VIS Upgrades Allied Bank’s Corporate Governance Rating to CGR-9++
Categories: News Updates
Corporate Governance Rating (2021)
Allied Bank Upgraded to CGR-9++
VIS Credit Rating Company Limited (VIS) has upgraded the Corporate Governance Rating of Allied Bank from CGR-9+ to CGR-9++.
CGR-9+
Previous Rating
→
CGR-9++
Upgraded Rating
This rating stands one notch below the highest level, 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:
Regulatory Compliance
Ownership Structure
Board Composition and Operations
Executive Management Oversight
Self-Regulation and Internal Policies
Financial Transparency
Stakeholder Relationships
This upgrade further solidifies Allied Bank’s reputation as a responsible, transparent, and governance-focused institution in the Pakistani banking sector.