(For the Year 2021) – VIS Credit Rating Company Limited (VIS) has upgraded the Corporate Governance Rating of Allied Bank from CGR-9+ to CGR-9++.
This rating stands one notch below the highest level of CGR-10 and reflects a very high standard of corporate governance within the organization.
Key Rating Insights
The Corporate Governance Rating (CGR) is based on VIS’s evaluation of critical governance factors, including:
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Regulatory compliance
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Ownership structure
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Board composition and operations
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Executive management oversight
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Self-regulation and internal policies
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Financial transparency
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Stakeholder relationships
This upgrade further solidifies Allied Bank’s reputation as a responsible, transparent, and governance-focused institution in the Pakistani banking sector.