Allied Bank Limited
Allied Bank (ABL)(الائیڈ بینک لمیٹڈ) is the fifth largest commercial bank in Pakistan and is a subsidiary of the Ibrahim Group. Allied Bank with its registered office in Lahore is one of the largest banks within the country with over 1,500 branches and ATMs.
| Company type | Public |
|---|---|
Traded as | PSX: ABL |
| Industry | Finance and insurance |
| Founded | as "Australasia Bank", 3 December 1942 Lahore, Pakistan |
| Headquarters | Lahore-54000 , Pakistan |
Key people | |
| Products | Financial services |
| Revenue | Rs. 381.73 billion (US$1.3 billion) (2023) |
| Rs. 85.76 billion (US$300 million) (2023) | |
Net income | Rs. 40.68 billion (US$140 million) (2023) |
| Total assets | Rs. 2.32 trillion (US$8.0 billion) (2023) |
| Total equity | Rs. 194.25 billion (US$670 million) (2023) |
Number of employees | 12,528 (2023) |
| Parent | Ibrahim Group |
| Website | www |
It was the first Muslim bank established before Pakistan got independence in 1942 with the name of Australasia Bank. It was renamed to 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.
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