The account offers an easy access to a host of unparalleled features and heightened convenience of a current account with added features of No Minimum Balance Requirement and Service Charges. For further details, please visit: http://www.abl.com/personal-banking/everyday-accounts/allied-easy-current-account/ ‎

As a customer-oriented bank, Allied Bank is committed to continue bringing value additions and innovations to remain the customers’ preferred choice in the banking industry.

For details, please visit: http://www.abl.com/services/downloads/forms-and-collateral/account-opening-form/

Khawaja Mohammad Almas, Chief CRBG, Allied Bank is seen receiving the award from the Chief Guest on the occasion, Mian Muhammad Mansha, Chairman, MCB Bank and Nishat Group while Mr.Faisal Sultan, CEO, SKCMH, looks on.

The Shareholders adopted the annual accounts of the Bank for the year 2012 and accorded approval for the payment of final cash dividend @ 20 percent, i.e. Rs. 2.00 per share. This would be in addition to the interim cash dividends already paid aggregating Rs. 4.50 per share, i.e. 45 percent, thereby increasing the total cash dividend for the year 2012 to 65 percent. The shareholders also approved issuance of 10 percent bonus shares.

Total assets of the Bank increased to Rs. 632 billion, while Tier-I Equity improved by over 14 percent to Rs. 43 billion at the year-end. The deposits were Rs.515 billion, grew by 29% over the previous year. The Bank has earned Rs. 11.676 billion Profit After Tax (PAT) during 2012 which is 15 percent higher than the previous year’s PAT of Rs. 10.140 billion. As a result EPS stood at Rs 12.34 compared to Rs. 10.71 of the previous year

The Pakistan Credit Rating Agency (PACRA) has upgraded the long term entity rating of Allied Bank to ‘AA+’ (Double A Plus). The short-term rating of Allied Bank is already at the highest level of ‘A1+. JCR-VIS’ upgraded the Corporate Governance Rating of Allied Bank to ‘CGR 8++’ denoting high level of corporate governance.

With a network of 875 branches providing online services in over 300 cities and towns, Allied Bank is one of the top five banks of the country. Allied Bank has one of the largest networks of over 650 ATMs installed across the country.

An agreement to this effect was signed by Mr. Mujahid Ali, Chief, Information Technology, Allied Bank and Mr. Muhammad Sohail, CEO, TPS. Also present on the occasion were Mr. Khalid A. Sherwani, CEO; Mr. Jalees Ahmed, Director; Khawaja Mohammad Almas, Chief, Commercial & Retail Banking Group; Mr. Shahzad Sadiq, Chief, Risk Management Group; Mr. Zia Ijaz, Chief, Banking Services Group; Mr. Shafique Ahmed Uqaili, Chief, Human Resource Group; Mr. Tahir Qureshi, Chief Financial Officer; and Mr. Saif-Ul-Islam, Chief, SAM, Allied Bank Limited.

Following a detailed switch selection process, where solutions for both in-house and outsourcing models were evaluated, Allied Bank has selected IRIS as its in-house payment switch because of IRIS’ parameterization, scalability, reliability and supporting cost-effective growth.

“At Allied bank we aim to offer innovative solutions and value added services to our customers. To meet this objective we plan to fully utilize IRIS scalable and modular architecture and features by rolling out new products and services, meeting customer’s requirements and expectations within shortest possible time. Our strategic partnership with TPS will contribute towards our technology transformation and enhancing our service capability and to offer convenience and exclusive services to our customers,” said Mujahid Ali, Chief, Information Technology, Allied Bank Limited.

IRIS is a sophisticated payment application that offers one window solution for transaction processing, debit and prepaid card management, ATM controller, Transaction and ATM network Monitoring, Integrated Channel Management and ADC CRM. Supported by IRIS advanced features, Allied bank can accelerate the execution of its far reaching strategy, including upgrading the network to support chip-cards, advance its mobile banking initiative, while providing value-added services to its accountholders. The bank will also benefit from a lower Total Cost of Ownership (TCO), increased speed to market and facilitate in channel growth. Additionally ABL will use Instant Card Issuance capabilities, comprehensive Point of Sale (POS) and other payment products.

TPS has been associated with ABL since 2003 when it was selected by the bank to setup a transaction switch ‘Phoenix’ and other peripheral applications. In the span of 9 years, TPS technology has facilitated bank to scale and handle ATM network of 700+ ATMs and process the card life cycle of over a million debit cards.