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:
To become a dynamic and efficient bank providing integrated solutions in order to be the first-choice bank for the customers.
To provide value-added services to our customers.
To provide high-tech, innovative solutions to meet the 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 society.
Integrity
Excellence in Service
High Performance
Innovation and Growth
Enhancing brand image and creating shareholders’ value through sustainable performance while optimizing return against acceptable risk appetite.
Augmenting financial inclusion of the unbanked population through innovative and diversified technologies, building customer 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 resources and becoming an ‘Employer of Choice’ for top professionals.
| 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: | 042-111-225-225 |
| E-mail: | [email protected] |
Ibrahim Welfare Foundation
ABL Exchange (Private) Limited
Legal Advisor |
Auditors |
|---|---|
| M/s. Mandviwalla & Zafar Advocates | M/s. EY Ford Rhodes, Chartered Accountants |
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
In the Extraordinary General Meeting of the Shareholders of Allied Bank Limited held on August 27, 2024, the following individuals were elected as Directors of Allied Bank Limited for a period of three years, effective from August 27, 2024 (subject to Fit and Proper Test clearance by the State Bank of Pakistan):
Mohammad Naeem Mukhtar
Sheikh Mukhtar Ahmad
Muhammad Waseem Mukhtar
Zafar Iqbal
Nazrat Bashir
Muhammad Kamran Shehzad
Mian Ikram Ul Haq
The next election is scheduled for August 2027; related information will be uploaded on this link in accordance with the regulatory timelines.
Trading Symbol: ABL
Listed on: Pakistan Stock Exchange Limited
Annual Reports & Interim Accounts
Financial Highlights & Ratios
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]
(For the period 2024–2025) The Pakistan Credit Rating Agency (PACRA) has maintained the Long-Term and Short-Term Ratings of Allied Bank Limited as “AAA” (Triple A) and “A1+” (A One Plus), respectively.
(For the period 2023–2024) The Pakistan Credit Rating Agency (PACRA) has maintained the Long-Term and Short-Term Ratings of Allied Bank Limited as “AAA” (Triple A) and “A1+” (A One Plus), respectively.
(For the period 2022–2023) The Pakistan Credit Rating Agency (PACRA) has maintained the Long-Term and Short-Term Ratings of Allied Bank Limited as “AAA” (Triple A) and “A1+” (A One Plus), respectively.
(For the period 2021–2022) The Pakistan Credit Rating Agency (PACRA) has maintained the Long-Term and Short-Term Ratings of Allied Bank Limited as “AAA” (Triple A) and “A1+” (A One Plus), respectively.
(For the period 2020–2021) The Pakistan Credit Rating Agency (PACRA) has maintained the Long-Term and Short-Term Ratings of Allied Bank Limited as “AAA” (Triple A) and “A1+” (A One Plus), respectively.
(For the period 2019–2020) The Pakistan Credit Rating Agency (PACRA) has retained the Long-Term and Short-Term Ratings of Allied Bank Limited as “AAA” (Triple A) and “A1+” (A One Plus), respectively.
(For the period 2018–2019) The Pakistan Credit Rating Agency (PACRA) has retained the Long-Term and Short-Term Ratings of Allied Bank Limited as “AAA” (Triple A) and “A1+” (A One Plus), respectively.
(For the period 2017–2018) The Pakistan Credit Rating Agency (PACRA) has upgraded the Long-Term Rating of Allied Bank Limited to “AAA” (Triple A), while the Short-Term Rating of the bank remains at the highest level of “A1+” (A One Plus).
(For the year ending December 2016) The Pakistan Credit Rating Agency (PACRA) has maintained the Long-Term Rating of Allied Bank Limited at “AA+” (Double A Plus), while the Short-Term Rating remains at the highest level of “A1+” (A One Plus).
(For the year ending December 2015) The Pakistan Credit Rating Agency (PACRA) has maintained the Long-Term Rating of Allied Bank Limited at “AA+” (Double A Plus), while the Short-Term Rating remains at the highest level of “A1+” (A One Plus).
(For the year ending December 2014) The Pakistan Credit Rating Agency (PACRA) has maintained the Long-Term Rating of Allied Bank Limited at “AA+” (Double A Plus). The Short-Term Rating remains at the highest level of “A1+” (A One Plus).
(For the year ending December 2013) The Pakistan Credit Rating Agency (PACRA) has maintained the Long-Term Rating of Allied Bank Limited at “AA+” (Double A Plus). The Short-Term Rating remains at the highest level of “A1+” (A One Plus).
(For the year ending December 2012) The Pakistan Credit Rating Agency (PACRA) has maintained the Long-Term Rating of Allied Bank Limited at “AA+” (Double A Plus). The Short-Term Rating remains at the highest level of “A1+” (A One Plus).
(For the year 2024) VIS Credit Rating Company Limited (VIS) has reaffirmed the Corporate Governance Rating of Allied Bank Limited at “CGR-9++”. This rating is only one notch below the highest level of 10, which the rating company usually does not assign to any entity. The rating signifies a very high level of corporate governance.
The Corporate Governance Ratings are based on an evaluation of key governance areas, including regulatory compliance, ownership structure, composition and operations of the Board of Directors, financial transparency, and stakeholder relationships.
(For the year 2023) VIS Credit Rating Company Limited (VIS) has reaffirmed the Corporate Governance Rating of Allied Bank Limited at “CGR-9++”. This rating is only one notch below the highest level of 10, which the company usually does not assign. It signifies a very high level of corporate governance.
(For the year 2021) VIS Credit Rating Company Limited (VIS) has upgraded the Corporate Governance Rating of Allied Bank Limited from “CGR-9+” to “CGR-9++”. This rating is one notch below the highest level of 10 and reflects a very high level of corporate governance.
The rating is based on an evaluation of key areas, including regulatory compliance, ownership structure, composition and operations of the Board of Directors and executive management, self-regulation, financial transparency, and stakeholder relations.
(For the year 2020) 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 from CGR-1 (lowest) to CGR-10 (highest). The ratings assigned to ABL reflect a very high level of corporate governance, supported by a sound internal control environment, financial transparency, and regulatory compliance.
(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+”, based on the same scale. The ratings assigned to ABL reflect a very high level of corporate governance, underpinned by effective internal controls, transparency, and compliance.
(For the year ending December 2017) JCR-VIS Credit Rating Company Limited (JCR-VIS) reaffirmed the Corporate Governance Rating of Allied Bank Limited (ABL) at “CGR-9+”, based on the CGR-1 to CGR-10 scale. The rating reflects strong corporate governance practices and regulatory compliance.
(For the year ending December 2016) JCR-VIS Credit Rating Company Limited (JCR-VIS) reaffirmed the Corporate Governance Rating of Allied Bank Limited (ABL) at “CGR-9+”.
(For the year ending December 2015) JCR-VIS Credit Rating Company Limited (JCR-VIS) upgraded the Corporate Governance Rating of Allied Bank Limited (ABL) from “CGR-9” to “CGR-9+”.
(For the year ending December 2014) The JCR-VIS Credit Rating Company reaffirmed the Corporate Governance Rating of Allied Bank Limited as “CGR-9”, denoting a very high level of corporate governance.
(For the year ending December 2013) The JCR-VIS Credit Rating Company reaffirmed the Corporate Governance Rating of Allied Bank Limited as “CGR-9”, indicating a very high level of corporate governance.
(For the year ending December 2012) JCR-VIS Credit Rating Company Limited (JCR-VIS) upgraded the Corporate Governance Rating of Allied Bank Limited (ABL) from “CGR-8++” to “CGR-9”, denoting a very high level of corporate governance.
The rating is based on an evaluation of key governance areas, including regulatory compliance, board oversight, management profile, self-regulation, financial transparency, and stakeholder relations. The rating also reflects ABL’s commitment to adopting best practices in accordance with the revised Code of Corporate Governance (CCG) introduced by the Securities and Exchange Commission of Pakistan (SECP). ABL has achieved compliance with most of the requirements stipulated in the new CCG.
Following principal redemption and profit payment under the Call Option (early redemption) of the Allied Bank Limited TFC-II, it will be delisted from the Karachi Stock Exchange with effect from Wednesday, October 14, 2015.
The rating of the unsecured, listed, and subordinated Term Finance Certificate-II (TFC-II) of PKR 3,000 million has been maintained at “AA” (Double A) by the Pakistan Credit Rating Agency (PACRA).
The rating of the unsecured, listed, and subordinated Term Finance Certificate-II (TFC-II) of PKR 3,000 million has been maintained at “AA” (Double A) by the Pakistan Credit Rating Agency (PACRA).