PACRA Maintains Entity Ratings of Allied Bank Limited
Lahore, December 29, 2017 (PPI-OT):The ratings reflect sustained risk profile of Allied Bank Limited (ABL). This emanates from a sound equity base and robust liquidity profile. The bank has improved its equity base over the years. The bank continues to hold its position among the largest banks of the country in terms of deposits and advances. The bank remains focused on increasing its footprint in the market with consistent increase in number of branches. The strengthening retail deposit market would enable further improvement in deposit granularity in terms of concentration as well as funding cost.
The ratings recognize the management’s concerted efforts in sustaining the sound asset quality, while selectively expanding its advances portfolio. The concentration in lending portfolio is in line with bank’s strategy of lending to large sized financially strong private groups and public sector entities. Enhanced diversification in its revenue stream, higher penetration in retail deposits and continuous improvement in cost structure remain crucial for Bank’s ratings.
For more information, contact:
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425