Allied Bank of Pakistan:
Allied Bank, with its registered office in Lahore,
is one of the largest banks within the country with more
than 1350 branches and ATMs.
Before independence (1942) it was the first Muslim bank to be established
in Pakistan by the name of Australia Bank.
It was designated Allied Bank of Pakistan from Australia Bank Limited in 1974,
and it also merged with Sardarbank Limited,
Lahore Commercial Bank Limited and Pak Bank Limited.
14 scheduled banks were taken over by the government,
Under the Nationalization Act of 1974.
The Australian Bank’s Board of Directors was dissolved
and the bank was renamed the Aid Bank of Pakistan Limited. Sarmad Bank,
Lahore Commercial Bank and Pakistan Bank Limited were merged with Australia Bank.
At the time of this merger, ABL was the second largest bank of all banks nationalized in 1974.
In November / December 1990, the government announced
its commitment to the rapid privatization of the banking sector.
The management of Allied Bank, headed by Khalid Latif,
decided to react positively to this challenge.
As a result of privatization in September 1991,
the Allied Bank entered into a new phase of its history,
as the world’s first bank is managed and owned by its employees.
Allied Bank’s assets were PKR 87.536 billion and deposits were PKR 76.038 billion.
Allied bank gained a favorable position in Pakistan’s financial sector
and was recognized as one of the best banks in the country.
In August 2004, as a result of the reconstruction of the capital,
the ownership of the bank was transferred to the Abraham Leasing Limited
and the Consortium of the Abraham Group.
Allied Bank Products:
The Bank offers its customers various products and services to meet investment,
and other social or business needs. The following are the products and services offered by the bank:
Under Personal Banking, ABL provides daily accounts,
lifestyle banking, savings and term deposits, credit and debit cards,
home remittances, banking, and digital banking services
(including MyABL Personal Internet Banking, May ABL Mobile). App, MablPhone Pay App and SMS Banking).
Under Business Banking, ABL offers Corporate & Investment Banking,
Transaction & Business Accounts, Domestic Remittances to Pakistan,
Cash Management Solutions, Trade Services, SME Financing,
Agricultural Financing, Business Internet Banking.
In September 2018, ABL opened Sharia-compliant Islamic banking service
in 53 major cities of Pakistan through its network of 117 dedicated Islamic banking branches.
Other services offered by Allied Bank include extended-time banking,
online banking, safety deposit lockers, utility bill payments,
allied phone banking, customer support and car financing.
Bank maintains its reputation in the banking sector of Pakistan
for innovation and adoption of new technologies.
Contains their current set of digital banking services.
Allied Bank Jobs in Pakistan:
Find Latest Allied Bank Jobs. Keep visiting https://www.govtjobsinpakistan.com/