Allied Bank Limited: Annual Report 2016 - IslamicMarkets-2025

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To become a dynamic and efficient bank providing integrated solutions in order to be the first choice bank for the customers.
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.
Nadir Darrah was named Citi Chief Auditor in March 2022 and has over 25 years of audit experience.
(For the period 2021-2022)The Pakistan Credit Rating Agency (PACRA) has maintained Long-Term and Short Term Ratings of Allied Bank Limited as AAA (Triple A) and A1+ (A One plus), respectively.
Allied Bank was established on 3 December 1942, as Australasia Bank at Lahore with an initial capital of Rs 120,000 by Khawaja Bashir Bux, the son of a silk trader. Khawaja Bashir Buxs father, who was originally from Kashmir, had settled in Lahore after being orphaned at a young age.
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This Annual Report is published within three months of the date of the Statement of Financial Position. Independent External Auditors, Messrs KPMG have assured the Groups Financial Statements.
Independent External Auditors, Messrs KPMG have assured the Groups Financial Statements.
Besides holding the position of Chairman Allied Bank Limited, he is also the Chief Executive Officer of M/s Ibrahim Fibres Limited, Director, M/s Ibrahim Agencies (Pvt.) Limited and Member Board of Governors of National Management Foundation, the parent body of Lahore University of Management Sciences (LUMS).

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