 | |
| Company type | Government-owned |
|---|---|
| Industry | |
| Founded | 2005 |
| Headquarters | Muzaffarabad, Azad Kashmir |
Key people | Mr. Shahid Shahzad Mir [1] President & CEO |
| Products | Bank Loans, credit cards, savings accounts, consumer banking etc. |
| Total assets |  Rs. 28.4 billion (US$98 million)
[2]
Q3 FY22 |
| Website |
bankajk |
Bank of Azad Jammu & Kashmir is the state-owned bank of Government of Azad Kashmir which is based in Muzaffarabad, Azad Kashmir. [3] [4] It was founded in 2005. [4] [5]
BAJK is a fast growing commercial bank operating across the state of Azad Jammu & Kashmir with a network of 84 branches. [6] The Bank is a wholly owned corporate entity of the Govt. of Azad Jammu & Kashmir mandated to mobilize private savings and public funds for diverting them to productive channels; promote industrial, agriculture, rural micro financing and other socio economic activities through active participation of private and public sectors and help under-developed areas, create employment opportunities and to assist overseas Kashmiris to effectively and profitably invest their savings in the State. The bank has a number of liability and assets products customised to fulfils the banking needs of people. The Bank believes that equal access to resources in the economy is smart economics and a powerful means of poverty reduction and a path to faster socio economic development. That is why the Bank has launched an innovative scheme of microfinance for those who have limited or no access to financial resources. [7]
Record high assets
The total assets value of the bank reached the highest level Rs. 28.4 billion (US$98 million) in the first six months of the 2022 calendar year, hence setting a record in the institutions 15-year history. [2]
See also
References
- ^ "'Bank of Azad Jammu & Kashmir Management'".
- ^ a b "AJK bank assets' value swells to 15-year high". 29 September 2022.
- ^ "AJK bank seeks scheduled status - The Express Tribune". 21 February 2016.
- ^ a b "About Us". Archived from the original on 2017-05-27. Retrieved 2017-05-22.
- ^ "'All stakeholders must patronise AJK bank' - The Express Tribune". 29 September 2012.
- ^ "Branch network". bankajk.com. Bank of AJK.
- ^ "Bank of AJK". bankajk.com. Retrieved 2023-07-20.
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