Allied Bank Limited

The principal activity of Allied Bank Limited (ABL) is the provision of banking and financial services. ABL offers a comprehensive range of products and services aimed at individuals, businesses, SMEs, the agricultural sector and institutions. Its offering includes:- Bank accounts: current accounts, savings accounts, digital accounts, accounts for youth, women, seniors, freelancers, and specialized accounts (notably for the Pakistani diaspora via Roshan Digital Account).- Digital services: online banking (myABL), mobile application, e-wallet (myABL Wallet), banking via WhatsApp, digital lockers, and digital payment solutions (Allied Pay).- Bank cards: debit cards (Visa, UnionPay, PayPak), credit cards (Visa Gold, Platinum), virtual cards and partner discount offers.- Loans and financing: personal loans, mortgage loans, auto loans, financing for the purchase of solar panels, electric motorcycles, and financing solutions for SMEs, businesses and farmers.- Bancassurance: life insurance products, savings, retirement and investment plans in partnership with insurance companies.- Treasury and investment services: treasury management, foreign exchange, term deposits, investment banking and corporate finance services.- Money transfer services: receipt of international transfers, remittances, solutions for the diaspora and remittance tracking.- Islamic banking: products and services compliant with Islamic finance, including accounts, financing, investments and Takaful insurance.ABL’s target market is very broad: individuals (all age groups and statuses), businesses of all sizes, farmers, entrepreneurs, public and private institutions, as well as the Pakistani diaspora abroad. The bank positions itself as an innovative, digital and inclusive player, recognized by numerous awards for its technological solutions and its commitment to diversity and inclusion.

History and key milestones in the development of Allied Bank Limited (ABL)

Allied Bank Limited (ABL) is one of the oldest and largest commercial banks in Pakistan. Its history dates back to 1942, when it was founded as Australasian Bank in Lahore. After the independence of Pakistan, the bank was renamed Allied Bank Limited in 1974.

Key milestones in its development:

• 1942: Founded as Australasian Bank in Lahore.
• 1974: Nationalization and name change to Allied Bank Limited.
• Privatization: ABL was one of the first Pakistani banks to be privatized in the 1990s, marking a major strategic shift towards modernization and expansion.
• Development of products and services: ABL has consistently innovated by launching products tailored to individuals, businesses, and institutions, notably in digital banking (myABL Digital Banking, myABL Wallet, WhatsApp Banking, Metaverse Banking, etc.), payment cards (Visa, UnionPay, PayPak), and financing solutions for housing, automobiles, agriculture, and SMEs.
• Expansion into Islamic banking: Launch of the Allied Aitebar Islamic Banking range, which has received several awards for its Islamic digital solutions.
• Partnerships and innovations: ABL has multiplied partnerships for international remittances (Remitly, Dex Remit, IME), bancassurance, and has introduced innovative services such as digital safe deposit boxes, banking via WhatsApp, and the integration of humanoid robots (Pepper) in its branches.
• Awards and recognition: ABL has received numerous national and international awards, including "Bank of the Year" (The Banker, UK), "Best Digital Bank" (Euromoney), "Best Islamic Digital Bank," and several distinctions for diversity, inclusion, and technological innovation (FinanceAsia, Pakistan Digital Awards, GDIB Awards).
• Social commitment: The bank also stands out for its commitment to social responsibility, diversity, inclusion, and support for women’s and youth entrepreneurship.

Today, Allied Bank Limited is recognized for its leadership in banking digitalization, the diversity of its products, its extensive network, and its commitment to innovation and customer satisfaction.
Source: https://www.abl.com/

The founder of Allied Bank Limited (ABL) is Khawaja Bashir Baksh. Regarding the current management team, the main members include:

• Aizid Razzaq Gill – Chief Executive Officer (CEO)
• Imran Maqbool – Former Chief Executive Officer
• Syed Muhammad Ali – Chief Financial Officer (CFO)
• Shahzad Ishaq – Chief Risk Officer
• Syed Talib Hussain – Chief Compliance Officer

These executives play a key role in the management and strategy of the bank.