ALLIED BANK OF PAKISTAN
Allied Bank among the largest banks of Pakistan, its headquarter is based in Lahore. Currently there over 735 branches of Allied Bank those are located across Pakistan in different areas. In the year 2004 the ownership of Allied Bank was handed over to the Ibrahim Group. Allied Bank has a wide online network through which its branches are interconnected. Allied Bank was founded in the year 1942 and at that time it started functioning as Australian Bank. Allied Bank is a complete Muslim bank of Pakistan during and after the war of independence it was underwent in the unrest situation and destroyed by the riots in East Punjab. Due to strong violence during independence war all branches of Allied Bank that were located in the India shut down and closed.
Branches of Allied Bank
After independence mew branches were opened in the major cities of Pakistan these are Karachi, Rawalpindi, Sialkot, Sargodha, Peshawar, Jhang, Gujranwala and Kasur while later on it was further extended and new branches were opened in Multan and Quetta. Despite the great damage that was experienced by the Allied Bank, this bank grew up and earns a profit of 50,000 during the years of 1947 – 1948. In late 70's Allied Bank had approximately one hundred and one branches all over Pakistan. In the year 1071 when East Pakistan got apart Allied Bank lost its 51 established branches. But that miss happening could not stop Allied Bank to grow more and in the year 1973 Allied Bank grew up with 186 branches in the current Pakistan. During the year 1974 Australian bank was renamed as Allied bank as the board of directors was dissolved. Allied Bank was privatized in the year 1991 and it was the first bank of the world that was owned by its own employees. Later on, in the year 2004 Allied Bank was handed over to the Ibrahim Group.
Services
Currently Allied Bank is providing the following services to its value clients:
Home Remittances
Remittance
Hajj Services
Utility Bills
Lockers
Commodity Operation
E-Banking
Allied Bank has a wide network of its customer that are being facilitated through electronic banking beyond hurdles, currently Allied Bank is providing following important facilities to its clients:
- Cash Deposit for Immediate Credit to Remote Branch
- Remote Cheque Encashment from any Online Branch
- Instant Funds Transfer Between any two Online Branches
- Remote Balance Inquiry and Statement of Account
