Ibrahim Group

Allied Bank is part of the Ibrahim Group, one of the largest industrial conglomerates in Pakistan with business in textile, trading, polyester fibres, energy and financial services sectors. ABL was incorporated in Lahore before independence in 1942 as Australasia Bank and was renamed as Allied Bank of Pakistan Limited in 1974 and Allied Bank Limited in 2005.

Following the takeover of its management control by the Group in 2004 and subsequent merger of Ibrahim Leasing into Allied Bank in 2005, the board formulated comprehensive strategic priorities to address the needs to run a world class financial institution.

Today the Bank stands on a solid foundation of over 65 years of its existence having a strong equity, assets and deposits base offering universal banking services with higher focus on retail banking. Allied Bank's paid up Capital & Reserves amount to Rs. 18.4 billion, deposits exceeding Rs. 263 billion and total assets equaling Rs. 320 billion as at June 30th, 2007. Allied Bank is one of the largest banks in Pakistan, offering various technology based products and services including real-time online banking to its diversified clientele through its network of more than 750 branches in over 300 cities and towns. The bank leads the way by having the largest network of 450 ATMs in more than 145 cities and towns across Pakistan. Allied Bank's story is one of dedication, commitment to professionalism, adaptation to changing environmental challenges resulting into all round growth and stability.

Based on its impressive financial performance and significant improvement in areas of risk management and corporate governance the Pakistan Credit Rating Agency (PACRA) assigned the long term rating of Allied Bank to AA (double A) and short-term rating to A1+ (A one plus) and a Corporate Governance Rating of 8 by JCR-VIS denoting high level of corporate governance.