Banks in Pakistan

Article byWallstreetmojo Team
Edited byAshish Kumar Srivastav
Reviewed byDheeraj Vaidya, CFA, FRM


Pakistan Banking Sector comprises Commercial Banks, Foreign Banks, Islamic Banks, Development Financial Institutions and Microfinance Banks. The Industry constitutes around 31 banks, of which five are public sector banks, 22 are private banks, and 4 are foreign banks.

Banks in Pakistan

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State Bank of Pakistan (SBP) is the Central Bank of Pakistan. It is responsible for regulating the monetary and credit system of the country and is instrumental in securing monetary stability and reasonable utilization of the country’s productive resources. As of 2020, total assets in the Banking Sector stood at $ 159.50 billion. It functions through its three fully owned subsidiaries, namely:

Structure of Banks in Pakistan

Banks in Pakistan are categorized as below:

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List of Top 6 Banks in Pakistan

  1. Habib Bank Limited (HBL)
  2. National Bank of Pakistan
  3. Meezan Bank
  4. Bank Alfalah
  5. MCB Bank
  6. United Bank Limited

Let’s see each one of them in detail:

#1. Habib Bank Limited (HBL):

In 1941, Habib Bank Limited was the largest Bank by assets in Pakistan. It operates through its wide network of 1751 branches and 2007 ATMs and provides services in the areas of Branch Banking, Corporate Banking, Retail Financing, SME, and Investment Banking services. It is headquartered in the capital of Pakistan, i.e., Karachi. The Bank has branches in various countries, including Europe, Australia, the Middle East, America, Asia, and Africa. The shares of the Bank are listed on the Karachi Stock Exchange.

#2. National Bank of Pakistan:

Founded in 1949 and is the largest state-owned bank operating in Pakistan. It has an extensive branch network of over 1509 branches in Pakistan, a global presence in 11 countries, and representative offices in China and Canada. The Bank acts as a trustee of public funds and agents to the SBP. It is headquartered in Karachi. It provides commercial and public sector banking services and is a leading player in the debt-equity market, investment banking, agriculture financing, retail financing, and treasury services. The Bank is majorly owned by the State Bank of Pakistan, which holds 75.20 percent voting rights as per the shareholding pattern as of Dec 2017 and

#3. Meezan Bank:

Meezan Bank is Pakistan’s first and largest Islamic Bank which commenced its operations in 2002 after being issued the first-ever Islamic Commercial Banking license by the State Bank of Pakistan. It operates under the principle of Islamic Shariah and is recognized for its product development capability, Islamic Banking research, and advisory services. It provides a wide range of Islamic banking products and services through its wide retail branch network of more than 815 branches across Pakistan. The Bank has been conferred with major recognition from various local and international institutions as the Best Islamic Banks in Pakistan. As of Dec 2017, the Bank has a healthy Capital Adequacy ratioCapital Adequacy RatioThe capital adequacy ratio measures the bank's financial ability to pay off its obligations. The capital-to-risk weighted assets ratio (CRAR) is evaluated as the percentage of the bank's capital to its risk-weighted assets. Bank's capital is the aggregate of tier 1 and tier 2 more of 12.89 percent. It is headquartered in Meezan House, Karachi, Pakistan.

#4. Bank Alfalah:

Bank Alfalah is the fifth largest private Bank of Pakistan and commenced banking operation from 1st November 1997. It operates with more than 719 branches across Pakistan and has an international presence in Afghanistan, Bangladesh, Bahrain, and a representative office in UAE. The Bank is owned and operated by the Abu Dhabi Group. It provides financial solutions to retail consumers, corporations, institutions, and governments through its wide array of products and services. Strengthened with the banking of the Abu Dhabi group and driven by the strategic goals set out by its board of management, the Bank has invested in revolutionary technology to offer an extensive range of products and services. The Bank is headquartered in Karachi, Pakistan.

#5. MCB Bank:

MCB Bank Limited is one of the oldest and top banks in Pakistan. Founded in 1947 and was nationalized in 1974 as part of the Government of Pakistan’s economic reform movement and was later privatized in 1991. The Bank has been conferred with the prestigious Euromoney Award for Best Investment Banks in Pakistan for two years (2016 and 2017). It provides commercial banking and related products and services in Pakistan, South Asia, the Middle East, and Eurasia. The Bank has a customer base of approximately 4 million and total assets of around PKR 1.91 trillion in 2021 and operates through a wide branch network of more than 1400 branches. The Bank is headquartered in Lahore, Pakistan.

#6. United Bank Limited:

Founded in 1959, United Bank is one of the oldest and largest commercial banks in the private sectorPrivate SectorThe private sector is a section of the national economy that the government does not own. The business conducted under this sector is carried out by companies or entrepreneurs who focus on profit maximization and customer more in Pakistan. It operates through a wide network of more than 1390 branches across Pakistan and has an overseas presence in more than 19 countries. The Bank is engaged in commercial banking and related services headquartered in Karachi, Pakistan. The Bank boasts of a strong financial profile and consistent profitabilityProfitabilityProfitability refers to a company's ability to generate revenue and maximize profit above its expenditure and operational costs. It is measured using specific ratios such as gross profit margin, EBITDA, and net profit margin. It aids investors in analyzing the company's more record and specializes in Retail Banking, Corporate Banking, Investment Banking, Treasury Services, etc. The Bank’s shares are listed on all three stock exchanges of Pakistan, and its Global depository receipts (GDR)Global Depository Receipts (GDR)Global Depository Receipt is a receipt in which a security certificate is issued by financial intermediaries such as a depository bank, which purchases foreign securities, creates a bank certificate consisting of such shares, and then sells them on the stock more are listed on London Stock Exchange. The Bank employs more than 10000 people and is committed to providing the best banking experience to its clients.

This has been a guide to Top Banks in Pakistan. Here we discuss the market overview of Banks along with their structure. If you wish to make a career in Banking, then do have a look at these articles below –

Reader Interactions


  1. Fayaz Ahmed Khokhar says

    AOA , very good. impressed

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