5 Top 5 Pakistani Banks
Banking in Pakistan has come a long way since independence in 1947. The past few years have seen particularly strong growth, with the number of banks increasing from 4 to 21 and branches growing from 862 to over 5,000. So which banks should you know about? Read on to find out.
UBL: United Bank Limited is one of the largest banks in Pakistan, with over 1,400 branches across the country. It offers a wide range of products and services including personal and corporate banking, investment banking, and Islamic banking. In recent years, UBL has won numerous awards for its outstanding performance, including being named the Best Pakistani Bank by Euromoney magazine in 2019.
HBL: Habib Bank Limited is Pakistan’s largest bank with over 2,000 branches nationwide. Founded in 1941, it is also one of the oldest banks in the country. HBL offers a comprehensive range of products and services including retail and corporate banking, agribusiness, treasury services, and Islamic banking. HBL was recently named the Best Retail Bank in Pakistan by The Asian Banker magazine.
MCB: Muslim Commercial Bank is one of Pakistan’s leading banks with around 1,300 branches across the country. It offers a wide range of products and services including personal and corporate banking, Islamic banking, treasury services, and SME financing. MCB was awarded the Best Corporate/Institutional Internet Bank in Pakistan by Global Finance magazine in 2018.
SCB: Standard Chartered Bank has been present in Pakistan since 1863 and today has around 100 branches across major cities such as Karachi, Lahore, Islamabad, and Peshawar. It offers a wide range of products and services for both individuals and businesses including credit cards, loans, deposits, treasury services, and trade finance. Standard Chartered was named the Best International Cash Management Bank in Pakistan by Euromoney magazine in 2019.
Bank Alfalah: Bank Alfalah is one of Pakistan’s fastest-growing banks with over 700 branches across the country. It offers a wide array of products and services for personal and corporate customers including deposits, loans, credit cards, foreign exchange, Islamic banking, and much more. Bank Alfalah was named the Best Digital Bank in Pakistan by The Asian Banker magazine in 2018.
Pakistan’s banking sector has come a long way since independence 70 years ago. Today there are 21 banks operating across the country with over 5,000 branches between them. With so many options available, it can be tricky to know which bank is right for you. This list provides an overview of 5 of the most popular banks in Pakistan so that you can make an informed decision about where to bank.