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Empowering Global &
 Domestic Financial
Connectivity

Financial Institutions Division (FID)

Overview

Strengthening Financial Partnerships!

Askari Bank’s Financial Institutions Division (FID) serves as a specialised platform for building strong and reliable partnerships with domestic and international financial entities. Acting as a bridge to global banking networks, FID ensures seamless collaboration with correspondent banks, NBFIs, insurance companies, and multilateral development institutions. With a focus on trade finance, treasury operations, remittance facilitation, and institutional client services, FID delivers value through expertise, global connectivity, and a robust compliance framework.  

Partner with Askari FID today to unlock stronger financial networks and sustainable growth.

Areas of Expertise

  • Correspondent Banking & Relationship Management: Establishment and maintenance of Nostro/Vostro accounts, RMAs, and credit lines with Local and Global banks.
  • Trade Finance Facilitation: Structuring and promotion of international trade transactions in coordination with global FIs.
  • Institutional Client Services: One-window operations for NBFIs, Insurance Companies and Development Institutions requiring customized banking solutions.
  • Risk & Compliance Advisory: Leadership in implementing global KYC/AML standards across the Bank’s FI portfolio. 

Global RMA Network

Askari Bank Limited (AKBL) maintains a robust global network of over 550 active Relationship Management Applications (RMAs) across 82 countries, enabling the Bank to efficiently support cross-border trade, structured finance, and treasury operations. This extensive correspondent banking footprint is a testament to AKBL’s strong international reputation, high compliance standards, and sound financial position.

A key strength of AKBL’s international network is its deep-rooted relationships with leading Chinese banks, aligned with the evolving trade and investment landscape under the China-Pakistan Economic Corridor (CPEC). The Bank has active RMAs with major Chinese financial institutions, including Bank of China, Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), and Agricultural Bank of China, allowing for seamless facilitation of trade transactions denominated in both USD and CNY.  

Key Trade Finance Offerings Through the RMA & FI Network

Through its extensive RMA relationships and bilateral cooperation with international banks, AKBL offers a diverse range of trade finance products tailored to meet corporate and institutional client needs:


  • Back-to-Back Guarantees: AKBL provides back-to-back guarantees against counter-guarantees issued by top-rated foreign banks. These are widely utilized in cross-border projects and infrastructure-linked transactions—particularly with Chinese EPC contractors and suppliers.
  • Letter of Credit (LC) Confirmation: With the support of its RMA partners, AKBL confirms LCs to offer payment certainty to exporters dealing with higher-risk jurisdictions or unfamiliar buyers, ensuring greater security in international trade settlements.
  • LC Negotiation / Discounting: AKBL extends both pre- and post-shipment finance by negotiating or discounting LCs—enabling exporters to access early funding while mitigating buyer and sovereign risk.
  • Transactions under Master Risk Participation Agreements (MRPAs): AKBL actively engages in funded and unfunded risk participation arrangements with major global banks under MRPAs. This structure enables the Bank to:
    • Participate in high-value trade transactions and structured deals without full on-balance-sheet exposure.
    • Mitigate country and counterparty risk through risk-sharing mechanisms.
    • Strengthen its trade asset portfolio while maintaining capital efficiency.

    The Bank’s ability to enter into MRPA-based transactions, especially with Chinese and other strategic partner banks, complements its risk management strategy and expands its capacity to support Pakistan’s growing trade flows.  Askari Bank’s continued investment in correspondent banking relationships, along with its innovative trade finance capabilities, positions it as a leading trade partner for corporates and financial institutions engaged in cross-border commerce, particularly in emerging trade corridors such as Pakistan–China.

    List of Nostro Accounts

    S.NoName of BanksCurrencyAccount NoCountrySwift Code
    1JP Morgan USAUSD712867277USACHASUS33
    2Citibank N.A.USD3607 9507USACITIUS33
    3Standard Chartered BankUSD3582-025923-001USASCBLUS33
    4MashreqBank pscUSD70119455-1067USAMSHQUS33
    5MashreqBank pscUSD70009846 (for Islamic Banking)USAMSHQUS33
    6Standard Chartered BankGBP01-249443401UKSCBLGB2L
    7Standard Chartered BankEUR424-007396907GermanySCBLDEFX
    8Commerzbank AGEUR400-88-07190-00GermanyCOBADEFF
    9Unicredit Bank AGEUR69105173GermanyHYVEDEMM
    10Citibank N.AEUR8562059UKCITIGB22
    11National Bank of PakistanEUR1149160002GermanyNBPADEFF
    12Banco de Sabadell SAEUR901012246SpainBSABESBB
    13National Bank of PakistanJPY21057JapanNBPAJPJT
    14Standard Chartered BankJPY021 5590 / 1110JapanSCBLJPJT
    15Bank of CeylonACUD1977952Sri LankaBCEY LK LX
    16Standard Chartered BankACUD15-2000938-01BangladeshSCBLBDDX
    17Standard Chartered BankACUD22205306892IndiaSCBLINBB
    18MashreqBank pscACUD61049312IndiaMSHQINBB
    19HDFC Bank LtdACUD00608980000135IndiaHDFCINBB
    20Standard Chartered BankACUE22-2053926-08IndiaSCBLINBB
    21The Saudi National BankSAR555 653 15000 101Saudi ArabiaNCBKSAJE
    22National Bank of PakistanSAR2000007188Saudi ArabiaNBPASARI
    23MashreqBank pscAED195510502 (IBAN AE480330000010195510502)UAEBOMLAEAD
    24Standard Chartered BankCAD0201269317858 (IBAN GB27SCBL60910412693178)UKSCBLGB2L
    25Standard Chartered Bank (China) LtdRMB501510475252ChinaSCBLCNSXSHA
    26Industrial & Commercial Bank of ChinaRMB600101000000011000PakistanICBKPKKA
    27Standard Chartered Bank (Singapore) LtdSGD102829470SingaporeSCBLSG22
    28Bank of China LtdRMB100002600001959 (PK22BKCH0100002600001959)PakistanBKCHPKKA
    29Citibank NAAUD(IBAN: GB66CITI18500813751201) Acc No. 0013751201UKCITIGB2L
    30Habib Bank AG ZurichCHFCH71 0878 9114 0010 2860 1SwitzerlandHBZUCHZZ

    Contact Details

    Mr. Muhammad Farhan Rauf
    Mr. Syed Wajid Gilani
    FID Group ID

    No documents available.

      

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    Last Updated: 24 June, 2026

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