The banking sector has witnessed remarkable growth over the past few decades, emerging as a crucial necessity for individuals worldwide. Banks not only assist people in saving their money but also provide opportunities for its growth over time. Furthermore, banking instills a sense of security and certainty among individuals. Undoubtedly, the banking industry plays a pivotal role in the economy, as evidenced by the vast number of banks operating globally. In Pakistan, the banking industry comprises 31 banks, including 5 public sector banks, 22 private banks, and 4 foreign banks.
Pakistani banks are renowned for their excellent customer service and extensive networks that span across the nation, ensuring convenient access to a wide array of banking products and services. Moreover, the top banks in Pakistan demonstrate robust financial stability ratings, indicating their resilience and preparedness to navigate economic downturns. Please note that this list is based on 7th banking awards by the Institute of Bankers Pakistan and my personal interactions we these banks
Now, let’s delve into some of the leading banks in Pakistan and explore their distinguishing features:
List of Top 10 Banks in Pakistan
Habib Bank Limited (HBL):
- Ceo of HBL: Muhammad Aurangzeb
- No of Branches of HBL: 1,754 branches and 2,281 ATMs globally
- Total Assets of HBL: Rs. 4286 billion (US$15 billion) – (2021)
- Website:
Habib Bank Limited (HBL) stands as a Pakistani multinational bank, headquartered in Karachi. With over 1,700 branches across Pakistan and more than 24,000 employees, it is one of the largest banks in the country. HBL, founded in 1939 by the Habib family, holds the distinction of being Pakistan’s first commercial bank. Over the years, HBL has achieved significant milestones, such as opening its first international branch in Colombo, Sri Lanka, in 1951, and relocating its headquarters to the iconic Habib Bank Plaza in Karachi, which was once the tallest building in South Asia. Notably, HBL became the first Pakistani bank to establish a branch in Beijing, China. HBL’s operations encompass various sectors, including branch banking, corporate and investment banking, treasury services, SME and rural banking, financial institutions and global trade services, transaction banking, and Islamic banking. The bank boasts a substantial branch network, a large customer base, and a robust presence across multiple continents.
Meezan Bank Limited:
- Ceo of HBL: Irfan Siddiqui
- No of Branches of HBL: 890 branches
- Total Assets of HBL: Rs 2.5 trillion
- Website:
Meezan Bank holds the distinction of being the first Islamic bank in Pakistan. As a publicly listed company, Meezan Bank operates with a paid-up capital of Rs. 16.26 billion. Since its establishment in 2002, after being granted the first-ever Islamic commercial banking license by the State Bank of Pakistan, Meezan Bank has rapidly expanded its presence in the banking sector. The bank’s headquarters, known as Meezan House, is situated in Karachi, and it commands a significant 35% market share in Pakistan’s Islamic banking industry. Meezan Bank provides a comprehensive range of Shariah-compliant banking products and services through its extensive retail banking network of over 900 branches spread across more than 250 cities in the country. Additionally, the bank offers 24/7 banking services, including ATMs, debit cards, a call center, internet banking, mobile applications, SMS banking, all supported by a cutting-edge T-24 core banking system. To ensure the adherence of its products and services to Shariah principles, Meezan Bank has dedicated departments for product development and Shariah compliance.
MCB Bank Limited:
- Ceo of HBL: Shoaib Mumtaz
- No of Branches of HBL: over 1,400 Branches and over 1,450 ATMs
- Total Assets of HBL: US$8.3 billion, 2021
- Website:
MCB Bank Limited is a prominent Pakistani commercial bank, catering to the banking and financial needs of retail and corporate customers. The bank boasts a network of 1,600 branches located throughout the country, with its headquarters based in Lahore. MCB Bank has a rich history of serving the business sector in South Asia. Initially taken over by the government in 1974, it became the first bank in Pakistan to be privatized in 1991. MCB Bank has extended its services to include Islamic banking, with specialized branches dedicated to Shariah-compliant products and services. The bank’s offerings span deposit accounts, consumer loans, investment services, remittance facilities, and more. MCB Bank has received numerous accolades for its exceptional customer service, innovative banking solutions, and consistent financial performance.
National Bank of Pakistan:
- Ceo of HBL: Rehmat Ali Hasnie
- No of Branches of HBL: 1512 Online Branches
- Total Assets of HBL: US$28 billion, 2021
- Website:
The National Bank of Pakistan (NBP) operates as a commercial bank and is owned by the Pakistani government. It serves as a subsidiary of the State Bank of Pakistan, the country’s central bank. With approximately 1,511 branches and substantial assets, NBP stands as one of the largest banks in Pakistan. Established in 1949, the bank has played a significant role in the country’s economic development. NBP provides a wide range of commercial and public sector banking services, including debt-equity market services, corporate investment banking, retail and consumer banking, agricultural financing, and treasury services. The bank is actively involved in various government initiatives, such as the Prime Minister’s Youth Business Loan Scheme and the Prime Minister’s Kamyab Jawan Program, which aim to promote entrepreneurship and financial inclusion in the country.
United Bank Limited (UBL):
- Ceo of HBL: Shazad Dada
- No of Branches of HBL: 1,390 branches nationwide
- Total Assets of HBL: US$11 billion, 2021
- Website:
United Bank Limited (UBL) is a prominent multinational commercial bank in Pakistan. With a substantial presence both domestically and internationally, UBL operates over 1,400 branches across Pakistan and 19 branches overseas, serving millions of customers. UBL’s international presence extends to the United States, Qatar, the United Arab Emirates, Bahrain, and Yemen. The bank offers comprehensive banking services, including wholesale and retail banking, with a particular focus on branchless banking through its UBL Omni platform. The UBL Omni platform enables customers to conduct financial transactions using mobile devices, providing convenience and accessibility. UBL has received recognition for its expertise in corporate finance, capital market development, and international operations.
Allied Bank Limited (ABL):
- Ceo of HBL: Aizid Razzaq Gill
- No of Branches of HBL: over 1425 online branches & 1500+ ATMs
- Total Assets of HBL: Rs. 2,251 billion (2021
- Website:
Allied Bank Limited (ABL) is one of the largest commercial banks in Pakistan, offering a comprehensive range of banking services. Established in 1942, ABL has a vast network of branches spread across the country, providing convenient access to customers. The bank provides a wide array of products and services, including consumer banking, corporate banking, investment banking, treasury operations, and Islamic banking. ABL has a strong focus on digital banking solutions, offering Internet banking, mobile banking, and other electronic payment options to enhance customer convenience. The bank’s commitment to customer satisfaction and its robust financial performance has contributed to its strong market presence.
Bank Alfalah:
- Ceo of HBL: Atif Bajwa
- No of Branches of HBL: over 850 branches
- Total Assets of HBL: US$7.4 billion, 2021
- Website:
Bank Alfalah is a prominent Pakistani bank, known for its diverse portfolio of products and services catering to retail, corporate, and Islamic banking customers. The bank was established in 1997 and has rapidly expanded its operations, becoming one of the largest private banks in Pakistan. Bank Alfalah offers a wide range of financial solutions, including deposit accounts, loans, credit cards, wealth management services, and trade finance facilities. The bank has a strong focus on technology-driven banking, providing innovative digital banking solutions such as online banking, mobile banking, and a user-friendly mobile application. Bank Alfalah has received several accolades for its customer-centric approach and commitment to excellence.
Standard Chartered Bank Pakistan: Standard Chartered Bank Pakistan is a subsidiary of the global banking giant Standard Chartered. The bank has a long history in Pakistan, dating back to 1863. With a presence in major cities across the country, Standard Chartered Bank offers a comprehensive range of banking services, including personal banking, business banking, corporate banking, and Islamic banking. The bank is known for its international expertise and strong connections with global markets, enabling it to provide tailored solutions to its customers. Standard Chartered Bank Pakistan has a strong commitment to sustainability and social responsibility, actively supporting various community development initiatives.
Faysal Bank Limited:
- Ceo of HBL: Mr. Yousaf Hussain
- No of Branches of HBL: 550 plus branches
- Total Assets of HBL: Rs. 1.1 trillion
- Website:
Faysal Bank Limited is a prominent Pakistani bank that offers a wide range of financial products and services. Established in 1994, the bank has grown rapidly, expanding its branch network and customer base. Faysal Bank provides retail banking, corporate banking, and Islamic banking solutions. The bank focuses on innovation and technology, offering convenient digital banking channels such as online banking and a mobile application. Faysal Bank has received recognition for its commitment to customer satisfaction, ethical practices, and corporate social responsibility.
Bank of Punjab (BOP):
- Ceo of HBL: Zafar Masud
- No of Branches of HBL: over 587 branches
- Total Assets of HBL: US$420 million, 2021
- Website:
Bank of Punjab (BOP) is a leading commercial bank in Pakistan with a strong presence in the Punjab province. Established in 1989, BOP has emerged as a key player in the banking industry, offering a comprehensive range of financial products and services. The bank serves retail, corporate, and commercial customers through its extensive branch network across the country.
Bank of Punjab provides various banking solutions, including deposit accounts, loans, trade finance, treasury services, and Islamic banking products. The bank has made significant investments in technology to enhance customer experience and offers digital banking services such as online banking, mobile banking, and ATM facilities.
With a customer-centric approach, the Bank of Punjab focuses on building strong relationships with its clients and delivering personalized services. The bank is committed to promoting financial inclusion and plays an active role in supporting economic growth and development in Pakistan, particularly in the Punjab region.
Final Thoughts on Best Banks in Pakistan
These banks represent a small selection of the leading banks in Pakistan. Each institution caters to a diverse range of customer needs, deploying cutting-edge technology, fostering financial inclusion, and providing top-notch customer service. The banking industry in Pakistan continues to evolve, driven by innovation, technological advancements, and a growing emphasis on Islamic banking principles across many institutions.
