We take pride to be part of the Allied Family, the group with a magnificent and fulfilling history. Here is a little bit more about our parent bank- Allied Bank Limited.
ABL Asset Management Company is the wholly owned subsidiary of Allied Bank Limited, the first bank to be established in Pakistan. Allied Bank's story is one of dedication, commitment to professionalism, adaptation to changing environmental challenges resulting into all round growth and stability.
The Bank started out in Lahore by the name Australasia Bank before independence December 03, 1942; and became Allied Bank of Pakistan in 1974. In August 2004, the Bank’s ownership was transferred to a consortium comprising Ibrahim Group; therefore, it was renamed as Allied Bank Limited in 2005.
Allied Bank is part of the Ibrahim Group, one of the largest industrial conglomerates in Pakistan with business in textile, trading, polyester fibers, energy and financial services sectors. The established position, reputation, strength and stability of the group add significant value to the Bank through Board representation and applied synergies.
Based on its impressive financial performance and significant improvement in areas of risk management and corporate governance The Pakistan Credit Rating Agency (PACRA) has upgraded Long-Term Ratings of Allied Bank Limited “AAA” (Triple A) while the Short-Term Rating of the Bank is already at the highest level of “A1+” (A One plus).
Today with an experience of over 75 years, Allied Bank has built itself a foundation with a strong equity, assets and deposit base. It offers universal banking services, while placing major emphasis on retail banking. The Bank has a large network of over 1259 online branches and ATMs in Pakistan and offers various technology-based products and services to its diverse clientele.
You may visit their website for more details: www.abl.com.
