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Allied Bank was established on 3 December 1942, as Australasia Bank at Lahore with an initial capital of Rs 120,000 by Khawaja Bashir Bux, the son of a silk trader. [3] Khawaja Bashir Bux's father, who was originally from Kashmir , had settled in Lahore after being orphaned at a young age. [ 3 ]
On August 19, 1977, it was authorized to operate an expanded foreign currency deposit unit (FCDU) and in December 1981 granted to operate as expanded commercial bank or universal bank. As of December 31, 2007, Allied Bank was the 9th largest private domestic commercial bank in the country in terms of total deposits, and the 10th largest in ...
Allied Bank Zimbabwe Limited, a commercial bank in Zimbabwe Allied Bank Uganda Limited, the name of Bank of Africa (Uganda) from 1996 until 2006 Topics referred to by the same term
Edgar Bancod, research head, ATR-Kim Eng Securities, stated that the merged bank would become the country's fourth biggest, after Metrobank, Banco de Oro, and Bank of the Philippine Islands. [12] [13] On December 12, 2007, official statements from PNB and Allied Bank confirmed the impending merger of both banks by early 2008. [14]
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In November 2021, Allica Bank acquired Allied Irish Banks's British SME lending portfolio, composed of about £600 million of loans to 2,000 customers. [7] The process was reported to have completed in August 2022. [8] Allica Bank launched its business current account in January 2023.
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With 70 branches throughout Ireland, EBS offers residential, personal loans, savings accounts and investment products. It formerly did not offer current accounts using its own resources and instead through an agreement with Allied Irish Banks, an ATM card service was operated using AIB's Banklink system. This has now been withdrawn and a debit ...