Allied Bank Limited’s credit rating June 2013

Karachi, July 10, 2013 (PPI-OT): In Terms of prudential regulation (G-4) we are pleased to attach copy of Rating Report issued by PACRA on Allied Bank Limited (ABL).

The Pakistan Credit Rating Agency (PACRA) has maintained Long-Term Ratings of Allied Bank Limited “AA+” (Double A plus). The Short-Term Rating of the Bank is already at the highest level of “A1+ (A one plus).

The rating of the unsecured, listed and subordinated TFC-II (PKR 3,000 Million) has also been maintained “AA” (double A).

The rating reflects demonstrated efficiency of ABL’s strategy aimed at ensuring consistent profitability without compromising quality of other key variables. The Bank remains focused on strengthening its infrastructure and improving quality of service-pre-requisite to enhance market penetration in a competitive environment.

For more information, contact:
Muhammad Raffat
Company Secretary
Allied Bank Limited
8 Kashmir Road,
Lahore- 54000, Pakistan

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