Atlas Group

KASB-Atlas Bank was formed at the end of 2008 following a merger between Atlas Bank Limited, KASB Bank & KASB Capital. Atlas Bank was evolved from the acquisition of Dawood Bank Limited by The Atlas Group. The Atlas Group established Atlas Investment Bank in 1990 as a joint venture between Atlas Group and the Bank of Tokyo-Mitsubishi, Japan. Atlas Lease Limited was formed in 1989 as a joint venture between the Atlas Group, the Bank of Tokyo-Mitsubishi, Japan and the National Investment Trust. The head office of the Bank is based in Karachi with branch offices in Lahore, Islamabad and Faisalabad.

Atlas Group was founded in 1962, with the establishment of Shirazi Investments (Private) Limited. Comprised of seven public companies, Atlas Group is involved in engineering, financial services and trading.

Like many western interest-based banks, Atlas Group has taken advantageof developing countries like Pakistan through its diverse services and fractional reserve banking. Working conditions have been heavily criticized for enforcing 11-hour days from employees.