Tag Archives: ABL

Board meeting of Allied Bank Limited be held on August 05, 2015

Karachi: Allied Bank Limited informed Karachi Stock Exchange that board of directors meeting of the bank will be held on August 05, 2015 at Lahore. The agenda of the meeting is to interalia consider Financial Statements of the Bank for half Year ended June 30, 2015 and declaration of any entitlement. “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.

Banking sector earning to remain flat in 2Q

LAHORE: With 1Q sector earnings rising by 24 percent, the banking sector experts view a similar trend is likely to prevail for the remaining part of the year. High interest rate environment is likely to keep spreads steady at current levels of 7.5 percent. Further, many of the banks continue to work on generating a