Allied Bank Limited Pakistan

Key details

• Parent: assets

Overview

Allied Bank Limited Pakistan is PSX: ABL + Pakistani commercial bank + Ibrahim Group Pakistani conglomerate Sheikh Mukhtar Ahmed family controlling + one of Pakistan's largest commercial banks by assets + founded Dec 3 1942 as Australasia Bank then 1974 Allied Bank rebrand post-nationalization ^{1, Pakistan report}.

History

Dec 3 1942 — Australasia Bank founded in Lahore (then British India) distinctive Pakistani banking heritage.

1974 — Australasia Bank renamed Allied Bank post-nationalization by Pakistani government.

2004 — Allied Bank privatised + 2005 Ibrahim Group Pakistani conglomerate acquisition.

2014 — myABL Bank mobile banking app launch.

Ownership & operator

Operating entity: Allied Bank Limited ABL (Pakistani commercial bank; PSX: ABL).

Major shareholders: Ibrahim Group (Pakistani conglomerate; Sheikh Mukhtar Ahmed family controlling) ~85%+ controlling + Pakistani retail + institutional + foreign investors free float.

Regulators: SBP State Bank of Pakistan.

Technical integration

myABL Bank mobile app (iOS + Android) + abl.com online + Allied Bank Limited branch network across Pakistan + Allied Visa + Mastercard cards; PK IBAN + Raast + Pak-QR.

Implementations & partners

Major Pakistani banking + payments competitors: Habib Bank Limited (HBL) (HBL Habib Bank; PSX: HBL; Pakistan's largest commercial bank by assets) + UBL United Bank Limited Pakistan (United Bank Limited UBL; PSX: UBL) + MCB Bank Pakistan (MCB Bank; PSX: MCB; Nishat Group Pakistani conglomerate parent) + Meezan Bank (Meezan Bank; PSX: MEBL; Pakistan's largest Islamic bank by assets) + Askari Bank (Askari Bank Limited; PSX: AKBL; Pakistani commercial bank) + Bank Alfalah (Alfa App) (Bank Alfalah; PSX: BAFL; Pakistani commercial bank) + Faysal Bank (Faysal Bank; PSX: FABL; Pakistani Islamic bank) + Standard Chartered Pakistan (Standard Chartered Pakistan; LSE: STAN + SEHK: 2888) + Easypaisa (Easypaisa; Telenor Pakistan + Ant Group JV mobile money + bank) + JazzCash (JazzCash; Mobilink/VEON Pakistani mobile money).

Regulators: SBP State Bank of Pakistan.

Status

Active, PSX:ABL + Pakistani commercial bank + Ibrahim Group Pakistani conglomerate Sheikh Mukhtar Ahmed family controlling + one of Pakistan's largest commercial banks by assets + founded Dec 3 1942 as Australasia Bank then 1974 Allied Bank rebrand post-nationalization ^{1, 2}.

Sources

• 1 Allied — official
• 2 Allied — Wikipedia
• ^{Pakistan report} In-corpus: reports/countries/PK-pakistan.md

Source

Biography extracted from allied-bank-pakistan.md. See matrix.md for standards-support matrix if present.