to stand out from the crowd. The last two colors, orange and yellow, are used in a combination which is representative of a rising sun. The colours themselves, aside from the positive connotations of a rising sun, carry the joint properties of sunlight, joy, happiness, hope, wealth, energy and enthusiasm. The stylized 3D icon represents a positive link between the past, present and future of the bank.
power, sophistication and wealth. However, by being grey and not black, it avoids the connotations of death, fear, etc. The last two colours, orange and yellow, are used in a combination which is representative of a rising sun. The colours themselves, aside from the positive connotations of a rising sun, carry the joint properties of sunlight, joy, happiness, hope, wealth, energy, enthusiasm.
Slogan:
The Previous slogan reflected the trust that people had in the name of Askari. It was The security bank- A name to trust
The new slogan of Askari Bank reflects the customer service philosophy were Askari Bank, ask us!
Positioning:
Askari Bank positions itself among the leading banks of Pakistan. It sponsors a number of events which shows that Askari wants to position itself as a premium bank of a Pakistan.
Sponsorships:
Askari bank has demonstrated a leading role in supporting a large number of important activities and significant events. Major activities in which the Bank participated as a key sponsor during 2007 were: Sports: Pakistan Open Golf Championship 2007 (Asian Tour). 70th Punjab Games 2007. 1st Tour of Islamabad Cycle Race 2007. South Asia Swimming and Water Polo Championships 2007. Askari Bank ITF Pakistan International Futures Tennis Tournament & 2nd Pakistan - India Tennis Series 2007. The Asia Central Zone Volleyball Championship 2007 (India - Pakistan Test Series). Askari Bank Presidents Cup Golf Tournament 2007. Polo Team representing Askari Bank in
the President of Turkey Polo Cup 2007. Pakistani teams training for World Games in China 2007. All Pakistan Golf Tournament 2007.
Similarly there is a long list of events which were sponsored by Askari Bank in the categories of social events, educational events and environmental campaigns.