Allied Bank Limited

Allied Bank Limited
Company typePublic
PSXABL
KSE 100 component
IndustryBanking
Founded3 December 1942; 82 years ago (1942-12-03)
Lahore, Pakistan as "Australasia Bank"
Headquarters
Lahore-54000
,
Pakistan
Key people
  • Mohammad Naeem Mukhtar (chairman)
  • Aizid Razzaq Gill (CEO)
ProductsFinancial services
RevenueIncrease Rs. 381.73 billion (US$1.3 billion)[1] (2023)
Increase Rs. 85.76 billion (US$300 million)[1] (2023)
Increase Rs. 40.68 billion (US$140 million)[1] (2023)
Total assetsIncrease Rs. 2.32 trillion (US$8.0 billion)[1] (2023)
Total equityIncrease Rs. 194.25 billion (US$670 million)[1] (2023)
Number of employees
10528[1] (2023)
ParentIbrahim Group
Websitewww.abl.com

Allied Bank Limited (ABL) is a Pakistani commercial bank headquartered on Main Boulevard, New Garden Town, Lahore, along with its asset management division, ABL Funds, and Islamic banking division, ABL Aitebar. It is a subsidiary of the Ibrahim Group.[2][3]

The bank was established in 1942 as Australasia Bank. In 1974, it was renamed Allied Bank of Pakistan following its nationalization, during which Sarhad Bank, Lahore Commercial Bank, and Pak Bank were merged into it. As of 2025, Allied Bank Limited is the 7th largest bank in Pakistan by market capitalization and serves about 7% of all Pakistani bank deposits.[4][5]

Allied Bank Limited was named "Pakistan's Best Digital Bank" by Euromoney and "Best Domestic Bank of Pakistan" by FinanceAsia in 2024.[6]

  1. ^ a b c d e f "Allied Bank Annual Report 2023" (PDF). abl.com. Retrieved 26 March 2024.
  2. ^ Cite error: The named reference Dawn was invoked but never defined (see the help page).
  3. ^ "Company Information". Allied Bank. Retrieved 13 February 2025.
  4. ^ "Pakistan Banking Sector Results 2023" (PDF). KPMG.{{cite web}}: CS1 maint: url-status (link)
  5. ^ "Largest Pakistani (KSE) Banks Stocks by Market Cap". Simply Wall St. Retrieved 11 February 2025.
  6. ^ "Best Digital Bank | Awards and Recognition". Allied Bank. Retrieved 11 February 2025.

From Wikipedia, the free encyclopedia · View on Wikipedia

Developed by Nelliwinne