Allied Bank Limited was the first bank to be established in Pakistan.
The Bank started out in Lahore by the name Australasia Bank before independence in 1942; and became Allied Bank of Pakistan in 1974. In August 2004, because of capital reconstruction, the Bank’s ownership was transferred to a consortium comprising Ibrahim Group; therefore, it was renamed as Allied Bank Limited in 2005. Today, with its existence of over 75 years, the Bank has built itself a foundation with a strong equity, assets and deposit base. It offers universal banking services, while placing major emphasis on retail banking. The Bank has a large network of over 1425 online branches & 1500+ ATMs in Pakistan and offers various technology-based products and services to its diverse clientele.
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.
| 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: | 111-225-225 |
| E-mail: | [email protected] |
Parent Company |
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| Ibrahim Holdings (Private) Limited | |
Associated Companies |
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| Ibrahim Fibres Limited | Ibrahim Welfare Foundation |
| Ibrahim Holdings (Private) Limited | Ibrahim Agencies (Private) Limited |
Subsidiary Companies |
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| ABL Asset Management Company | ABL Exchange (Private) Limited |
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ABL-Shareholding-Pattern-as-of-December-31-2022
ABL-Shareholding-Patter-as-of-December-31-2021
ABL-Shareholding-Patter-as-of-December-31-2020
ABL-Shareholding-Patter-as-of-December-31-2019
ABL-Shareholding-Patter-as-of-December-31-2018
ABL-Shareholding-Patter-as-of-December-31-2017
ABL-Shareholding-Patter-as-of-December-31-2016
ABL-Shareholding-Patter-as-of-December-31-2015
ABL-Shareholding-Patter-as-of-December-31-2014
ABL-Shareholding-Patter-as-of-December-31-2013
| Legal Advisor | Auditors |
|---|---|
| M/s. Mandviwalla & Zafar Advocates | M/s. EY Ford Rhodes, Chartered Accountants |
Membership of Industry Association & Trade Bodies
In the Extra-Ordinary General Meeting of the Shareholders of Allied Bank Limited held on August 27, 2024 following persons are 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 State Bank of Pakistan):
Next election will be due in August 2027; related information would be uploaded on this link in accordance with the regulatory timelines.
Name and Address of Share Registrar 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 2023-2024) The Pakistan Credit Rating Agency (PACRA) has maintained 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 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 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 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 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 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 Long-Term Ratings of Allied Bank Limited “AAA” (Triple A) while the Short-Term Rating of the Bank is already at the highest level of “A1+” (A One plus).
(For the year ending December 2016)The Pakistan Credit Rating Agency (PACRA) has maintained Long-Term Ratings of Allied Bank Limited “AA+” (Double A plus) while the Short-Term Rating of the Bank is already at the highest level of “A1+” (A One plus).
(For the year ending December 2015)The Pakistan Credit Rating Agency (PACRA) has maintained Long-Term Ratings of Allied Bank Limited “AA+” (Double A plus) while the Short-Term Rating of the Bank is already at the highest level of “A1+” (A One plus).
(For the year ending December 2014)The Pakistan Credit Rating Agency (PACRA) has maintained Long-Term Ratings of Allied Bank Limited “AA+” (Double A plus). The Short-Term Rating of the Bank is already at the highest level of “A1+” (A One plus).
(For the year ending December 2013)The Pakistan Credit Rating Agency (PACRA) has maintained Long-Term Ratings of Allied Bank Limited “AA+” (Double A plus). The Short-Term Rating of the Bank is already at the highest level of “A1+” (A One plus).
(For the year ending December 2012)The Pakistan Credit Rating Agency (PACRA) has maintained Long-Term Ratings of Allied Bank Limited “AA+” (Double A plus). The Short-Term Rating of the Bank is already 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 give to any entity. The rating signifies very high level of corporate governance.
The corporate governance ratings are based on evaluation of key governance areas including regulatory compliance, ownership structure, composition and operations of the Board of Directors, financial transparency and stakeholders’ relationship.
(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 rating company usually does not give to any company. The rating signifies 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 only one notch below the highest level of 10 and signifies very high level of Corporate Governance. The corporate governance ratings are based on evaluation of key governance areas including regulatory compliance, ownership structure, composition and operations of the Board of directors and executive management, self-regulation, financial transparency, and relationship with the stakeholders.
(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 ranging from CGR-1 (lowest) to CGR-10 (highest). The ratings assigned to ABL reflects very high level of corporate governance practices instituted in the bank underpinned by 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+”. This rating is based on a scale ranging from CGR-1 (lowest) to CGR-10 (highest). The ratings assigned to ABL reflects very high level of corporate governance practices instituted in the bank underpinned by sound internal control environment, financial transparency and regulatory compliance.
(For the year ending December 2017)JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Corporate Governance Rating of Allied Bank Limited (ABL) at “CGR-9+”. This rating is based on a scale ranging from CGR-1 (lowest) to CGR-10 (highest). The ratings assigned to ABL reflects very high level of corporate governance practices instituted in the bank underpinned by sound internal control environment, financial transparency and regulatory compliance.
(For the year ending December 2016)JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Corporate Governance Rating of Allied Bank Limited (ABL) at “CGR-9+”. This rating is based on a scale ranging from CGR-1 (lowest) to CGR-10 (highest).
(For the year ending December 2015)JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the corporate governance rating of Allied Bank Limited (ABL) from “CGR-9” to “CGR-9+”. This rating is based on a scale ranging from CGR-1 (lowest) to CGR-10 (highest).
(For the year ending December 2014)The JCR – VIS Credit Rating Company has reaffirmed Corporate Governance Rating of Allied Bank Limited as CGR-9, denoting ‘very high level of corporate governance’. The rating is based on the scale ranging from CGR-1 (lowest) to ‘CGR-10’ (highest).
(For the year ending December 2013)The JCR – VIS Credit Rating Company has reaffirmed Corporate Governance Rating of Allied Bank Limited as CGR-9, denoting ‘very high level of corporate governance’. The rating is based on the scale ranging from CGR-1 (lowest) to ‘CGR-10’ (highest).
(For the year ending December 2012)JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the Corporate Governance Rating of Allied Bank Limited (ABL) from‘CGR-8++’ to ‘CGR-9’, denoting ‘very high level of corporate governance’. This rating is based on the scale ranging from ‘CGR-1’ (lowest) to ‘CGR-10’ (highest). Corporate governance ratings are based on evaluation of key governance areas of the rated institution, which include regulatory compliance; board oversight; management profile; self regulation; financial transparency and relationship with stakeholders. The rating incorporates ABL’s commitment to adopt best practices with respect to corporate governance, as also stipulated in the revised Code of Corporate Governance (CCG) introduced by the Securities & Exchange Commission of Pakistan. ABL has achieved compliance with most of required changes stipulated in the new CCG.
Consequent to principal redemption and profit payment under the Call Option (early redemption) of the ABL TFC-II, the same will be delisted from Karachi Stock Exchange w.e.f. Wednesday, October 14, 2015.
The rating of the unsecured, listed and subordinated TFC-II (PKR 3,000 Million) has been maintained “AA” (Double A) by the Pakistan Credit Rating Agency (PACRA).
The rating of the unsecured, listed and subordinated TFC-II (PKR 3,000 Million) has been maintained “AA” (Double A) by the Pakistan Credit Rating Agency (PACRA).