KARACHI: The earnings of Allied Bank Limited (ABL) declined 5 per cent on a year-on-year basis to Rs17.5 billion for the year ended December 31, 2021. While growth in net fee income (NFI) and reversal in provisioning supported the overall earnings, profitability for the year was down in 2021 mainly due to lower net interest … Read more
Allied Bank Limited The Allied Bank Limited (ABL) has managed to take its current investment book up to 88 per cent of its deposit size, one of the highest levels historically, on the back of increasing borrowings through repo (25 per cent of deposits). With 54 per cent of the investment book parked in shorter … Read more
KARACHI: Pakistan’s telecom company, Ufone, has secured its largest syndicated financing facility jointly led by the MCB Bank Limited (agent bank), Allied Bank Limited (ABL), Bank of Punjab (BoP), National Bank of Pakistan (NBP), and the United Bank Limited (UBL) to fund the acquisition and rollout of its 4G services across Pakistan, a statement said. … Read more
