Allied bank limited
Head office contact details of the bank
Allied Bank, with its registered Office in Lahore, is one of the largest banks within the country with over 1350 branches and ATMs. It was the first Muslim bank established in Pakistan before independence (1942) with the name of Australasia Bank. It was named as Allied Bank of Pakistan from Australasia Bank Limited in 1974, and Sarhad Bank Ltd, Lahore Commercial Bank Ltd and Pak Bank Ltd were also merged in it.
|Name||Allied bank limited|
|Address||Allied Bank Limited, 4th Floor, Plot No. 74, Sheet GK-7, M.W. Tower, M.A. Jinnah Road, Karachi, Pakistan|
History of Allied bank
|Public (PSX: ABL)|
|Industry||Finance and insurance|
|Founded||as “Australasia Bank”, 1942
|Founder||Khawaja Bashir Baksh|
|Revenue||75 billion PKR|
ABL is the first Muslim Bank established on territory that later on became Pakistan. It was established on December 3, 1942, as Australasia Bank at Lahore with capital of 0.12 million by Kashmiri silk trader Khawaja Bashir Baksh.
The bank’s history is divided into many phases. During 25 years of united Pakistan the bank advanced forward in all areas of its activities. 1970’s were a difficult decade for all banks of Pakistan. In 1971 East Pakistan was separated and Australasia Bank lost its 50 branches and a lot of capital as well. Nevertheless, the growth remained steady.
In 1974, all the banks were nationalized including Australasia Bank. The small provincial banks were merged into Australasia Bank. On 1 July 1974 the new entity was renamed as Allied Bank of Pakistan Limited. Then it started its operations as a public sector financial institution.
The bank provides its customer various products and services, to cater their need for investments, and other social or business necessities. These Product and Services offered by the bank are as follows:
Under Personal Banking, ABL offers Everyday Accounts, Lifestyle Banking, Savings & Term Deposits, Credit & Debit Cards, Domestic Remittance, Bancassurance, and Digital Banking Services (including myABL Personal Internet Banking, myABL Mobile App, myABL FonePay App and SMS Banking).
Under Business Banking, ABL offers Corporate & Investment Banking, Transaction & Business Accounts, Home Remittances to Pakistan, Cash Management Solutions, Trade Services, SME Financing, Agriculture Financing, Business Internet Banking.
In September 2018, ABL opened its Shariah-compliant Aitbaar Islamic Banking service through its 117 dedicated Islamic banking branches network across 53 major cities of Pakistan.
Other services offered by Allied Bank include Extended Hours Banking, Online Banking, Safe Deposit Lockers, Utility Bills Payments, Allied Phone Banking, Customer Support and car Financing.
Allied Bank maintains its reputation for innovation in operations and embracing new technologies in the banking sector of Pakistan. Their current suite of Digital Banking services comprises
- myABL Digital Banking (including myABL Personal Internet Banking and myABL Business Internet Banking)
- Allied SMS Banking
- myABL Mobile App (Android and iOS)
- myABL FonePay App (Android and iOS)
- Automated Teller Machines (ATMs)
- Transactional Alerts Facility
- Phone Banking
Awards and recognition
- Islamic Finance Excellence Award to Allied bank Limited by the Government of Punjab, Pakistan in 2017
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