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Banks play a vital role in economic development of a country. Apart from accumulation and saving of capital, they are important for development of various sectors and for expansion of services and market. In Pakistan banking is growing at a steady pace. Here we are providing you with the list of top 10 banks of Pakistan.
1 National Bank of Pakistan
NBP is a state owned bank providing both commercial and banking services, founded in 1949. The bank is running several development schemes including small finance for agriculture, business and industries, administrator to Qarz-e-Hasna loans to students, self-employment scheme for unemployed persons, public transport scheme. The bank is working under the slogan of “Your premier bank”.
2 Habib bank Limited
HBL is a privately owned bank, founded in Mumbai 1941. Having more than 14,000 employees countrywide, its headquarters is in Karachi. HBL owns a network of 1500 branches in Pakistan and 55 branches across the world. HBL was founded on the request of Founder of Nation Muhammad Ali Jinnah to help Indian Muslims.
3 United Bank Limited
Having more than 1320 online branches in Pakistan and 15 outside the country, UBL was formed in 1959. This bank has currently more than 15,000 employees and is operating under the slogan of “where you come first”.
4 MCB Bank Limited
Formed in 1947. this bank is currently owned by Nishat Group, under the supervision of famous industrialist Mian Muhammad Mansha. The bank has nationwide distribution network of 1,190 branches, including 22 Islamic banking branches within Pakistan and eight branches outside the country.
5 Faysal Bank
FBL is a public limited bank and its footprint now spreads over more than 260 branches in over 70 cities. It organize and sponsor two major domestic cricket tournaments in the country ” Faysal Bank T20 Cup” and “Faysal Bank Super Eight T20 Cup”.
6 Bank Alfalah
Bank Alfalah Limited, formed in 1997 is a private bank in Pakistan owned by the Abu Dhabi Group. Bank Alfalah is the 6th largest bank of Pakistan with 648 branches in Pakistan and abroad.
7 Standard Chatered Bank
Standard Chatered Bank is Pakistan’s oldest and largest foreign commercial bank, founded in 1863 under the slogan of “Your Spirit Our Strength”. It employs over 9000 people in its 162 branches in Pakistan.
8 Meezan Bank
Meezan Bank is the first and largest Islamic commercial Bank of Pakistan, founded in 1997. The Bank offers wide range of banking products and services to its customers based on Islamic principles.
9 Bank Al-Habib
The Bank AL-Habib Limited is run by the Dawood Habib family group of companies in Pakistan. It dates back to 1930’s. Presently, the bank has a network of 505 branches.
10 Soneri Bank
Soneri Bank started its operation in year 1992, and currently it has 260 branches nationwide.