81,9(5,67<2)7+(381-$%1 History of Allied Bank of Pakistan Allied Bank Limited was the first bank to be established in Pakistan. It started out in Lahore by the name Australasia Bank before independence in 1942, and then it was renamed Allied Bank of Pakistan Limited in 1974 and then Allied Bank Limited in 2005. In August 2004, because of capital reconstruction, the Bank¶s ownership was transferred to a consortium comprising Ibrahim Leasing Limited and Ibrahim Group. ABL was established in Lahore before independence in 1942 Allied Bank Limited is one of the largest banks in Pakistan with more than 700 Branches connected to an online network. In August 2004 the Bank was restructured and the ownership was transferred to Ibrahim Group. OverviewAllied Bank was the first Muslim bank to have been established in Pakistan. Established in December 1942 as the Australasia Bank in Lahore with a paid-up share capital of Rs. 0.12 million under the Chairmanship of Khawaja Bashir Bux, the Bank attracted deposits equivalent to Rs. 0.431 million in its first eighteen months of business. At the time, the Bank¶s total assets amounted to Rs. 0.572 million. Today, Allied Bank's paid up Capital & Reserves amount to Rs. 10.5 billion, deposits exceed Rs. 143 billion and total assets equal Rs. 170 billion. The Bank¶s journey has been about dedication, commitment, professionalism and adapting to environmental changes, leading to its immense growth and stability. It is these factors that have made it a Bank the rest look up to. A view of Khawaja Bashir Bux's Residence. The first branch of Australasia Bank. Khawaja Bashir Bux¶s Residence >>>>>>>>>>>>>>>>