Allied Bank is located in Lahore, Punjab, Pakistan. It was established in 1942 before independence, Allied Bank Limited is one of the largest banks in Pakistan with 735 Branches connected to an online network. In August 2004 the Bank was restructured and the ownership was transferred to Ibrahim Group.
History
Established in December 1942 as the Australasia Bank at Lahore with a paid-up share capital of PKR 0.12 million under the Chairmanship of Khawaja Bashir Bux, and his business associates, including Abdul Rahman Malik who was amongst the original Board of Directors, the bank had attracted deposits, equivalent to PKR 0.431 million in its first eighteen months of business. Total assets then amounted to PKR 0.572 million. Today Allied Bank's paid up Capital & Reserves amount to Rs. 10.5 billion, deposit exceeded Rs. 143 billion and total assets equal Rs. 170 billion. The Allied Bank's story is one of dedication, commitment to professionalism, adaptation to changing environmental challenges resulting into all round growth and stability, envied and aspired by many.
Functions
Services
Allied Bank offers the following services to its customers:
* Home Remittances
* Remittances
* Hajj Services
* Utility Bills
* Lockers
* Commodity Operation
However, the quality of services and network remains pathetic. The Bank has to do a lot in terms of improving its customer management.
Internet Banking:
Online Banking facilities are available to customers maintaining accounts at all online branches across the country. The following facilities are available:
* Cash Deposit for immediate credit to remote branch.
* Remote Cheque Encashment from any online branch.
* Instant Funds Transfer between any 2 online branches.
* Remote Balance Enquiry and Statement of Account.
Board of Directors
* Muhammad Aftab Manzoor - Director/President & CEO
* Mohammad Naeem Mukhtar Chairman
* Sheikh Mukhtar Ahmed - Director
* Mohammad Waseem Mukhtar - Director
* Abdul Aziz Khan - Director
* Sheikh Jalees Ahmed - Director
* Farrakh Qayum - Director
* Nazrat Bashir - Director
* Tasneem M Noorani - Director
* Mubashir A Akhtar - Director
* Kamal Monnoo - Director
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