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June 29, 2022. (For the period 20212022) 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.
How many total branches of Allied Bank are there in Pakistan?
To become a dynamic and efficient bank providing integrated solutions in order to be the first-choice bank for the customers.
Who is the owner of Allied Bank?
It is a subsidiary of the Ibrahim Group.
What is the rating of Allied Bank Limited?
In August 2004, SBP under Scheme of Reconstruction transferred its ownership to a consortium of Ibrahim Group. Consequently, the new management renamed the entity as Allied Bank Limited in 2005.
Who owns Allied Bank Limited?
Ibrahim Holdings (Private) Ltd. Allied Bank Limited / Parent organization
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People also ask
What is the background of Allied Bank?
Allied Banks origins trace back to 1942, when it was founded in Lahore under the name Australasia Bank, prior to the independence of Pakistan. In 1974, it was renamed Allied Bank of Pakistan following nationalization.
Who bought Allied Bank?
On February 9, 2013, the PNBAllied Bank merger was completed, with Philippine National Bank as the surviving brand. The merged bank became the fourth largest private domestic bank. Tarriela became the chairman and Mier the chief executive of the merged bank.
Is Allied Bank Islamic or not?
Allied Banks Islamic division, Allied Aitebar, is recognized as one of the best Islamic banks in Pakistan due to its wide network, Shariah-compliant products, dedicated Islamic branches, and seamless digital services.
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ACKNOWLEDGEMENTS
In preparing the report, substantial information was solicited from our Embassies abroad. Drafts of the report were circulated through the interagency Trade
Bank Negara Malaysias Guidelines on Financial Reporting for Islamic Banking Institutions and also in the Operational Risk Integrated Online Network system
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