Ibrahim Fibres Limited – Financial Services
Allied Bank Limited was established in December 1942 as The Australasia Bank at Lahore. In 1974 the Government took over the control of the bank, and renamed it as Allied Bank of Pakistan Limited and Board of Directors of Australasia Bank was dissolved. As a result of privatization in September 1991 the ownership and the management was handed over to its employees. The Bank had a lot of ups and downs during this period and eventually during 2004 under the scheme of reconstruction the ownership of the bank was transferred to Ibrahim Group.
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 1,395 branches. One of the top five banks of Pakistan, Allied Bank has all 1,395 online branches across the country with 11,665 employees, 1,515 ATMs and total assets of Pak Rupees 1,481 billion.