COMMERCIAL BANKING ASSIGNMENT BANK: ALLIED BANK LIMITED (ABL) GROUP MEMBERS: HARIS KHAN (2017-BBA-049) SHOAIB ASGHAR (2017-BBA-001) Overview of ABL: 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. Today, with its existence of over 75 years, the Bank has built itself a foundation with a strong equity, assets and deposit base. It offers universal banking services, while placing major emphasis on retail banking. The Bank has a large network of over 1350 online branches & 1500+ ATMs in Pakistan and offers various technology-based products and services to its diverse clientele Vision To become a dynamic and efficient bank providing integrated solutions in order to be the first choice bank for the customers. Mission To provide value-added services to our customers. To provide high-tech innovative solutions to meet customers’ requirements. To create sustainable value through growth, efficiency and diversity for all stakeholders. To provide a challenging work environment and reward dedicated team members according to their abilities and performance. To play a proactive role in contributing towards the society. Core Values Integrity Excellence in Service High Performance Innovation and Growth PRODUCT AND SERVICES (PERSONAL BANKING): 1. Everyday Accounts Current Account Allied Youth Account Allied Asaan Account Allied Express Account Allied Rising Star Allied Senior Citizen Account Allied Bharosa Account 2. Savings & Term Deposits Allied Term Plus Deposits Allied Express Plus 1 Term Deposit Foreign Currency Term Deposit Allied Advance Profit Plus Payment Platinum Rewarding Profit Account 3. Digital Banking Services myABL Digital Banking myABL Personal Internet Banking Voice Assisted Banking with myABL myABL PFM – Personal Finance Management Allied Bank Open Banking Biometric ATM Service 4. Credit & Debit Cards Allied Visa Premium Debit Card Allied Visa Classic Debit Card Secure Online Shopping (Verified by Visa) Allied Visa Credit Card Deals and Discounts Allied UPI PayPak Classic Debit Card 5. Consumer Finance Allied Car Finance Allied Home Finance 6. Theme Branches Village Branch Women Banking Youth Banking Solar-powered Branch