Tag Archives: Allied Bank Limited

Allied Bank Limited’s approval of 2nd Interim Cash Dividend for the Year 2016

Karachi, August 10, 2016 (PPI-OT):The Board of Directors of Allied Bank Limited in its meeting held today, has approved second interim cash dividend for the year ending December 31, 2016 @ 17.5% i.e. Rs. 1.75 per share. The Share Transfer Books of the Bank will remain closed from August 25, 2016 to August 31, 2016 (both days inclusive). The dividends will be paid to the Members whose names appear on the Register of Members as on August 24, 2016; however, the transfer requests received at the office of Bank’s Shares Registrar at the close of business on August 24, 2016 will be treated in time for determining the entitlement of the dividend.

For more information, contact:
Allied Bank Limited
Khayaban-e-Iqbal, Main Clifton Rd, Bath Island,
Karachi, Pakistan
Tel: 92-21- 111 110 110
Email: info@abl.com

Allied Bank and Mobilink partner to promote financial inclusion and domestic remittance

Karachi, June 29, 2016 (PPI-OT):Allied Bank, the fourth largest private sector commercial bank in Pakistan with a branch network of over 1,050 branches and Mobilink, the nation’s largest Mobile Network Operator with over 35M subscribers have announced a partnership to promote financial inclusion through enabling of JazzCash domestic remittance services for ABL to mutually serve customers of Allied Bank and Mobilink Microfinance Bank.

The domestic remittance service will enable ABL customers to initiate domestic remittance transaction at an ABL Branch or using available Digital Banking Channel and the beneficiaries of JazzCash can collect the proceeds from any ABL branch in addition to 60K+ JazzCash agent locations throughout Pakistan.

Jeffrey Hedberg, President and CEO – Mobilink, on his visit to Allied Bank head office at Lahore, said, “JazzCash is continuously expanding its footprint to reach out with a portfolio of services which bring convenience to the lives of our customers. We are absolutely delighted to partner with Allied Bank as we jointly advance our ambition to build sustainable bridges between the unbanked and banked population across the communities of Pakistan.”

Speaking on the occasion, Mr. Tariq Mahmood, President and CEO ABL said, “We are excited to collaborate with an experienced partner like Mobilink to launch domestic remittance to usher in the branchless banking services and for furthering the national financial inclusion agenda. This synergy besides improving access to financial services for unbanked segments of the society will establish a direct/ straight through processing of flow of funds from already banked customers to unbanked groups and in bringing them closer to mainstream banking channel.”

For more information, contact:
Allied Bank Limited
Khayaban-e-Iqbal, Main Clifton Rd, Bath Island,
Karachi, Pakistan
Tel: 92-21- 111 110 110
Email: info@abl.com

Allied Bank Limited’s approval of 1st Interim Cash Dividend for Year 2016

Karachi, April 26, 2016 (PPI-OT):The Board of Directors of Allied Bank Limited in its meeting held today, has approved first interim cash dividend for the year ending December 31, 2016 @ 17.5% i.e. Rs. 1.75 per share. The Share Transfer Books of the Bank will remain closed from May 11, 2016 to May 17, 2016 (both days inclusive). The dividends will be paid to the Members whose names appear on the Register of Members as on May 10, 2016; however, the transfer requests received at the office of Bank’s Shares Registrar at the close of business on May 10, 2016 will be treated in time for determining the entitlement of the dividend.

For more information, contact:
Allied Bank Limited
Khayaban-e-Iqbal, Main Clifton Rd, Bath Island,
Karachi, Pakistan
Tel: 92-21- 111 110 110
Email: info@abl.com

Financial results of ABL Asset Management Company Limited for the period ended June 11, 2015

Karachi: ABL Asset Management Company Limited informed Karachi Stock Exchange about that the Chief Executive Officer of ABL Asset Management Company Limited ABL AMCL on behalf of the Board of Directors, on June 12, 2015.
The agenda of the meeting Interim distribution of Rs.1.4370 per unit (14.37% of the per value of Rs.10) for ABL-IF for the period ended June 11, 2015

Further, The above entitlement will be distributed to the unit holders whose name appeared in the register of unit holders of ABL-IF at the close of business day on Thursday June 11, 2015.

Allied Bank Limited is incorporated in Pakistan under the Companies Ordinance, 1984. It is a scheduled bank, engaged in commercial banking and related services. The Bank operates a total of 948 branches in Pakistan, 1 branch in Karachi Export Processing Zone Branch, and 1 wholesale banking branch in Bahrain. The subsidiary of the company includes ABL Asset Management Company Limited. The bank is listed on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is situated at Lahore.

The services of the company are in the personal and business banking segment. The services of the bank in the banking segment includes everyday accounts, lifestyle banking, savings and term deposits, credit and debit cards, domestic remittances, banc-assurance and e-banking services.

The symbol “ABL” is being used by the stock exchanges for the shares of Allied Bank Limited.