Allied Bank Limited provides various banking products and services in Pakistan, the Middle East, and China. The company offers current and savings accounts; savings and term deposits; transaction and business accounts; bancassurance services; remittance services; trade services; treasury services; asset and cash management solutions; and car, home, SME, personal, solar system, electric bike, consumer, and agriculture financing services. It also provides corporate banking services, including working capital loans, term loans, trade finance facilities, letters of guarantee and credit, fund transfers, bill discounting, export financing, and receivable discounting services; investment banking services, such as debt syndications and capital market solutions, commodity financing, and project financing and corporate advisory services; and Islamic banking products and services. In addition, the company offers credit and debit cards; and automated teller machine (ATM), safe deposit locker, utility bill payment, customer support, foreign exchange, and other services, as well as internet, mobile, phone, and online banking. It operates Islamic banking branches, a branch in Karachi Export Processing Zone, and a wholesale banking branch in Bahrain, as well as ATMs. The company was formerly known as Allied Bank of Pakistan and changed its name to Allied Bank Limited in 2005. Allied Bank Limited was incorporated in 1942 and is headquartered in Lahore, Pakistan. Allied Bank Limited operates as a subsidiary of Ibrahim Holdings (Private) Ltd.
Pakistani Market Performance
7D7 Days: 1.5%
3M3 Months: 20.9%
1Y1 Year: 59.7%
YTDYear to Date: 12.4%
The market is up 1.5% over the last week, with the Energy sector leading the way, up 7.5%. The market is up 60% over the last 12 months. Looking forward, earnings are forecast to grow by 6.1% annually. Market details ›
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