Ibrahim Fibres Limited – Financial Services
Allied Bank Limited started its operations in Lahore by the name Australasia Bank before independence in 1942; upon nationalization in 1974, it was merged with 3 other banks and the name was changed to Allied Bank of Pakistan Limited. In August 2004, SBP under Scheme of Reconstruction transferred its ownership to a consortium of Ibrahim Group;consequently, the new management renamed the entity as Allied Bank Limited in 2005.
Today the bank stands on a solid foundation having a strong equity, assets and deposits based offering universal banking services with higher focus on retail banking. The bank offers various technology based products and services to its diversified clientele through its network of more than 1,465 branches. One of the top five banks of Pakistan, Allied Bank has all 1,465 online branches across the country with 11,929 employees, 1,565 ATMs and total assets of Pak Rupees 2,354 billion.