Allied Bank Ltd.

Allied Bank Ltd.

Allied Bank Ltd.

Overview
Date Founded

1942

Headquarters

3 Tipu Block,Main Boulevard,New Garden Town,Lahore, Punjab 54000

Type of Company

Public

Employees (Worldwide)

11.6K

Industries

Retail & Commercial Banking

Company Description

Allied Bank Ltd. engages in the provision of commercial banking services. It operates through the following segments: Corporate and Investment Banking, Trading and Sales, Commercial & Retail Banking, and Others. The Corporate and Investment Banking segment offers financial services to medium and large sized public and private sector entities and also covers overseas operation of the bank. Its ervices include providing and arranging tenured financing, corporate advisory, underwriting, cash management, trade products, corporate finance products, and customer services on all bank related matters. The Trading and Sales segment undertakes the treasury, money market, and capital market activities of the bank. The Commercial & Retail Banking segment provides services to commercial and retail customers including agriculture sector, which includes loans, deposits, and other transactions. The Others segment includes functions which cannot be classified in any of the above segments. The company was founded in December 1942 and is headquartered in Lahore, Pakistan.

Website
Executives & Employees

Chief Executive Officer & Director

Chief Financial Officer

Chief Compliance Officer

Chief Treasury Officer

Group Chief Service Excellence Officer

Head-Corporate Banking Multan & Faisalabad

Secretary & Chief Corporate Affairs Officer

Group Chief Banking Services Officer

Chief Corporate & Investment Banking Officer

Group Chief Commercial & Retail Banking-South

Board of Directors

Chief Executive Officer & Director at Ibrahim Holdings Pvt. Ltd.

Non-Executive Director at The Hub Power Co. Ltd.

Chief Executive Officer & Director at Allied Bank Ltd.

Former Chief Executive Officer at Ibrahim Leasing Ltd.

Former Chief Executive Officer & Managing Director at Pak Oman Investment Co. Ltd.

Professor-Emeritus at National University of Science and Technology

Non-Executive Director at Allied Bank Ltd.

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Owners & Shareholders
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NBP Fullerton Asset Management Ltd. is a company headquartered in Karachi, and ultimately controlled by the Government of Pakistan. The firm manages income and equity open-end funds. It was founded in 2005. Amjad Waheed is currently the CEO of the company.

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State Life Insurance is an active manager which invests their funds in accordance with the provisions outlined by the Government of Pakistan, aiming to extend the benefits of insurance to all sections of society and meet their commitments to policy holders and the nation.The firm invests in a range of instruments including government securities (Pakistan treasury bills, Pakistan investment bonds), approved government securities (Wapda Bonds, Provincial Securities/TFCs), loans (term finance certificates), equities (shares of listed and unlisted companies) and real estate.

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Tundra Fonder AB is a Swedish private company located in Stockholm. The firm provides investment advice. Jon Scheiber is the CEO, in this role since 2013.

Recent Transactions
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Allied Bank Ltd., Dawood Hercules Corp. Ltd. purchase The Hub Power Co. Ltd. from International Power Ltd.

Clients

Jubilee Life Insurance Co. Ltd. engages in the provision of life insurance, carrying on non-participating business. The company operates in the following segments: Individual Life Unit Linked, Conventional Business, Accident and Health, Overseas Group Life and Health, and Takaful Operations. The Individual Life Unit Linked segment provides life insurance coverage to individuals under unit based policies issued by the company. The Conventional Business segment includes individual life conventional and group life. The Accident & Health Business segment offers personal accident coverage to individuals and inpatient and outpatient health coverage to member enterprises, corporate entities, and common interest groups under group health insurance schemes. The Overseas Group Life and Health segment comprises of s life insurance coverage and inpatient and outpatient health coverage to overseas corporate entities under overseas group life and health policies. The Takaful Operations segment covers individual family takaful, group family takaful, and accident and health takaful. The company was founded on June 29, 1995 and is headquartered in Karachi, Pakistan.

EFU Life Assurance Ltd. engages in the provision of life insurance. It operates through the Family Takaful Investment Linked Business and Family Takaful Protection Business segments. The Family Takaful Investment Linked Business segment provides family takaful coverage to individuals under unit-linked policies. The Family Takaful Protection Business segment offers family takaful coverage to member of business enterprises, corporate entities, and common interest groups under group family takaful scheme operated by the company. The company was founded on August 9, 1992 and is headquartered in Karachi, Pakistan.

Key Stats and Financials As of 2017
Market Capitalization
$97.3B
Total Enterprise Value
$297B
Earnings Per Share
$11.29
Revenue
$75.1B
Net Profit
$12.9B
Total Debt
$285B
Total Equity
$108B
Enterprise Value Sales
3.95x
TEVNet Income
22.94x
Debt TEV
0.96x
Three Year Compounded Annual Growth Rate Of Revenue
-2.14%
Five Year Compounded Annual Growth Rate Of Revenue
3.34%