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.
| Title | Description |
|---|---|
| Details | |
| 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 |
Table of Contents
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.
Vision
To become an efficient and dynamic bank providing smart solutions to get the 1st preferred bank status for clients.
Mission
- To provide their value-added facilities and services to their customers.
- To generate a sustainable value via diversity, growth, and efficiency for all the stakeholders.
- To give high-tech innovatory solutions to fulfill the requirements of customers.
- To perform a proactive part in contributing to society.
- Provision of a challenging environment for working and rewarding dedicated and hard-working faculty members according to their performance and abilities.
Core Values
- High-Performance
- Integrity
- Innovation & Growth
- Excellence in Service
Strategic Objectives
- Creating investors’ value and increasing the image of the brand via excellent and persistent performance.
- Re-engineering SLAs, SOPs, TATs, policies, and procedures ensure operational efficiencies via effectively managing essential resources.
- To build the confidence of customers via convenient designs of products and delivery channels.
- Instilling responsibility and ethics among human-resource and become an ‘Employer of the Choice’ for skilled and expert professionals.
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
Subsidiaries
ABL Asset Mgmt. Company
Associates Due to Common Directorship
- Pakistan German Business-Forum
- Habib Allied Holding Ltd
- Ibrahim Agency Pvt. Ltd
- Ibrahim Fibers Pvt. Ltd
- Pakistan Institute of Bankers
- Triconbson Consulting-Corporation Private Ltd
- Pakistan Institute of Bankers
- Quality School-Foundation
- NMF-National Management-Foundation
- Karachi-Education Initiative
Allied Bank Board of Directors
- Muhammad Naeem Mukhtar-Chairperson
- Muhammad Waseem-Non-Executive Sponsor Director
- Sheikh Mukhtar Ahmad- Non-Executive Sponsor Director
- Dr. Muhammad Akram-Independent Director
- Abdul Aziz-Non-Executive Director
- Nazrat Basheer-Independent Director
- Zafar Iqbal-Independent Director
- Tahir Hassan-CEO
Board Committees
- 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
- M/s. KPMG Taseer Haadi and Co., Chartered Accountants-Auditor
- 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
- myABL Digital Banking
- myABL Personal Internet Banking
- Voice Assisted Banking with myABL
- myABL Personal Finance Management
- Biometric ATM Service
- Branch POS Facility
- Pay Anyone
- Allied Bank Open-Banking
- Self-Card Activation Service for Prepaid and Debit Cards
Debit and Credit Cards
- Allied Visa Premium Debit-Card
- Allied Visa Classic Debit-Card
- Allied Visa Credit-Card
- Allied Basic Debit-Card
- Secure Online Shopping
- Deals & Discounts
- Allied EZCash Prepaid-Card
Everyday Accounts
- Current Account
- Allied Asaan Account
- Allied Youth Account
- Allied Rising Star
- Allied Express Account
- Allied Bharosa Account
- Allied Senior Citizen Account
Awards and Recognitions
2020 Awards
- Award for Best Phone Banking Application
- Award for Best Digital-Innovation
- Award for Corporate Excellence
- Award for Best Application & Web-Enabled Market
2019 Awards
- Award for Best Bank of 2018
- Award for Best Primary-Dealer for the Year 2018-2019
- Award for Best Corporate-Report
2018 Awards
- Award for being Pakistan’s Best Bank
- Pakistan’s Best Loan-Advisor
- Award for Corporate Excellence
- Award for Best Corporate-Report
2017 Awards
- Bank of Year Award
- Best Investment and Corporate Bank
- Award for Corporate Excellence
- Best Bank in the Islamic Finance
- Listed Among Top Twenty-Five Companies
- Best Institutional and Corporate Bank
2016 Awards
- Award for Pakistan’s Best Loan-House
- Best Institutional and Corporate Bank
2005-2016 Awards
- Pakistan’s Best Equity-House in the Year 2008
- Award for Pakistan’s Best Investment-Bank in 2013
- Pakistan’s Best Retail Bank in the Year 2011
- Award for 2013’s Best Domestic-Investment Bank
- 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:
- Upholding Compliance & Law
- Punctuality
- Honesty
- Sense of Responsibility
- Restriction on Political Involvements
- Avoid Harassment & Discrimination
- Restriction on Pranks and Practical Jokes
- Customer Information’s Privacy
- Confidentiality
- Restriction on Use of Drugs
Social Media Handles
https://www.facebook.com/alliedbankpk
https://www.instagram.com/ablpk/