Banks plays a vital role in developing the country economy, on 14 August 1947 Pakistan come into existence and Pakistani economy was poor but now Pakistan is on way to progress. Currently, Pakistan economy is on 25th if we talk about purchasing power parity and if we discuss nominal gross domestic product it is on the 43rd number in the world. Pakistan has a population above 190 million and Pakistan is a nuclear power country. Currently, World top economist and world bank itself predict that Pakistani economy will boost 5.4%, IMF chief Christine Lagarde Confirmed that Pakistan economy is ”out of crisis” now. When we talk about Banks In Pakistan, top ten banks contain Government as well as privates banks. We have provided you a useful list of Top Ten Banks In Pakistan with detail.
Top Ten Banks In Pakistan
Habib Bank Limited Pakistan (HBL)
Habib Bank Limited Pakistan is top on the list when we talk about top ten banks in Pakistan, it is Karachi based bank and it is the largest bank in Pakistan, It is Multinational Bank. it has branches in Sri Lanka and other countries. It is owned by Habib Family. Before Pakistan independence, Quid_E_Azam who are Pakistan’s founding father persuades Habib family to establish a bank for Muslims in India. His efforts resulted in the creation of Habib Bank in 1941, Head office was in Bombay. After Independence Habib Bank Limited moved their office to Karachi. HBL currently sponsored Pakistan superior league.
HBL is currently number one Bank in Pakistan it has Revenue of ₨114.75 billion, Net income of ₨35.1 billion, Total assets of ₨2.20 trillion and 14000+ employees is working in Habib Bank Limited. For more information click Here.
National Bank of Pakistan
It was established in 1949. It is owned By Government of Pakistan, Saeed Ahmad is the president. The bank provides commercial and public sector banking. National bank of Pakistan supports agricultural financing because it is a government bank, and the government has always some policy to promote agricultural and farmers in Pakistan. its revenue is ₨114.40 billion (US$1.1 billion), Net income is ₨22.75 billion (US$220 million) and National Bank of Pakistan position second in top ten banks in Pakistan. For more information click Here.
United Bank (Pakistan)
It was founded on 7 November 1959 by Agha Hasan Abedi, Headquarter in Karachi, Pakistan. In the maiden Pakistan Banking Awards, Which was held in Karachi on May 2016, UBL was crowned as the Best Bank of Pakistan by the jury of maiden Pakistan Banking. United bank has 1,320 branches in Pakistan and 15 branches outside the country. 15000+ employees are working in United Bank of Pakistan. United Bank has Estimated Revenue of ₨ 77.83 billion (US$740 million), Estimated Net income of ₨25.73 billion (US$250 million) and total assets is ₨1.44 trillion (US$14 billion). it has position 3rd in top ten banks in Pakistan. For more information click Here.
MCB Bank Limited
It was founded in 1947 by Adamjee Group. MCB is a new name the previous name was Manjoo Co-operative Bank. MCB Bank Limited is a private bank, Second largest bank by assets having an asset base of US$7 billion as at quarter 1, 2012. The bank has established an Islamic Banking system to offer Shariah-compliant services. Husnain Ijaz is the chairman of MCB Bank. Estimated Revenue is ₨66.43 billion (US$630 million), Estimated Net income is ₨25.55 billion (US$240 million). It is on 4th position in top ten banks is Pakistan. For more information click Here.
Bank Alfalah is a private bank, Founded on June 21, 1997, Headquarter in Karachi, Pakistan. H.H. Sheikh Hamdan Bin Mubarak Al Nahayan is the chairman of this bank. Bank Alfalah is a public limited company under the Companies Ordinance 1984. Bank Alfalah has also branches outside the Pakistan like Bangladesh, Afghanistan and in Bahrain. Estimated revenue is PKR 55.378 billion, Estimated Net Income is PKR 8.513 billion and more than 7800 employees is working in Bank Alfalah. It is on 5th position in top ten banks is Pakistan. For more information click Here.
Standard Chartered Pakistan
It is private bank founded in 2006, But it has the history in past when standard charted bank of India, Australia, and china first established its operations in Karachi in 1863. it has 162 branches in Pakistan, it considered the oldest bank of Pakistan. Union bank has been also acquired by standard charted bank of Pakistan in 2006. it is Pakistan’s sixth largest bank and in our list, It is on 6th position in top ten banks is Pakistan. For more information click Here.
Meezan bank is first Islamic commercial Bank of Pakistan and it is the largest bank in Islamic commercial Banking. It was founded in 1997 and headquarter in Karachi. More than 8500 employees are working in Meezan Bank. its estimated revenue is ₨22.25 billion (US$210 million), Net income is ₨5.02 billion (US$48 million) and total assets is ₨531.8 billion (US$5.1 billion). It is on 7th position in top ten banks is Pakistan. For more information click Here.
Bank Al Habib
Dawood Habib family group of companies Founded Bank Al Habib in 1991. Bank Al Habib was first to be granted permission for a private banking. It has two headquarter in Multan and in Karachi. It has 505 Branches in Pakistan. More than 9500 employees are working in Bank Al Habib. It is on 8th position in top ten banks is Pakistan. For more information click Here.
Faysal Bank Limited was incorporated in Pakistan on October 3, 1994, it is based on Pakistan, it was set up as public limited company. It has estimated 280 branches all over Pakistan and more than 3600 employees are working in it. The bank has estimated net income of PKR 15,371 million. It is on 9th position in top ten banks is Pakistan. It is on 9th position in top ten banks is Pakistan. For more information click Here.
It was founded in 1982, headquarter in Karachi. it has 260 branches in Pakistan. Mr. Mohammad Aftab Manzoor is the CEO and President of Soneri Bank. Soneri bank also support online banking. It is on last position in top ten banks is Pakistan. For more information click Here.
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Source: Public opinion and Some information from Wikipedia.