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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 75 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 1350 online branches & 1500+ ATMs in Pakistan and offers various technology-based products and services to its diverse clientele.
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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
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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.
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Status of the Company (Listed Company)
Company Registration Number: 0000099 National Tax Number: 0801428-7 Registered & Head Office: 3 Tipu Block, Main Boulevard, New Garden Town, Lahore–Pakistan Postal Code: 54000 Telephone No: (+92-42) 35880043 Fax No: 042-35909146 UAN Number: 111-225-225 E-mail: [email protected] -
Branch Network
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Associated/Subsidiary Companies
Subsidiaries
Associates–By common directorship
Ibrahim Fibres Limited Triconboston Consulting Corporation (Pvt.) Limited Ibrahim Holdings (Pvt.) Limited Institute of Bankers Pakistan Ibrahim Agencies (Pvt.) Limited National Management Foundation (NMF-LUMS) Habib Allied Holding Limited Quality School Foundation Pakistan German Business Forum Karachi Education Initiative - Governance
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Auditors & Legal Advisor
Legal Advisor Auditors M/s. Mandviwalla & Zafar Advocates M/s. KPMG Taseer Hadi & Co., Chartered Accountants - Investor Relations
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Media
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
- Pakistan Institute of Corporate Governance
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Election of Directors
In the Extra-Ordinary General Meeting of the Shareholders of Allied Bank Limited held on August 27, 2018 following persons have been elected as Directors of Allied Bank Limited for the next term of three years effective from August 27, 2018:
- Mr. Mohammad Naeem Mukhtar
- Sheikh Mukhtar Ahmad
- Mr. Muhammad Waseem Mukhtar
- Mr. Abdul Aziz Khan
- Dr. Muhammad Akram Sheikh
- Mr. Zafar Iqbal
- Ms. Nazrat Bashir
Next election will be due in August 2021; related information would be uploaded on this link in accordance with the regulatory timelines.
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Investor Information
- Trading Symbol: ABL
- Listed on Pakistan Stock Exchange Limited
- Annual Reports & Interim Accounts
- Financial Highlights & Ratios
Name and Address of Share Registrar
CDC Share Registrar Services Limited
CDC House, 99-B, Block-B, S.M.C.H.S
Main Shahra-e-Faisal, Karachi
Tel: (+92-21) 111-111-500
Customer Support Services (Toll Free) 0800-23275
Fax: (+92-21) 34326053
Email: [email protected] - Free Float of ABL Shares
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Rating of Company and Instruments
Entity Ratings of Allied Bank by PACRA
July 1, 2020
(For the period 2019-2020)
The Pakistan Credit Rating Agency (PACRA) has retained Long-Term and Short Term Ratings of Allied Bank Limited as “AAA” (Triple A) and “A1+” (A One plus), respectively
July 2, 2019
(For the period 2018-2019)
The Pakistan Credit Rating Agency (PACRA) has retained Long-Term and Short Term Ratings of Allied Bank Limited as “AAA” (Triple A) and “A1+” (A One plus), respectively.
June 30, 2018
(For the period 2017-2018)
The Pakistan Credit Rating Agency (PACRA) has upgraded Long-Term Ratings of Allied Bank Limited “AAA” (Triple A) while the Short-Term Rating of the Bank is already at the highest level of “A1+” (A One plus).
June 30, 2017
(For the year ending December 2016)
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, 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 VIS
April 02, 2020
(For the years ending 2018-2019)
VIS Credit Rating Company Limited (VIS) has reaffirmed the Corporate Governance Rating of Allied Bank Limited (ABL) at “CGR-9+”. This rating is based on a scale ranging from CGR-1 (lowest) to CGR-10 (highest). The ratings assigned to ABL reflects very high level of corporate governance practices instituted in the bank underpinned by sound internal control environment, financial transparency and regulatory compliance.
February 11, 2019
(For the year ending December 2017)
JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Corporate Governance Rating of Allied Bank Limited (ABL) at “CGR-9+”. This rating is based on a scale ranging from CGR-1 (lowest) to CGR-10 (highest). The ratings assigned to ABL reflects very high level of corporate governance practices instituted in the bank underpinned by sound internal control environment, financial transparency and regulatory compliance.
January 19, 2018
(For the year ending December 2016)
JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Corporate Governance Rating of Allied Bank Limited (ABL) at “CGR-9+”. This rating is based on a scale ranging from CGR-1 (lowest) to CGR-10 (highest).
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).
