Group members

NAMRA KALEEM
M11MBA022
NIMAL ARSHAD
M11MBA002
ALAINA RAZZAQ
M11MBA012

Acknowledgment
All praise to almighty
Allah who helped us in
compiling this work of
dignity and hard work to
do, we are also thankful
to Mr. Riaz Ahmed
Mian who motivated us to
do project on Allied Bank
ltd.

ALLIED BANK
LIMITED

HISTORY
Allied Bank ltd is the first bank
incorporated on the soil of
Pakistan. It was established in
dec.1942 as the Australasia Bank
at Lahore. It was renamed as
ALLIED BANK OF PAKISTAN
LTD in 1974 and ALLIED BANK
LTD in 2005. It started with a
paid up share capital of 0.12
million under the chairmanship of
Khawaja Bashir Baksh.

First building

ALLIED BANK 1974-1991

In 1974, the Board of Directors of Australasia Bank
was dissolved and was renamed Allied Bank. The first
year was highly successful; profit exceeded Rs. 10
million, deposits rose by over 50 percent and
approached Rs. 1460 million. Investments rose by 72
percent and advances exceeded Rs. 1080 million for
the first time in the banking history. 116 new branches
were opened during 1974

ALLIED BANK 1991-2004

Privatization:
As a result of privatization in September
1991, Allied Bank entered a new phase, and
became the worlds first bank to be owned
and managed by its employees. In 1993 the
First Allied Bank Modaraba (FABM) was
floated. After privatization, Allied Bank
became one of the premier financial
institutions of Pakistan.

TODAY
Today, the Bank stands on a solid
foundation built over 63 years of hard work
and dedication, giving it a strong equity, an
asset and deposit base and the ability to
offer customers universal banking services
with more focus on retail banking.The Bank
has the largest network of online branches
in Pakistan and offers various technologybased products and services to its diverse
clientele through its network of more than
785 branches.

BRANCH NETWORK

wards and Achievemen

Best Domestic Investment Bank in Pakistan
2009.By The Asset Magazine Hong Kong.
The Corporate Finance House of the Year, 20072008.by the CFA Association of Pakistan, the
local body of the CFA Institute, USA.
The Banker magazine UK, honored ABL with
the The Banker Deal of the Year 2008
Pakistan award.
Best Equity House in Pakistan 2008 By
The Asset Magazine Hong Kong.

CREDIT
RATING
The Pakistan Credit Rating Agency (PACRA)
has maintained rating:
AA
long-term entity
A1+ short-term entity
AA- to the listed, unsecured,
subordinated TFC-II issue of PKR 3,000
mln of ABL.

VISION
To become a dynamic and efficient bank
providing integrated solutions in order
to be the first choice bank for the
customers.

MISSION
To provide value-added services to our
customers.
To provide high-tech innovative solutions to
meet customers requirements.
To create sustainable value through growth,
efficiency and diversity for all stakeholders.
To provide a challenging work environment.

CORE VALUES
Integrity.
Excellence in service.
High performance.
Innovation and growth.

BOARD OF DIRECTORS

Board of Directors (left to right)

Pervaiz Iqbal butt, Mubashir A.Akhtar, Muhammad Waseem
Mukhtar, Shiekh Jalees Ahmed,Abdul Aziz Khan,Khalid A.Sherwani
(CEO),
Muhammad Naeem Mukhtar (chairman),Shiekh Mukhtar Ahmad

NIMAL ARSHAD
M11MBA002

SERVICE
S
INTERNET BANKING
ONLINE BANKING
CORPORATE LEASING
ATM NETWORK
DEPOSIT ACCONT
AGRICULTURAL SERVICES
LOCKERS
BANCASSURANCE
OTHER SERVICES

ALLIED DIRECT
INTERNET BANKING
SIMPLE AND CONVENIENT
SECURE AND FASTER
24 X 7 ACCESS
No matter where you are in the country
and whichever branch your account is
maintained at, you can have your cheque
cashed at any of our 784 online branches
located in 250 cities.

CORPORATE LEASING
Allied Bank Limited commenced lease
operations upon amalgamation with Ibrahim
Leasing Limited. Facilities include leasing for:
machinery, commercial vehicles, vehicles
and equipments.
The Bank provides lease facilities for:
balancing, modernization, replacement and
expansion schemes to corporate and
commercial clients in all industrial enterprises.

Allied bank has a vast network of 538

ATMS installed in over 130 cities which
continue to grow at a rapid pace.
Additionally, Allied Bank is a member of the
1-LINK ATM sharing switch comprising of
over 2,000 ATMs nationwide, therefore,
giving its Allied Cash+Shop Visa Debit Card
holders access to even more ATMs across
the country.

DEPOSIT ACCOUNTS
Current Account
PLS Account
Allied Business Account
Allied Rising Star (NEW)
Allied Basic Banking Account
Allied BAIKHTIYAR
Allied Munafa Account
Rewarding Term Deposit (NEW)
Allied Advanced Profit Scheme
Allied Bachat Scheme
Allied e-Savers Account

CURRENT ACCOUNT
There are free Online Transactions,
DD/TT/PO for depositors maintaining an
average monthly balance of Rs. 0.5 (M) &
above.
Free Cash Deposit / Withdrawal / account to
account transfer within city.

PLS ACCOUNT
Attractive return of up to 5.00% per
annum
Free Cash Deposit / Withdrawal /
account to account transfer within city.
Free Online Transactions, DD/TT/PO
for depositors maintaining an average
monthly balance of Rs. 2.500 (M) &
above.

ALLIED BUSINESS ACCOUNT

Now with your current account you can

make unlimited transactions via 779 online
Allied Bank branches.

On maintaining a daily minimum

balance of just Rs. 50,000, you can enjoy
the following services FREE of charge.

ALLIED RISING STAR

When you open your account, its in your name,
but you still have to take mummys, daddys or your
guardians help to use it - like with:
Signatures
Taking cash out from the ATM or the Bank general
banking activities
You can use your account any time which means
you can take money out with your parents or
guardians help, or deposit money yourself,
whenever you need to.

LLIED BASIC BANK ACCOUN

To provide basic banking facilities to its lowermiddle class customers
Account can be opened with an initial deposit of
Rs 1,000/It is a non-remunerative account with a no
minimum balance requirement.
The Statement of Account is issued on a yearly
basis.
The account will be closed automatically if the
balance remains zero for one year.

ALLIED BAIKHTIYAR
A term deposit scheme which gives the
flexibility to choose the profit payment
frequency of your term deposit.
Investment can be made with the
minimum of PKR 25,000 only.
Profit: Advance/Monthly/Quarterly/Half
Yearly/Yearly
Eligibility: Individuals & Institutions

ALLIED e-SAVER ACCOUNT

Saving has never been so flexible!
The Allied e-Savers Account is a unique
savings plan where you can earn returns as
high as 7.5% with the convenience of 4
withdrawals a month!

ALLIED MUNAFA ACCOUN

Account Type: Chequing Account

Profit: Payable on monthly basis

Highest Profit: Upto 9.00% p.a
Eligibility: Individuals, and institutions

ALLIED BACHAT SCHEME

Maturity Period: 7.5 years

Minimum Deposit: Rs. 50,000/- with multiples of Rs.
10,000/Expected rate of Profit:The deposit amount will be
doubled in 7.5

ALLIED ADVANCE PROFIT

SCHEME
Allied Advance Profit
Scheme In-keeping with
our objective to bring you
new and innovative
services and banking
products, we now
introduce Allied Advance
Profit Scheme that gives
the entire profit upfront.

AGRICULTURE FINANCE
Farm credit

is extended for the purpose of

production of crops to meet working capital expenses
and Development of Agri land.

Non-Farm Credit

facilities are offered for

Livestock (Cow, Buffaloe, Goats, and Sheep etc.),
Poultry (Eggs, Day Old Chicks, Layer, Broiler,
Hatchery) and fisheries (inland and marine, excluding
deep sea fishing).

UTILITY BILLS
All branches of the Bank collect utility
bills of electricity, gas and telephones.
Utility Bill payment facility on any of
our ATMs without having to wait in long
queues outside your branch.

LOCKERS
Allied Bank Lockers are available in
three different sizes Small, Medium and
Large on a yearly fee. Locker holders
need not have an account in the Bank.

HAJJ SERVICES
The Bank serves the intending pilgrims by
helping them in performing this religious
obligation. The Hajj forms and other related
services are provided by the bank. However,
the terms and conditions for accepting the
Hajj forms from intending pilgrims are in
accordance with the Hajj Policy announced
by the government, each year.

REMMITANCE
Allied Bank can transfer funds to the remotest
part of the country for payment/credit to the
customer himself or a third party, through
telegram/telex/telefax for payment/credit on
the same/next day. Telegraphic transfers can
also be made abroad in Foreign Currency.

BANCASSURANCE
AnmolRishtey
I'lm
Alsurance

AnmolRishtey gives you the

opportunity to start saving for your
child with as low as Rs. 6000 per
annum, which is less than Rs. 20 a
day

The earlier you start saving the better

your child's future will be. So build a
steady saving from as low as
Rs.6,000 per annum with ILM.

Lowest ever premium: Rs. 6 per day.

Covers your entire family.
Highest protection up to: Rs. 7,500,000.

ALAINA RAZZAQ
M11MBA012

FINANCIAL
HIGHLIGHTS

Nine Months ended September 30,2011

Profit After Tax Rs.7,728 million, 32.13%

Profit available for appropriation Rs.23,578million, 30.48%

Final cash dividend for the year ended December 31, 2010 at Rs. 2
per share (2010: year ended December 31, 2009 at Rs. 2 per share)
Rs.1,564million, 9.99%
Interim cash dividend for the year ending December 31, 2011 at Rs.
2.5 per share (2010: year ended December 31, 2010 at Rs. 2 per
share) Rs.2,151million, 37.53%

Accumulated profit carried forward Rs.18,318million, 31.65%

Earnings Per Share (EPS) for the nine months Rs.8.98million,

32.06%

NET ASSETS
Rs. In 000
2011

41,201,388

2010

35,974,857
5,226,531

INVESTMENTS
Rs. In 000
2011

207,157,250

2010

121,173,409
85,983,841

DEPOSITS
Rs. In 000
2011

384,957,146

2010

371,284,268
13,672,878

STOCK EXCHANGE
ANALYSIS

Largest network of online branches in

Pakistan.
Online banking.
ABL is the first Muslim Bank of the world,
which is owned and managed by its
own employees.
Variety of products.

There is no Islamic banking.

High mark up rates.
Late promotions.
Advertisement of ABL is not such
goods as of other banks.
Out look of the ABL branches is
not attractive to the people.

OPPORTUNITIES
.In

current situation, Small borrowers are

attracted to get the financing and start small
businesses. So, the ABL has an opportunity to
attract the customers by giving them attractive
schemes.
They have wide area network in all over the
Pakistan, if ABL can make it possible the fast
delivery of fund from abroad through online
banking, it can cover the major market of
Pakistan.

THREAT
S
Healthy competition.
Strict SBP policies.
Economic crises.

POLITICAL
Like in the era of
nationalization bank
has to suffer as other
industries thats why
the impact is still
found in the
performance of bank.
Political instability.

ECONOMICAL
The estimated coststructure indicates that
state owned commercial
banks are large enough
while development
financial institutions and
private banks can expect
to obtain cost-saving
advantages by
expanding their

SOCIAL
Allied Bank always
tried to provide the needy
people loans on soft terms
and also eradicate
unemployment by
providing job
opportunities.

TECNOLOGY
It become necessary for
the bank to differentiate
its products from the
others.
Some of the ways in
which differentiation can
be introduced is the
specialization, new
products and increasing
the added value.

RECOMMENDATIONS
Convert
system to an
automated one.
Early
promotions
and training of
employees.
Improve the
out look of
branches.

CONCLUSION
ABL is a good organization in a
way that anybody can join it for
his long term career.
Management of ABL is very
demanding about the targets.ABL
is working according to the
demand of the customers so, it has
a bright future as at the end of the
day the customers are the REAL
BOSSES.