Askari Bank Limited – Ratings Affirmed

24 June 2026

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Askari Bank Limited (ABL or the Bank) at ‘C+’ and ‘C’, respectively. At the same time, CI Ratings has affirmed ABL’s Bank Standalone Rating (BSR) of ‘c’, Core Financial Strength (CFS) rating of ‘b’ and Extraordinary Support Level (ESL) of Uncertain. The Outlook for all ratings is Stable.

ABL’s LT FCR is constrained by CI’s internal assessment of sovereign credit risk for Pakistan. The ESL is assessed as being Uncertain. The capacity of the Bank’s majority shareholder, the Fauji Foundation Group, to provide financial assistance in the event of stress, is considered uncertain. This is also the case in regards to official support. ABL is not classified as a domestic systemically important bank by the State Bank of Pakistan (SBP).

ABL’s BSR of ‘c’ (CI…