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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:

Vision

To become a dynamic and efficient bank providing integrated solutions in order to be the first choice bank for the customers.

Mission
  • To provide value-added services to our customers.
  • To provide high-tech innovative solutions to meet customers’ requirements.
  • To create sustainable value through growth, efficiency and diversity for all stakeholders.
  • To provide a challenging work environment and reward dedicated team members according to their abilities and performance.
  • To play a proactive role in contributing towards the society.
Core Values
  • Integrity
  • Excellence in Service
  • High Performance
  • Innovation and Growth

  • Enhancing brand image and creating shareholders’ value through sustainable performance, while optimizing return against acceptable risk appetite.
  • Augmenting financial inclusion of unbanked population through innovative and diversified technologies, building customers’ confidence through convenient delivery channels and product designs.
  • Continuous re-engineering of policies, procedures, SOPs, SLAs and TATs, ensuring operational efficiencies through effective management of key resources.
  • Instilling a culture of ethics and responsibility among human resource and becoming an ‘Employer of Choice’ for the Top Professionals.

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

Ibrahim Holdings (Private) Limited

Associated Companies

Ibrahim Fibres LimitedIbrahim Welfare Foundation
Ibrahim Holdings (Private) LimitedIbrahim Agencies (Private) Limited

Subsidiary Companies

ABL Asset Management CompanyABL Exchange (Private) Limited

Legal AdvisorAuditors
M/s. Mandviwalla & Zafar AdvocatesM/s. EY Ford Rhodes, Chartered Accountants

Awards & Recognitions

Membership of Industry Association & Trade Bodies

  • Pakistan Banks Association
  • Management Association of Pakistan
  • Pakistan Business Council
  • Karachi Chamber of Commerce & Industry
  • Lahore Chamber of Commerce & Industry
  • Pakistan Agriculture Coalition
  • Pakistan Institute of Corporate Governance

Announcements/ News updates

In the Extra-Ordinary General Meeting of the Shareholders of Allied Bank Limited held on August 27, 2021 and following persons elected as Directors of Allied Bank Limited for a period of three years effective from August 27, 2021:

  1. Mohammad Naeem Mukhtar
  2. Sheikh Mukhtar Ahmad
  3. Muhammad Waseem Mukhtar
  4. Abdul Aziz Khan
  5. Zafar Iqbal
  6. Nazrat Bashir
  7. Mubashir A. Akhtar

Next election will be due in August 2024; 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]

Entity Ratings of Allied Bank by PACRA

June 23, 2023

(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.

June 29, 2022

(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.

June 23, 2021

(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.

July 1, 2020

(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.

June 30, 2018

(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).

June 30, 2017

(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).

July 01, 2016

(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).

July 01, 2015

(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).

June 27, 2014

(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).

July 07, 2013

(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).

Corporate Governance Ratings by VIS

October 25, 2023

(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.

December 22, 2021

(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.

December 22, 2020

(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.

April 02, 2020

(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.

February 11, 2019

(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.

January 19, 2018

(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).

November 09, 2016

(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).

December 04, 2015

(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).

November 28, 2014

(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).

October 22, 2013

(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.

TFC-II Ratings of Allied Bank by PACRA

October 12, 2015

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.

July 01, 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).

July 07, 2014

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).

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