1

ALLIED BANK LIMITED

Allied Bank Limited was the first bank to be

established in Pakistan. It started out in Lahore by
the name Australasia Bank before independence in
1942; was renamed Allied Bank of Pakistan Limited
in 1974 and then Allied Bank Limited in 2005.

In August 2004, because of capital reconstruction,

the Bank’s ownership was transferred to a
consortium comprising Ibrahim Leasing Limited and
Ibrahim group.

Today, with its existence of over 60 years, the

Bank has built itself a foundation with a strong
equity, assets and deposit base. It offers universal
banking services, while placing major emphasis on
retail banking. The Bank also has the largest network
of over 700 online branches in Pakistan.

HISTORY

Allied Bank was the first Muslim bank to have been

established in Pakistan with a paid-up share capital
of Rs. 0.12 million under the Chairmanship of
Khawaja Bashir Bux, the Bank attracted deposits
equivalent to Rs. 0.431 million in its first 18 months
of business. At the time, the Bank’s total assets
amounted to Rs. 0.572 million. Today, Allied Bank's
paid up Capital & Reserves amount to Rs. 10.5
billion, deposits exceed Rs. 143 billion and total
assets equal Rs. 170 billion.
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PRE INDEPEDENCE 1942-1947

In the early 1940s, the Muslim community was

beginning to realize the need for its active
participation in the fields of trade and industry. Since
the late 1880s, Hindus had established a
commanding presence in the areas of industry, trade
and commerce and were especially dominating in the
Sub-continent area. Banking, in particular, was the
exclusive forte of Hindus and it was popularly and
wrongly believed that Muslims were temperamentally
unsuited for this profession.

The Bank’s journey has been about dedication,

commitment, professionalism and adapting to
, professionalism and adapting to environmental
changes,leading to its immense growth and stability.

It was particularly upsetting for Khawaja Bashir

Bux: to hear that “Muslims could not be successful
bankers”. He decided to step-up to that challenge
and take the lead in establishing this first Muslim
bank by the name Australasia Bank Limited in
Punjab, which was to become Pakistan in December
1942.

The initial equity of the Bank amounted to Rs 0.12

million, which was raised to Rs. 0.5 million by the
end of the first year of operation, and by the end of
30th June 1947 capital increased to Rs. 0.673 million
and deposits raised to Rs 7.728 million.
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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 and the Bank
started participating in the Government’s spot
procurement agriculture program. Those seventeen
years saw a rapid growth for the Bank. Branches
increased from 353 in 1974 to 748 in 1991. Deposits
rose from Rs. 1.46 billion, and Advances &
Investments from Rs. 1.34 billion to Rs. 22 billion
during this period. It also opened three branches in
the U.K.

ALLIED BANK 1991-2004

PRIVATIZATION:

As a result of privatization in September 1991, Allied

Bank entered a new phase, and became the world’s
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.

Allied Bank’s capital and reserves were Rs. 1.525

billion; its assets amounted to Rs. 87.536 billion and
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deposits to Rs. 76.038 billion. Allied Bank enjoyed an

enviable position in Pakistan’s financial sector and
was recognized as one of the best amongst the
major banks of the country.

In August 2004, as a result of capital reconstruction,

the Bank’s ownership was transferred to a
consortium comprising Ibrahim Leasing Limited and
Ibrahim Group.

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 technology-based products and
services to its diverse clientele through its network
of more than 700 branches.

ALLIED BANK 2005 TO DATE

In May 2005,the Ibrahim leasing group
dissolved and the company was vested into Allied
Bank Limited. All the shareholders were issued ABL
shares instead of the all shares held by them. An
applications for the listing of ABL shares of all the
stock exchange companies of Pakistan.

• Islamabad stock exchange 8th August 2005

• Lahore stock exchange 10th August 2005

• Karachi stock exchange 17th August 2005
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• Faisalabad Stock Exchange 26th August 2008

ALLIED BANK TILL 2007

Mohammad Aftab Manzoor has taken charge as CEO
and President of the Bank on August 13, 2007. He is
an ex-president of MCB Bank Ltd.

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 and
reward dedicated team members according to
their abilities and performance.
To play a proactive role in contributing towards the
society.
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BOARD OF DIRECTORS

Pervaiz Iqbal Butt (Director)

 Mohammad Waseem Mukhtar (Director)
 Sheikh Mukhtar Ahmed (Director)
 Farrakh Qayyum (Director)
 Abdul Aziz Khan (Director)
 Sheikh Jalees Ahmed (Director)
 Tasneem M. Noorani (Director)
 Nazrat Bashir (Director)
 Mubashir A. Akhtar (Director)
 Mohammad Aftab Manzoor (CEO)
 Mohammad Naeem Mukhtar (Chairman)

REGIONAL BRANCHES

Central 1 group:

 Gujrat Region 21
 Sialkot Region 24
 Gujranwala Region 34
 Gulberg Region, Lahore 38
 City Region, Lahore 35
 Faisalabad Region 35
 Sargodha Region 36
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Central 2 group:

 Jhang Region 19
 Multan Region 31
 Sahiwal Region 25
 Bahawalpur Region 22

North group:

 Abbottabad Region 21
 Kohat Region 17
 Peshawar Region 40
 Mardan Region 32
 Islamabad Region 31
 Rawalpindi Region 44
 Mirpur Region 33
 Muzaffarabad Region 18

South group:

 Hyderabad Region 25
 Nawabshah Region 17
 Sukkur Region 21
 City Region, Karachi 33
 Saddar Region, Karachi 33
 Nazimabad Region,Karachi 35
 Quetta Region 34
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MANAGEMENT

Asim Tufail Fareed Vardag

(Group Chief, (Chief Risk
Consumer & Officer)
Personal
Banking)

Iqbal Zaidi Zia Ijaz

(Group Chief, (Group Chief,
Compliance) Commercial &
Retail Banking)

Mohammad Aftab Muhammad

Manzoor Jawaid Iqbal
(Chief Executive (Group Chief,
Officer) Corporate &
Investment
Banking)

Shafique Ahmed Khawaja

Uqaili Mohammad
(Group Chief, Almas
Human (Head, Core
Resources) Banking Projects)

Economic Development Of Pakistan

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Allied Bank of Pakistan plays an important role in the

economic development of Pakistan. The bank is
bringing a rapid growth in various sectors of the
Pakistani economy by their efficient, effective and
disciplined mechanism in banking systems. Few of its
roles are:
1. Rising Financial Resources:
The bank encourages its customers' saving habit by
giving various types of incentives on their savings.
The bank is gaining more and more recourses by
spreading its network throughout Pakistan, and it
has over 766 branches in the country's rural and
urban areas.
The bank is also supporting the business community
which make use of resources for productive
purposes in Pakistan's economic development.
2. New Investment Opportunities:
Businessmen usually hesitate to invest their money
in new enterprises. The Allied Bank of Pakistan
provides the opportunities to the businessmen to
invest their money in new enterprise where the
bank's financial analyst guides them about which
sector suite them.
For adopting new technologies and production
method, the bank also provides short-term and
medium-term loans on very low interest rate along
with financial assistance. This provision of timely
credit increases the productive capacity of the
Pakistan economy.

3. Promotion Of Trade Of Industry:

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The bank always seeks to promote the country's

trade and industry by providing many facilities such
as allied online, bank demand draft, claques over
drawn facility, bill of exchange, foreign currency
account, allied bank master card, etc to
revolutionized both national and international trade.
4. Development Of Different Regions:
It plays a key role in development various regions in
Pakistan. The bank helps the government transfer
the surplus capital from one region to another by
announcing different schemes.
Then traders and industrialists of less developed
region are able to get adequate capital for meeting
their business needs. This, in return, increases
investment, trade and production in the country.
5. Export Promotion Cell:
The bank set up its export promotion cell to increase
the country's export.
They provide information about general trade and
economic condition of the country and government
policies about customers' interest both inside and
outside.
The bank's management understands the demand of
global customers.
To rectify their difficulties, they introduce online
banking services along with latest information
network into international banking.

CONSUMER
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In line with the Bank’s aim to provide a host of

products and services to its customers, substantial
ground work has been done to establish a strong
consumer banking business. Furthermore, to achieve
this objective, professionals from across the industry
have been recruited into areas of product
development, sales, credit policy, research,
consumer analytics, call centers and service quality
departments.
The consumer portfolio, comprising the debit card,
credit cards, auto loans, personal loans and
mortgages will be established phase by phase.
However, we are confident that our strengths,
together with our largest network of online branches,
a superior technology platform, a big customer base
and the Consumer Personal Banking Group (CPBG),
will take the Bank’s profitability to new heights.

Visa Credit Cards

Visa Debit Card

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COMMERCIAL
Internet Banking
Online Banking
Corporate Leasing
ATM Network
Unclaimed Deposits Deposit Account
SME
Agriculture
Other Services
Profit Rates

The Commercial & Retail Banking

Group (CRBG) offers a variety of asset and liability-
based retail products to its customers. The Group’s
main focus has been on introducing various financing
and investment products for its valuable clientele,
and contributing to the steady growth of the financial
industry.
CRBG consists of 4 geographic groups and is further
divided across 27 regions in Pakistan. Each region is
responsible for providing a quality service to its own
customer-base.
In recent years, the Group has been working to find
alternate ways to bank for customers, and has
installed more ATMs to its already strong and largest
ATM network.
During 2007, CRBG also saw a phenomenal growth
of 28 percent in liabilities. The Group launched
effective campaigns and showed 13 percent growth
in Current Accounts & Saving Accounts (CASA).
Besides an addition of senior level resources to the
team, more Management Trainee Officers were also
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hired into the Group to bring in more quality and

skill.
CRBG is consistent in lifting the Bank’s brand image
by emphasizing on good customer services and
developing commercial assets and a cost effective
deposit base.

INTERNET

Banking is now at your fingertips! Allied Direct

Internet Banking offers you the convenience to
manage and control your banking and finances -
when you want, where you want! It's Simple,
Convenient, Secure and Faster. So, just get clicking!
Some of the advantages of Allied Direct Internet
Banking are:
Simple and Convenient
Easier navigation and help provided at every step so
you can make full use of this service. With Allied
Direct convenience is just a click away.
Secure and Faster
Encrypted with latest tools and technologies, Allied
Direct is the choice for secure and fast Internet
Banking.
24x7 Access
You now have access to your account 24 hours a
day, 7 days a week. You can transfer funds or pay
bills, even when it's a holiday.
To use Allied Direct Internet Banking, you should be
a registered Allied Bank Account holder with a valid
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ATM Card. If you do not have an account, please

visit any of our nearest branches and open your
account and obtain an ATM Card. Our friendly branch
staff will help you open your account quickly.

Online Banking

Allied Online Banking is a unique service being

offering from Allied Bank. Through this service, your
account in Allied Bank is available to you from any of
our branches countrywide.
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 766
online branches located in 300 cities. You can also
use the service, from any branch, to deposit cash for
instant credit into your account or any other account
in Allied Bank. Similarly, the account-to-account
Funds Transfer facility is also available for instant
remittance.
Your cheque drawn from a remote branch for credit
into a beneficiary’s account or encashment of a
specified amount, can also be presented by a third
person at any branch. What’s more, making a
Balance Inquiry and getting an Account Statement
are additional services available to Account holders
from remote branches.
Allied Online provides a secure, efficient and
convenient facility for making payments to
beneficiary accounts from any of our branches
countrywide. Corporate customers requiring fund
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collection or a disbursement facility can use it for

cash management services.

Corporate Leasing
Allied Bank started lease operations when it
integrated with Ibrahim Leasing Limited. Facilities
include leases for machinery, commercial vehicles
and equipments. The Bank provides lease facilities to
corporate and commercial clients in all industrial
enterprises for balancing, modernization,
replacement and expansion schemes .
Leasing is a popular mode of financing because of its
distinctive features like tax shield, preserve working
capital, easy documentation and less processing
time.
Lease applications are processed at all Bank
branches in Pakistan.
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Allied ATM Network

Allied ATM Network
1 Link Network
M Net Network
ORIX POS network

Allied Bank has a vast network of over 460 ATMs

installed in over 130 cities, which continues to grow
at a rapid pace.
1 Link Network 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. The "1-Link Switch" has the following Bank
members:
Limited Al Baraka
ABN Amro Bank KASB Bank
Islamic Bank
Allied Bank
Meezan Bank Limited
Limited
Askari
National Bank of Pakistan Commercial Bank
Limited
Atlas Bank
NIB Bank Limtied
Limited
PICIC Commercial Bank Bank AL Habib
Limited Limited
Bank Alfalah
Soneri Bank Limited
Limited
Standard Chartered Bank Bankislami
Pakistan Limited Pakistan Limited
 17

Crescent
Union Bank Limited Commercial Bank
Limited
Dubai Islamic
United Bank Limited Bank Pakistan
Limited
Emirates Global
MyBank Limited Islamic Bank
Limted
Tameer Micro Finance Bank Faysal Bank
Limtied Limited
First Dawood
Habib Bank Limited Islamic
BankLimited
UnclaimedDeposits
All unclaimed deposits are surrendered to the State
Bank of Pakistan. The customers’ may access
relevant information from the following addresses,

Attention Valued Customers

Unclaimed Deposists/Instruments
In accordance with the Banking Companies
Ordinance, 1962, Section 31, the Bank is liable to
surrender to S.B.P, all unclaimed deposits and
instruments which have not been operated/collected
by the account holders/beneficiaries for last 10
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years.
All such customers/beneficiaries are requested to
contect the concerned brance to re-activate their
accounts/collect the instruments, failing which, the
bank will be compelled to classify the same
"UNCLAIMED" and surrender to SBP.
State bank revised instruction on unclaimed deposits

Public Notice,
As per Section 31 of Banking Companies Ordinance
1962
A debt in Pakistan Rupee is owing by a banking
company by reason of a deposit, not being a deposit
in the name of a minor or a government or a court of
law, at a branch of the banking company in Pakistan
in respect of which no transaction has taken place
and no statement of account has been requested or
acknowledged by the creditor during the last ten
years period are considered as unclaimed deposits.
These include demand deposit, time deposit, pay
order, demand draft, etc.
As per instructions of the State Bank of Pakistan, all
un-claimed deposits are surrendered to the SBP.

DEPOSIT ACCOUNT
• PLS Account
• Current Account
• Allied Basic Banking Account
• Foreign Currency Deposit
• Monthly Profit Plus
• Rewarding Term Deposit
• Behtar Munafa Account
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• Behtar Munafa Term Deposit

• Allied Munafa Account
• Allied Bachat Scheme
• Allied e-Savers Accounts
• Allied Business Account

PLS Account
Allied Bank offers the PLS Savings Account facility
to its customers with the following attractive
features.
Attractive return of up to 5.00% per annum
Free Online Transactions, DD/TT/PO for depositors
maintaining an average monthly balance of Rs.
2.500 (M).
Current Account
Allied Bank offers the Current Account facility for
individuals as well as for institutions and commercial
customers.
There are free Online Transactions, DD/TT/PO for
depositors maintaining an average monthly balance
of Rs. 0.5 (M).
Allied Basic BankinAccount
In order to providg e basic banking facilities to its
lower-middle class customers, Allied Bank has
introduced the “Allied Basic Banking Account”.
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.
No service charges on the account for a maximum of
2-withdrawals and 2-deposits during a calendar
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month. Additional transactions will be subject to a

service charge as per the Bank’s Schedule of
Charges for every withdrawal/deposit. Unlimited
withdrawals from ATMs.

Foreign Currency Deposits

Allied Bank offers the facility of opening Current,

Savings and Term deposit Accounts. Foreign
Currency accounts can be opened in US Dollar,
Pound Sterling, Euro, and Japanese Yen at
designated branches.
Monthly Profit Plus
Saving has now become all the more appealing with
our Monthly Profit Plus Scheme, which earns you
monthly profits on investments. The scheme is
designed for a period of 1 Year with the following
profit rates:

Tenure 1 Year
Profit Rate 10.50% p.a.
Profit Payment Rs.875 * per month
* Approximate monthly returns calculated on the
investment of Rs.100, 000 * Withholding tax, Zakat
or other Government Levies are applicable
separately,
Salient Features :
Account Type: Term Deposit
Term Period: 1 year
Profit: Payable on monthly basis
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Minimum Deposit Amount: Rs.25,000

Eligibility: Individuals & Institutions (other than
financial institutions)
Additional Benefits : Chequing Account for
monthly profit credit 24 hour phone banking
service Free internet banking facility SMS
transaction alerts Allied Cash + Shop Visa
Debit Card
Rewarding Term Deposit
A term deposit scheme which gives a high rate of
return and the flexibility of various tenure.
Investment can be made with the minimum of PKR
25,000 only.
Rate Of Profit :
Deposit 1 3 6 12
Amount Month Months Months Months
Rs. 25,000 &
8.00% 10.00% 10.50% 11.00%
Above

Salient Features :
1. Account Type: Term Deposit
2. Term Period: 1-12 months
3. Investment: Rs. 25,000 & above
4. Profit: Payable on maturity
5. Eligibility: Individuals & Institutions
Behtar Munafa Account
If you want a chequing account that earns you
attractive returns, paid on monthly basis, then this is
the account for you. Rate Of Profit:
Upto Rs.5,000,000 5.00%
Rs.5,000,001 to
6.00%
Rs.25,000,000
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Rs.25,000,001 to
7.00%
Rs.50,000,000
Rs.50,000,001 to
8.50%
Rs.100,000,000
Rs.100,000,001 to
9.25%
Rs.250,000,000
Rs.250,000,001 to
10.00%
Rs.500,000,000
Rs.500,000,001 &
10.50%
above
Salient Features:
1. Account Typ e: Chequing Account

Investment: Upto Rs.5,000,000 &

above
2. Profit: Payable on monthly basis
Highest Profit: Upto 10.50% p.
3. Eligibility: Individuals, and institutions

4. Additional Benefits:
5. 24-hour phone banking service
6. Free internet banking facility
7. SMS transaction alerts
8. Allied Cash + Shop Visa Debit Card
Allied Munafa Account
Rates effective from
Slabs
01.01.07
Rs 0.5(M) to less than Rs
5.00%
5 (M)
Rs 5(M) to Rs 25 (M) 6.00%
Rs 25(M) to Rs. 50 (M) 7.00%
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Rs 50(M) to Rs. 100 (M) 7.50%

Rs 100(M) to Rs. 250 (M) 8.00%
Rs 250(M) to Rs. 500 (M) 8.50%
Rs 500(M) and above 9.00%
Salient Features:
1 The applicable profit rate will be based on the
amount maintained in the account on an average
monthly basis and the return will also be credited
to the account on a monthly basis.
2 Individuals, Firms, Companies, Schools, Hospitals,
Charitable Organizations, etc., are welcome to
open their account in this scheme.
Allied Bachat Scheme
Allied Bachat Scheme is a PLS Term Deposit Scheme
based deposit scheme whereby you can double your
investment in just 7.5 years.
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 Bachat Scheme is a PLS Term Deposit
Account, whereby you can double your investment in
just 7.5 years. This scheme comes with the
following schedule of profit rates:
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ABL Projected Repayment

No. of Years
Rates amount
0 0 50,000.00
1 7.00% 53,500.00
1.5 7.50% 55,625.00
2 8.00% 58,000.00
2.5 8.75% 60,937.50
3 10.00% 65,000.00
3.5 10.25% 67,500.00
4 10.50% 71,000.00
4.5 10.75% 74,187.50
5 11.00% 77,500.00
5.5 11.25% 80,937.50
6 11.50% 84,500.00
6.5 11.75% 88,187.50
7 12.00% 92,000.00
7.5 13.33% 100,000.00
Salient Features:
Maturity Period: 7.5 years
Free Internet Banking facility
Minimum Deposit: Rs. 50,000 (additional
investment in multiples of Rs. 10,000)
Expected Profit Rate: Up to 13.33% p.a.
Eligibility: All individuals and institutions

Allied e-Savers Accounts

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!
 25

ALLIED E-SAVERS
Slabs Profit Rate
Rs. 400,001 up to Rs.
7.50%
500,000
Rs. 300,001 up to Rs.
6.00%
400,000
Rs. 200,001 up to Rs.
5.00%
300,000
upto Rs.200,000 5.00%
Salient Features:
Investment: Rs. 10,000 to Rs. 500,000

Profit: payable on Half Yearly basis.

Expected Profit Rate: Up to 7.50% p.a.

Eligibility: Individuals
Additional Benefits:
24 hours phone banking service
Free Internet Banking facility
SMS transaction alerts
Allied Cash+Shop Visa Debit Card for cash
withdrawals through any ATM including our largest
network of ATMs across Pakistan and for debit
transactions at various retail outlets
First free cheque book - A/c Payee only
Allied Business Account
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Allied Bank offers you a banking experience beyond

expectations!

Allied Business Account is a non-profit current

account with countless benefits and services. If you
are a businessman, trader or an individual, Allied
Business Account is an ideal proposition for you.

Features & Benefits

Online/Manual
Free
Rs. 500,000/- and Remittances
above Outward Cheque
Free
Return
Issuance of
DD/TT/PO/OBC Free
/Expression Collection

Additional Benefits:
24 hours helpline service
Free Internet Banking facility
SMS transaction alerts
Allied Cash+Shop Visa Debit Card for cash
withdrawals through any ATM and debit
transactions at various retail outlets

Corporate
The Corporate Investment Banking Group (CIBG)
holds the Bank’s loan portfolio and enjoys a leading
position in corporate lending in the country. It offers
a wide range of financial services to medium and
large sized public and private sector entities. These
services include, providing and arranging tenured
 27

financing, corporate advisory, underwriting, cash

management, trade products, corporate finance
products and customer services on all bank related
matters.

The Bank has played a key role in the country’s

economic growth by providing a vast amount of
funds to large industrial and corporate sectors of the
economy. And because it has played a big part in
major investment and corporate banking
transactions, Allied Bank is considered one of the top
investment banks in the country today.
CIBG
(Corporate Investment Banking Group)
Investment
Corporate Banking Financial Inst
Banking

- Project Finance - Project - Cash Management

- Long Term Financin Finance - Home Remittances
g - Syndication
- Short Term Financi - Advisory
ng
- Trade Finance

ABL-IBG is the most Preferred

Investment Banking Outfit because
of…
 28

Timely Completion of
Mandates
Highly talented and
experienced analysts
An employee focused work
culture
Flexible delivery models to
satisfy client specific
requirements
Awards A cost effective, one
window solution for
customers
Its ability to rapidly adapt
to changing industrial &
client specific processes.
The dedicated ‘Transaction
Manager Model’ ensuring
high quality service at all
times

ABL’s For its ABL’s

Investment consistently Investment
Banking superior Banking Unit
team won performance, has also
 29

its first ABL’s received

major Investment international
award in Banking recognition
November team was by “The
2006, for once again Banker”
“The awarded “The magazine
Corporate Corporate UK, which
Finance Finance has honored
House of House of the ABL with the
the Year, Year, 2006- “The Banker
2005-2006” 2007” award Deal of the
by the CFA by the CFA Year 2008 –
Association Association of Pakistan”
of Pakistan, Pakistan, the award for its
the local local body of successful
body of the the CFA Rs.13 Billion
CFA Institute, balance
Institute, USA. This sheet
USA. award was restructuring
given to ABL of Maple Leaf
based on its Cement
highest value Factory
and number Limited (the
of largest
Investment financing
Banking and arranged for
Advisory a cement
Transactions factory in
concluded Pakistan).
during the
 30

period July
2006 –
December
2007.

Branches & ATMs

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 a remote

branch.

Remote Cheque Encashment from any

online branch.

Instant Funds Transfer between any 2 online

branches.

Remote Balance Inquiry and Statement of

Account.
Additionally, account holders of all online branches
can obtain the Allied Cash+Shop Visa Debit Card for
use at ATMs as well as at POS terminals. To locate a
branch simply select the city.
 31

Careers
Allied Bank is amongst the leading commercial banks
in the country and has always played a pioneering
role in introducing innovative, technology-based
banking services. The role played by its human
resources is highly valued, both in terms of their
skills and dedication in implementing unique banking
services.

Allied Bank Limited - Financial

Statements
Auditors' Report to the Members
 32

We have audited the annexed balance sheet of ABL

ASSET MANAGEMENT COMPANY LIMITED (the
Company) as at December
31, 2007 and the related profit and loss account,
cash flow statement and statement of changes in
equity together with the notes
forming part thereof, for the period from October 12,
2007 to December 31, 2007 and we state that we
have obtained all the
information and explanations which, to the best of
our knowledge and belief, were necessary for the
purposes of our audit.
It is the responsibility of the Company's
management to establish and maintain a system of
internal control, and prepare and present
the above said statements in conformity with the
approved accounting standards and the
requirements of the Companies Ordinance,
1984. Our responsibility is to express an opinion on
these financial statements based on our audit.
We conducted our audit in accordance with the
auditing standards as applicable in Pakistan. These
standards require that we plan
and perform the audit to obtain reasonable
assurance about whether the above said statements
are free of any material misstatement.
An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in
the above said statements. An
audit also includes assessing the accounting policies
and significant estimates made by management, as
well as, evaluating the
 33

overall presentation of the above said statements.

We believe that our audit provides a reasonable
basis for our opinion and, after
due verification, we report that:
a) in our opinion, proper books of account have been
kept by the Company as required by the Companies
Ordinance, 1984;
b) in our opinion :
i) the balance sheet and profit and loss account
together with the notes thereon have been drawn up
in conformity
with the Companies Ordinance, 1984, and are in
agreement with the books of account and are further
in accordance
with accounting policies as mentioned in Note. 4 to
the financial statements with which we concur;
ii) the expenditure incurred during the period was for
the purpose of the Company's business; and
iii) the investments made and the expenditure
incurred during the period were in accordance with
the objects of the
Company;
c) in our opinion and to the best of our information
and according to the explanations given to us, the
balance sheet, profit
and loss account, cash flow statement and statement
of changes in equity together with the notes forming
part thereof
conform with approved accounting standards as
applicable in Pakistan, and, give the information
required by the Companies
 34

Ordinance, 1984, in the manner so required, and

respectively give a true and fair view of the state of
the Company's affairs
as at December 31, 2007 and of the profit, its cash
flows and changes in equity for the period from
October 12, 2007 to
December 31, 2007;
d) in our opinion, no zakat was deductible at source
under the Zakat and Ushr Ordinance, 1980
Balance Sheet
ASSETS
Cash and balances with treasury banks
6
23,653,754 29,739,878
Balances with other banks
7
2,097,611 668,449
Lendings to financial institutions
8
15,793,183 18,419,241
Investments
9
82,433,998 83,458,463
Advances
10
213,020,108 168,407,280
Operating fixed assets
11
11,150,129 7,551,848
Deferred tax assets
12
1,031,049 662,416
Other assets
 35

13
17,388,612 10,698,979
366,56
8,444 319,606,554
LIABILITIES

Bills payable
15
2,952,490 3,494,384
Borrowings
16
27,778,151 22,933,656
Deposits and other accounts
17
297,474,543 263,469,594
Sub-ordinated loans
18
2,498,000 2,499,000
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - -
Other liabilities
19
13,629,361 7,329,759
344,332,5
45 299,726,393
NET ASSETS
22,235,
899 19,880,161
REPRESENTED BY
Share capital
20
6,463,644 5,386,370
Reserves
 36

5,804,776 6,050,713
Unappropriated profit
8,4
75,791 6,973,227
20,7
44,211 18,410,310
Surplus on revaluation of assets - net of tax
21
1,491,688 1,469,851
22,2
35,899 19,880,161

Directors' Report

The Board of Directors of ABL Asset Management

Company Limited (a wholly owned subsidiary of
Allied Bank Limited-ABL) is
pleased to present the company’s first audited
Financial Statements for the period from October 12,
2007 to December 31, 2007.
The formation of ABL Asset Management Company
Limited by ABL to undertake asset management and
investment advisory
services was a strategic decision to devote
concentrated resources for fruition of the fund
management expertise in an institutionalized
manner with a pursuit of professional excellence for
consolidating its endeavors.
ABL Asset Management Company Limited was
incorporated under Companies Ordinance 1984
(XLVII of 1984) as an un-listed
 37

public company on October 12, 2007, with a paid-up

capital of Rs. 500 million. The company was issued
license to undertake
“Asset Management Services” on December 07, 2007
under the recently introduced NBFC and Notified
Entities Regulation, 2007,
under which it can manage both closed and open
ended funds.
In the capacity of holding company ABL holds
49,999,993 shares of ABL AMCL whereas 7 shares
are held by director in the
proportion of one share each.
Keeping in view the nature of the business, the
management of ABL AMCL initially focused on hiring
quality people, implementing
best practices and systems, and establishing the
desired infrastructure. In this respect, senior level
management has been hired
in the field of Research, Accounts, Information
Technology, Operations, Administration and Human
Resource.
The Company, thus, now comprises of dedicated
professionals who have excelled in their respective
careers and offers a unique
mix of experience and vigor review so that a
collective and focused effort can be made towards
ameliorating shareholders value.
During the period from October 12, 2007 to
December 31, 2007 total income of the company
stood at Rs. 6.59 million whereas
expenditure during the period under review
amounted to Rs. 3.638 million which was mainly
related to the incorporation of the
 38

company.
Profit before tax stood at Rs. 2.953 million whereas
tax provision amounted to Rs. 1.034 million and
therefore profit after tax
amounted to Rs. 1.919 million translating into
earning per share of Rs. 0.04
The summary of the financial results for the period
from October 12, 2007 to December 31, 2007.
December 31,
Rupees in ‘000 2007
INCOME
Income from Bank Deposits 6,590
OPERATING EXPENSES
Administrative Expense 3,638
Profit before taxation 2,953
Taxation 1,034
Profit for the period 1,919
Appropriation of Profit –
Un-appropriated profit 1,919
Earnings per share – Basic and Diluted (Rupees)
0.04
With the passion to excel and the backing of Allied
Bank Limited, ABL AMCL is poised to Insha-Allah
capitalize on the nascent
fund management sector in Pakistan and to be one
of the leading asset management company of
Pakistan.
ABL AMCL’s is Insha-Allah targeting launch of at
least o ne open end income fund by 2Q08, and an
open end equity fund by 3Q08
subject to regulatory approvals.
 39

Despite recent political and economic uncertainties,

we feel that the mutual fund industry is poised to
further grow as the country
still has one of the lowest penetration rates for
mutual funds in the emerging markets.
ABL AMCL would Insha-Allah continue to emphasize
on maximizing its sponsors value and are adamant
for seizing all emerging
opportunities.
We would like to express our gratitude to our valued
sponsors (ABL), Securities and Exchange
Commission of Pakistan, State Bank
of Pakistan and the auditors for the consistent
guidance and assistance.
The Board also wished to place on record its deep
appreciation for the staff for their unswerving
commitment and hard work.
Karachi ANIS UR REHMAN
February 22, 2008 CEO
SERVICES

1. Utilities bills collections

2. Locker facilities
3. Hajj services
4. Home remittance
5. Remittance
6. Commodity services
Utility bills
All branches collect utilities
bills,electicity,gas,telephone bills.Utility bills payment
facility on any ATMs without having to wait any
queues outside branch.
 40

Locker
Allied bank lockers are available in three different
sizes small,medium,large on ayearly free.Locker
holder need not have a account in the bank.
Hajj Service
The bank serve the intending by pilgrims helping
them in performing this relegiousobligation.The hajj
forms and other related services are provided by the
bank.
Home remittance
The bank having a network of 757 braches all over
Pakistan,undertake to provided safe and instant
payment of remittance from expatriate,routed
through designated foreign exchange companies and
correspondent banks with whom special
arrangements have been made in this
regard.Through the Allied Express Service,Allied
bank ensures that beneficiaries account in Allied
bank branches are credited with 48 hours of
receiving home remittance information overseas.
Remittance
Allied bank can transferred fund to the remotest
from part of the country for payment of third party.
Commodity Operation
It is a cash credit financing to Government
Department for procurement of various
commodies,as per allocatioin of the limit by SBP of
Government of Pakistan Guarantee.

Products
 41

These are following products of Allied bank limited.

• Deposit products
• Lending products
• Corporate leasing
• Costumer products
• Alternative channel
Deposit Products
1. Current Account
2. Business Account
3. PLS Saving deposits
4. Allied Basic Banking Account
5. Foreign Currency Deposits
6. PLS Term Deposit Account
7. Allied Munafa Account
8. Mahana Amdani Package
9. Allied Bachat Scheme
10. Allied e saver Account
Lending Products
• Seasonal Finance
• Agricultural Finance
• Export Import Business/Ttade Finance
• Running Finance
• Demand Finance
Corporate Leasing
Allied bank limited commenced leasing operation
upon amalgamation with Ibrahim leasing
limited.Facilities leasing for machinery,commercial
vehicles,vehicles and equipment.The bank provide
lease facilities for
balancing,modernization,replacement and expansion
 42

schemes to corporate and comercialclients in all

industrial enterprises.
Master Card
You can now become the holder of a true credit card
here in Pakitan.Allied bank under license from Master
Card International,U.S.A issues its master card.With
Allied bank-Master Card you will be assured of a
service meeting the highest international standards
maintained by Master Card.
ATMs Debit Card
Allied bank ATM card “Allied Cash+”,can also be
used as debit card at merchant location/service
outlets.It offer to you the privilege of thousand of
ATMs machine of all bank without any extra charges
of Rs=15.Through this card you can have an
experience of cashless Shopping of thousands of
merchant location.Get the card at no issuance
fees.Pay no annual fee no transaction fee.
Get instant cash and check balance of over
1000 ATMs nationwide with no ATMs access fees.
Allied Direct Internet Banking
Allied direct internet banking o offer you the
convenience to manage and control your banking
and finance.When you want to ,where you want to!
It’s simple,Conenient,secure and faster.

SWOT ANALYSIS
Strenghts
1. Largest network of online branches in Pakistan.
2. “ATMs Cash+” without any charges
3. Most powerful liquidation
Weaknesses
• There is no Islamic banking
 43

• High markup rates

• Defficiency of professional staff
Oppertunities
1. We are proud to offer our costumers a
complete lines of financial services to
accommodate even the busiest of
people.
2. Helping people making brilliant
financial careers.
Threats
• Increasing number of bank day by
day
• Healthy competition in financial
sector