The Allied Bank Limited started in 1942 and has since expanded to become one of the largest banks in Pakistan with over 1,350 branches. In 2004, its ownership was transferred to a consortium including the Ibrahim Group and it was renamed Allied Bank Limited. More recently, Allied Bank Limited signed an agreement with Bank of China to promote trade and investments between Pakistan and China under China's One Belt One Road initiative.
The Allied Bank Limited started in 1942 and has since expanded to become one of the largest banks in Pakistan with over 1,350 branches. In 2004, its ownership was transferred to a consortium including the Ibrahim Group and it was renamed Allied Bank Limited. More recently, Allied Bank Limited signed an agreement with Bank of China to promote trade and investments between Pakistan and China under China's One Belt One Road initiative.
The Allied Bank Limited started in 1942 and has since expanded to become one of the largest banks in Pakistan with over 1,350 branches. In 2004, its ownership was transferred to a consortium including the Ibrahim Group and it was renamed Allied Bank Limited. More recently, Allied Bank Limited signed an agreement with Bank of China to promote trade and investments between Pakistan and China under China's One Belt One Road initiative.
The Allied Bank Limited started in 1942 and has since expanded to become one of the largest banks in Pakistan with over 1,350 branches. In 2004, its ownership was transferred to a consortium including the Ibrahim Group and it was renamed Allied Bank Limited. More recently, Allied Bank Limited signed an agreement with Bank of China to promote trade and investments between Pakistan and China under China's One Belt One Road initiative.
Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt
You are on page 1/ 3
The
Bank started out in Lahore by the name Australasia Bank before independence in 1942;
and became Allied Bank of Pakistan in 1974. In August 2004, because of capital reconstruction, the Bank's ownership was transferred to a consortium comprising Ibrahim Group; therefore, it was renamed as Allied Bank Limited in 2005. ABL is amongst the top financial institution in Pakistan with 1,350 branches across the country and having international presence in UAE, Bahrain and China. Allied Bank Limited (ABL) and Bank of China-Pakistan (BOCP) have entered into a Memorandum of Understanding (MoU) in Beijing. The MoU sets out a conceptual framework for cooperation through which both institutions can develop business synergies, and it formalizes a strategic partnership that aims to promote trade and investments relating to China’s One Belt One Road Initiative. Banking research The most common types of research in the financial services and banking sector: customer satisfaction and loyalty studies, consumer behaviour research (e.g. Usage and Attitude), customer service quality analysis (e.g. mystery shopping), target group research, corporate image research, B2B research. Customer satisfaction Customer satisfaction research consist of a detailed analysis of customer behaviour supported by a measurement tool – a questionnaire or survey. Satisfaction measures allow comparison over time and the assessment of sales and marketing departments. Customer satisfaction research allows the identification of the strengths and weaknesses of a company as perceived by customers, as well as the definition of the areas most highly valued by customers. Moreover, it allows a focus on improving the quality of services/products, expanding the product mix and tailoring the products to customers’ expectations. In general, satisfaction is strongly correlated with loyalty. However, it is not always easy to find straightforward similarities between the two. That is why it is worth analysing these two phenomena together with the customer satisfaction level. Satisfaction is the key to gaining customers’ loyalty.
Consumer behaviour research
Thanks to a thorough understanding of consumer behaviour – how and for what purpose consumers use a given product or service - it is possible to properly adapt a company’s offering to market needs. Consumer behaviour research is the most general category of studies related to consumers. It helps companies look at their products and services from the consumer’s point of view. B2B In a fast changing world, it is extremely important to thoroughly research a market before taking any business steps. Information on new players, products and advertising campaigns is key to planning a corporate development strategy. Market research involves a comprehensive overview of the market, making it possible to identify market niches and determine growth prospects, including potential barriers and formal restrictions to entry. The end product of market research is a report containing an overview of market conditions with the agreed level of detail, as well as an assessment of the market’s value and description of entry barriers. Usually, as part of a research project we prepare an entry strategy analysis under several different scenarios (best case, worst case and moderate). By employing complementary data collection techniques and a cross-verification model, we arrive at the most complete and accurate picture of the market.
The unplanned borrowing from different sources increased both private and public consumption resulting in higher debt repayment liabilities, which created severe macroeconomic imbalances. The investment did not pick up as higher demand was met primarily through imports leading to enormous rise in external imbalances. Due to low growth in revenues and the unplanned and unproductive expenditures, the fiscal deficit widened. The persistence of large fiscal and current account deficits and associated buildup of public and external debt became the major source of macroeconomic imbalance. The new elected government faces formidable macroeconomic challenges. The foremost challenge to the economy is the rising aggregate demand without corresponding resources to support it, leading to rising fiscal and external account deficits. The government has also taken some overdue tough decisions i.e. increase in energy tariffs to stop further accumulation of circular debt, reduction in imports through regulatory duties and withdrawal of some of the tax relaxations given in the last budget in order to arrest the deterioration in primary balance.
Asset growth of the banking sector has moderated to 4.7 percent during H1CY18 The prime reason behind this deceleration is 3.6 percent decline in net-investment (mainly in govt. securities) due to shift in government’s borrowing from commercial banks to SBP. Islamic Banking Institutions (IBIs) have played a vital role in total banking sector’s asset expansion during H1CY18. Relative to their market share of 12.9 percent, IBIs have contributed almost one fourth of the growth in the assets base of the banking system, which is more than double the contribution in the comparable period of previous year. Advances to SMEs have observed higher net. Allied bank
The banking sector outlook remains challenging, amidst crucial global operating and regulatory conditions, re-pricing risks under rising interest rate scenario, evolving customer experience dynamics, weak credit expansion and a dearth of quality lending avenues. Your Bank has also entered into an agreement with 1-Link for issuance of first ever ‘PayPak- Union Pay International’ (UPI) co-badged debit cards, with a view to facilitate customers seeking both international and domestic spending convenience. Your Bank kept pace with the transforming landscape through upgrade of ‘myABL Digital banking’ app using top of the line Oracle Digital Banking Experience (OBDx) platform; designed exclusively to enable customers to seamlessly perform financial transactions. A key initiative of Your Bank for 2019 also includes the planned launch of Branchless banking services. Allied ‘Visa Premium Debit Card’, launched during the period, facilitated Your Bank’s valued customers in carrying out Point of Sale (POS) and cash withdrawal transactions with enhanced per day limits and a host of domestic and global features offered by Visa exclusively to Signature Card customers, while initiation of 3-D secure services on all ABL Visa debit and credit cards further improved customer confidence in online shopping while minimizing risk of fraud. Pakistan Credit Rating Agency (PACRA) maintained Bank’s Long-Term and Short-Term Ratings to the highest level of “AAA” (Triple A) and “A1+” (A One Plus) respectively. These ratings denote exceptionally strong capacity for timely payment of financial commitments with lowest expectation of credit risk. Your Bank consolidated its position as one of the only select group of financial institutions in the country to maintain highest entity credit ratings.
