The Bank


  • Company Profile

    Allied Bank Limited was the first bank to be established in Pakistan.

    The Bank started out in Lahore by the name Australasia Bank before independence in 1942; and became Allied Bank of Pakistan in 1974.

    In August 2004, because of capital reconstruction, the Bank’s ownership was transferred to a consortium comprising Ibrahim Group; therefore, it was renamed as Allied Bank Limited in 2005.

    Today, with its existence of over 70 years, the Bank has built itself a foundation with a strong equity, assets and deposit base. It offers universal banking services, while placing major emphasis on retail banking. The Bank has a large network of over 1100 online branches and ATMs in Pakistan and offers various technology-based products and services to its diverse clientele.


  • Corporate Values

    We believe that a strong corporate culture inspires passion among employees in carrying out their business tasks. In order to reach a higher level of business performance, new vibrancy has to be injected into our corporate culture. After careful formulation and thorough discussion, the Board approved the Bank’s Vision, Mission and Core Values. With this initiative, we have embarked on building a coherent and bank-wide corporate culture that motivates us and moves us forward in the 21st century.

    Allied Bank Limited operates by the following Vision, Mission and Values:

    Vision

    To become a dynamic and efficient bank providing integrated solutions in order to be the first choice bank for the customers.

    Mission
    • To provide value-added services to our customers.
    • To provide high-tech innovative solutions to meet customers’ requirements.
    • To create sustainable value through growth, efficiency and diversity for all stakeholders.
    • To provide a challenging work environment and reward dedicated team members according to their abilities and performance.
    • To play a proactive role in contributing towards the society.
    Core Values
    • Integrity
    • Excellence in Service
    • High Performance
    • Innovation and Growth


  • Strategic Objectives

    • Enhancing brand image and creating shareholders’ value through sustainable performance, while optimizing return against acceptable risk appetite.
    • Augmenting financial inclusion of unbanked population through innovative and diversified technologies, building customers’ confidence through convenient delivery channels and product designs.
    • Continuous re-engineering of policies, procedures, SOPs, SLAs and TATs, ensuring operational efficiencies through effective management of key resources.
    • Instilling a culture of ethics and responsibility among human resource and becoming an ‘Employer of Choice’ for the Top Professionals.


  • Status of the Company (Listed Company)
  • Branch Network

  • Associated/Subsidiary Companies

    Subsidiaries

    ABL Asset Management Company http://www.ablamc.com

    Associates–By common directorship

    Ibrahim Fibers Limited: http://igcpk.com M/s. Triconboston Consulting (Pvt) Ltd
    Ibrahim Holding (Pvt) Limited M/s 1Link (Guarantee) Limited
    Ibrahim Agencies (Pvt) Limited National Management Foundation (NMF-LUMS)
    http://lums.edu.pk/page.php/nmf
    Habib Allied Holding Limited
    http://www.habibbankuk.com
    Arabian Sea Country Club http://www.asccl.com
    Quality School Foundation http://www.qsf.org.pk/ The Hub Power Company Limited (HUBCO) http://www.hubpower.com/
    Karachi Education Initiative National Clearing Company of Pakistan (NCCPL)
    Atlantic Aviation Company (Private) Limited Pakistan German Business Forum www.pgbf.com.pk/

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  • Governance
  • Auditors & Legal Advisor

    Legal Advisor Auditors
    M/s. Mandviwalla & Zafar Advocates M/s. KPMG Taseer Hadi & Co., Chartered Accountants

  • Invester Relations
  • Media

    Awards & recognitions

    Membership of Industry Association & Trade Bodies

    • Pakistan Banks Association
    • Management Association of Pakistan
    • Pakistan Business Council
    • Karachi Chamber of Commerce & Industry
    • Lahore Chamber of Commerce & Industry
    • Pakistan Agriculture Coalition

    Announcements/ News updates

  • Election of Directors

    Last Election of Directors was held in August 2015. Next election of Directors will be due in August 2018; accordingly related information will be placed as per statutory timelines.

  • Investor Information

    Name and Address of Share Registrar

    M/s. Technology Trade (Pvt) Ltd.

    Allied Bank Limited,Dagia House, 241-C, Block -2, P.E.C.H.S,Karachi.

    Tel: 021-34391316-17 & 19, 021-34387960-61

    Fax: 021-34391318

  • Free Float of ABL Shares

    In accordance with the sub-clause 5.7.2 (c) of the Listing Regulation requirement, we provide the Free Float of Shares of our Company as on March 31, 2017.


  • Rating of Company and Instruments

    Entity Ratings of Allied Bank by PACRA

    July 01, 2016

    (For the year ending December 2015)

    The Pakistan Credit Rating Agency (PACRA) has maintained Long-Term Ratings of Allied Bank Limited “AA+” (Double A plus) while the Short-Term Rating of the Bank is already at the highest level of “A1+” (A One plus).

    July 01, 2015

    (For the year ending December 2014)

    The Pakistan Credit Rating Agency (PACRA) has maintained Long-Term Ratings of Allied Bank Limited “AA+” (Double A plus). The Short-Term Rating of the Bank is already at the highest level of “A1+” (A One plus).

    June 27, 2014

    (For the year ending December 2013)

    The Pakistan Credit Rating Agency (PACRA) has maintained Long-Term Ratings of Allied Bank Limited “AA+” (Double A plus). The Short-Term Rating of the Bank is already at the highest level of “A1+” (A One plus).

    July 07, 2013

    (For the year ending December 2012)

    The Pakistan Credit Rating Agency (PACRA) has maintained Long-Term Ratings of Allied Bank Limited “AA+” (Double A plus). The Short-Term Rating of the Bank is already at the highest level of “A1+” (A One plus).

    Corporate Governance Ratings by JCR-VIS

    November 09, 2016

    (For the year ending December 2015)

    JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the corporate governance rating of Allied Bank Limited (ABL) from “CGR-9” to “CGR-9+”. This rating is based on a scale ranging from CGR-1 (lowest) to CGR-10 (highest).

    December 04, 2015

    (For the year ending December 2014)

    The JCR – VIS Credit Rating Company has reaffirmed Corporate Governance Rating of Allied Bank Limited as CGR-9, denoting ‘very high level of corporate governance’. The rating is based on the scale ranging from CGR-1 (lowest) to ‘CGR-10’ (highest).

    November 28, 2014

    (For the year ending December 2013)

    The JCR – VIS Credit Rating Company has reaffirmed Corporate Governance Rating of Allied Bank Limited as CGR-9, denoting ‘very high level of corporate governance’. The rating is based on the scale ranging from CGR-1 (lowest) to ‘CGR-10’ (highest).

    October 22, 2013

    (For the year ending December 2012)

    JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the Corporate Governance Rating of Allied Bank Limited (ABL) from‘CGR-8++’ to ‘CGR-9’, denoting ‘very high level of corporate governance’. This rating is based on the scale ranging from ‘CGR-1’ (lowest) to ‘CGR-10’ (highest).

    Corporate governance ratings are based on evaluation of key governance areas of the rated institution, which include regulatory compliance; board oversight; management profile; self regulation; financial transparency and relationship with stakeholders. The rating incorporates ABL’s commitment to adopt best practices with respect to corporate governance, as also stipulated in the revised Code of Corporate Governance (CCG) introduced by the Securities & Exchange Commission of Pakistan. ABL has achieved compliance with most of required changes stipulated in the new CCG.

    TFC-II Ratings of Allied Bank by PACRA

    October 12, 2015

    Consequent to principal redemption and profit payment under the Call Option (early redemption) of the ABL TFC-II, the same will be delisted from Karachi Stock Exchange w.e.f. Wednesday, October 14, 2015.

    July 01, 2015

    The rating of the unsecured, listed and subordinated TFC-II (PKR 3,000 Million) has been maintained “AA” (Double A) by the Pakistan Credit Rating Agency (PACRA).

    July 07, 2014

    The rating of the unsecured, listed and subordinated TFC-II (PKR 3,000 Million) has been maintained “AA” (Double A) by the Pakistan Credit Rating Agency (PACRA).