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Allied Bank Limited (Pakistan)

Main Activities: Commercial Banking
Full name: Allied Bank Limited Profile Updated: March 26, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Allied Bank Limited is a Pakistani commercial bank, established in 1942 in Lahore under the name Australasia Bank. In August 2004, as a result of a capital reconstruction, the bank’s ownership was transferred to a consortium led by Ibrahim Group, therefore changed its name to Allied Bank Limited. The Bank has one of the largest network of online branches in Pakistan and offers various technology-based products and services to its diverse clientele. Its services include deposit and lending products, conventional and Islamic leasing, trade finance and home remittances. It has its 1,025 ATMs and 1,050 branches, including 27 Islamic branches, one free zone branch and a wholesale baking branch in Bahrain. The bank went public on the stock exchange in 2005.

Headquarters
3 Tipu Block, New Garden Town, Postal Code 54000
Lahore; Punjab; Postal Code: 54000

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Website: http://www.abl.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1942
Key Executives
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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0.547%
Subsidiaries
Abl Asset Management Company Limited
100%
Saif Power Limited
3.594%
Company Performance
Financial values in the chart are available after Allied Bank Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PKR. Absolute financial data is included in the purchased report.
Net interest income
69.26%
Operating profit (EBIT)
83.5%
Net Profit (Loss) for the Period
94.38%
Total assets
3.51%
Total equity
51.48%
Total Assets Trend
-8.46%
Net Interest Income Trend
22.84%
Loans to Deposits Ratio
-8.95%
Loans to Asset Ratio
-4%

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