Bank of Azad Jammu and Kashmir

Bank of Azad Jammu & Kashmir (BAJK)
TypeState-owned
Industry
Founded2005 (2005)
HeadquartersMuzaffarabad, Azad Kashmir
Key people
Shahid Shahzad Mir[1] (President & CEO)
ProductsBank Loans, savings accounts, consumer banking
Total assetsIncrease Rs. 58.12 billion (US$210 million)[2] (Q3 FY22)
Websitebankajk.com

Bank of Azad Jammu & Kashmir (BAJK) is a state-owned commercial bank operated by the Government of Azad Jammu and Kashmir, with its headquarters in Muzaffarabad.[3] It was founded in 2005.[4]

As of July 2025, BAJK had a network of 88 branches.[5]

History

BAJK entered into an agreement with a consortium of national and international companies for the procurement of core banking and digital channels software. It also signed a MoU with Silverlake.[5][6]

Assets

The total assets of the bank reached Rs. 58.12 billion (US$210 million) and deposits Rs. 47.18 billion (US$170 million) in the first 9 months of the 2025 calendar year as said by Ghulamullah Kiyani, spokesperson of BAJK.

See also

References

  1. ↑ "'Bank of Azad Jammu & Kashmir Management'".
  2. ↑ "AJK bank assets' value swells to 15-year high". 29 September 2022.
  3. ↑ "AJK bank seeks scheduled status - The Express Tribune". 21 February 2016.
  4. ↑ "'All stakeholders must patronise AJK bank' - The Express Tribune". 29 September 2012.
  5. 1 2 Naqash, Tariq (2025-07-13). "AJK bank inks deal with global consortium for core banking, digital transformation". Dawn. Retrieved 2026-04-15.
  6. ↑ "Bank of AJK signs MoU with Malaysian firm". Dawn. 2025-05-30. Retrieved 2026-04-15.
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