Allied Bank Limited

Allied Bank

Allied Bank

Allied bank is the 1st bank to be founded in Pakistan. It started in the city of Lahore under the name ‘Australasia Bank’ in 1942 before independence and in 1947 started functioning as Allied Bank of Pakistan.

In Aug 2004, due to the capital reconstruction, ownership of the bank was transferred to a corporate trust comprising ‘Ibraheem Group,’ and its name was changed to Allied Bank Limited in 2005. The article comprises every information about the Bank, including Allied Bank History.

Type:Public (KSE: ABL)
Industry:Finance and insurance Commercial bank
Founded:From the name of Australia Bank in 1942, Lahore, India (Current Pakistan)
Headquarter:Lahore, Pakistan
CEO:Tahir Hassan Qureshi (1 Jan 2017–)
paid-up share capital:PKR 0.12 million under the Chairmanship
attracted deposits, equivalent:attracted deposits, equivalent
Total assets then amounted to:PKR 0.572 million.
Capital & Reserves amount:Rs. 10.5 billion,
deposit exceeded:Rs. 143 billion
Board of Directors:In 1974, the Board of Directors of Australasia Bank
Allied Bank,2005 :In May 2005, Ibrahim Leasing Limited
privatization :September 1991
Corporate Values :We believe that a strong corporate culture
Core Values :Integrity, Excellence in Service, High Performance, Innovation and Growth
Internet Banking :Allied Direct Internet Banking offers you the convenience
Allied Bank ATM :Allied Cash+Shop Visa Debit Card for use at ATMs
Parent organization:Ibrahim Holdings (Private) Limited
Product:Financial services
Revenue:75 billion PKR
Subsidiaries:ABL Asset Management Company Limited, more

Allied Bank History

Allied Bank History

Allied bank is known for being the first bank established in Pakistan. The bank has established itself as a foundation with a strong deposit base, assets, and equity and offers universal banking services and focuses on retail banking. It has more than One-Thousand, Three-Hundred and fifty online branches, fifteen-hundred ATMs throughout the country. It is offering several technology-based services and products to its customers.


To become an efficient and dynamic bank providing smart solutions to get the 1st preferred bank status for clients.


  1. To provide their value-added facilities and services to their customers.
  2. To generate a sustainable value via diversity, growth, and efficiency for all the stakeholders.
  3. To give high-tech innovatory solutions to fulfill the requirements of customers.
  4. To perform a proactive part in contributing to society.
  5. Provision of a challenging environment for working and rewarding dedicated and hard-working faculty members according to their performance and abilities.

Core Values

  1. High-Performance
  2. Integrity
  3. Innovation & Growth
  4. Excellence in Service

Strategic Objectives

  1. Creating investors’ value and increasing the image of the brand via excellent and persistent performance.
  2. Re-engineering SLAs, SOPs, TATs, policies, and procedures ensure operational efficiencies via effectively managing essential resources.
  3. To build the confidence of customers via convenient designs of products and delivery channels.
  4. Instilling responsibility and ethics among human-resource and become an ‘Employer of the Choice’ for skilled and expert professionals.

Allied Bank limited

Status of Company

  • NTN: 0801428-7
  • Registration Number: 0000099
  • Postal Code: 54000
  • E-Mail: [email protected]
  • Fax Number: 042-35909146
  • UAN Number: 111-225-225
  • Phone Number: (+92-42) 35880043

Allied Bank Branches

Domestic Branches

Domestic branches are located in Ahmed Pur East, Abbottabad, Arifwala, Attock, Badin, Bahawalpur, Bahawalnagar, Bannu, Dadu, Chistian, Charsadda, Chiniot, Chichawatni, Daska, Dadyal, Depalpur, Dina, Dera Ismail Khan, Gojra, Fort Abbas, Gilgit, Ghotki, Gujranwala, Jhelum, Kamoki, Karachi, Kabirwala, Islamabad, Hasil Pur, Kamoki, Jhang.

Moreover, it has branches in Haroonabad, Jampur, Hassan Abdal, Hafizabad, Kohat, Kot Addu, Mianwali, Mardan, Moro, Multan, Sanghar, Sahiwal, Pattoki, Raiwind, Peshawar, Wah Cantt, Vehari, Taunsa, Wazirabad, Taxila, Toba Tek Singh, Swat, Tando Adam, Samundari, Rawalpindi, Lodhran, Mailsi, and many other cities.

International Branch

Located in Bahrain.

Associated Companies


ABL Asset Mgmt. Company

Associates Due to Common Directorship

  1. Pakistan German Business-Forum
  2. Habib Allied Holding Ltd
  3. Ibrahim Agency Pvt. Ltd
  4. Ibrahim Fibers Pvt. Ltd
  5. Pakistan Institute of Bankers
  6. Triconbson Consulting-Corporation Private Ltd
  7. Pakistan Institute of Bankers
  8. Quality School-Foundation
  9. NMF-National Management-Foundation
  10. Karachi-Education Initiative

Allied Bank Board of Directors

  1. Muhammad Naeem Mukhtar-Chairperson
  2. Muhammad Waseem-Non-Executive Sponsor Director
  3. Sheikh Mukhtar Ahmad- Non-Executive Sponsor Director
  4. Dr. Muhammad Akram-Independent Director
  5. Abdul Aziz-Non-Executive Director
  6. Nazrat Basheer-Independent Director
  7. Zafar Iqbal-Independent Director
  8. Tahir Hassan-CEO

Allied Bank locations

Board Committees

  1. Audit Committee

Constitution of Audit Committee

  • Mr. Zafar Iqbal-Chairperson
  • Mr. Mohammad Akram-Member
  • Mr. Mohammad Waseem– Member

Constitution of Board Risk Mgmt.  Committee

  • Mr. Sheikh Mukhtar Ahmed-Chairperson
  • Dr. Mohammad Akram–Member
  • Mr. Abdul Aziz– Member
  • Mr. Tahir Hassan–Member

Constitution of E-Vision Committee

  • Mr. Muhammad Naeem-Chairperson
  • Mr. Zafar Iqbal–Member
  • Ms. Nazrat Basheer–Member
  • Mr. Tahir Hassan-Member

Constitution of HR and Remuneration-Committee

  • Mr. Abdul Aziz-Chairperson
  • Dr. Mohammad Akram–Member
  • Mr. Mohammad Waseem-Member

Legal Advisor and Auditors

  1. M/s. KPMG Taseer Haadi and Co., Chartered Accountants-Auditor
  2. M/s. Mandviwalla and Zafar Advocates-Legal Advisor

Membership of the Trade Bodies and Industry Association

  • Pakistan Institution of the Corporate-Governance
  • Association of Pakistani Banks
  • Chamber of Commerce and Industry, Lahore
  • Pak-Agriculture Coalition
  • Pakistan’s Management Association
  • Chamber of Commerce and Industry, Karachi
  • Pakistan’s Business Council

Digital Banking Services

  1. myABL Digital Banking
  2. myABL Personal Internet Banking
  3. Voice Assisted Banking with myABL
  4. myABL Personal Finance Management
  5. Biometric ATM Service
  6. Branch POS Facility
  7. Pay Anyone
  8. Allied Bank Open-Banking
  9. Self-Card Activation Service for Prepaid and Debit Cards

Debit and Credit Cards

  1. Allied Visa Premium Debit-Card
  2. Allied Visa Classic Debit-Card
  3. Allied Visa Credit-Card
  4. Allied Basic Debit-Card
  5. Secure Online Shopping
  6. Deals & Discounts
  7. Allied EZCash Prepaid-Card

Allied Bank account

Everyday Accounts

  1. Current Account
  2. Allied Asaan Account
  3. Allied Youth Account
  4. Allied Rising Star
  5. Allied Express Account
  6. Allied Bharosa Account
  7. Allied Senior Citizen Account

Awards and Recognitions

2020 Awards

  1. Award for Best Phone Banking Application
  2. Award for Best Digital-Innovation
  3. Award for Corporate Excellence
  4. Award for Best Application & Web-Enabled Market

2019 Awards

  1. Award for Best Bank of 2018
  2. Award for Best Primary-Dealer for the Year 2018-2019
  3. Award for Best Corporate-Report

2018 Awards

  1. Award for being Pakistan’s Best Bank
  2. Pakistan’s Best Loan-Advisor
  3. Award for Corporate Excellence
  4. Award for Best Corporate-Report

2017 Awards

  1. Bank of Year Award
  2. Best Investment and Corporate Bank
  3. Award for Corporate Excellence
  4. Best Bank in the Islamic Finance
  5. Listed Among Top Twenty-Five Companies
  6. Best Institutional and Corporate Bank

2016 Awards

  1. Award for Pakistan’s Best Loan-House
  2. Best Institutional and Corporate Bank

2005-2016 Awards

  1. Pakistan’s Best Equity-House in the Year 2008
  2. Award for Pakistan’s Best Investment-Bank in 2013
  3. Pakistan’s Best Retail Bank in the Year 2011
  4. Award for 2013’s Best Domestic-Investment Bank
  5. Award for the Strongest Bank According to 2014 Balance Sheet

Code of Conduct

All the bank staff has to follow the following code of conduct:

  1. Upholding Compliance & Law
  2. Punctuality
  3. Honesty
  4. Sense of Responsibility
  5. Restriction on Political Involvements
  6. Avoid Harassment & Discrimination
  7. Restriction on Pranks and Practical Jokes
  8. Customer Information’s Privacy
  9. Confidentiality
  10. Restriction on Use of Drugs

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