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t 1947 when the subcontinent was divided into two separate countries Pakistan and India, all the branches in operation of Australia Bank in the Indian region were closed down in all of the cities fall in the territory of the India and at the same time new branches were open in the territory of Pakistan, initially in the eight major cities of Pakistan later with the time, expansion in branches reached to the small cities aswell. At that time the economic condition of the migrants was very miserable people don't have cloth to wear and food to eat, the Australia Bank took a decisive step and fully financed the trade of basic needs at very flexible terms. The bank kept on progress and it had more than 100 branches by the end of the year 1970. In 1971 the bank has to suffer a huge loss of assets when East Pakistan was separated as Bangladesh, in the shape of more than 50 branches operating in East Pakistan. Further new branches were opened and the total number of branches reached almost 180 in 1973.

Allied Bank Ltd from 1974-1991

The Australia Bank Limited was renamed as Allied Bank Limited in 1974. This year remained a very successful for the Allied Bank Limited. 50% growth in deposits was observed and the deposited reached about 1460 million Pakistani Rupees, a 72% increase was observed in investments and the deposits of the Allied Bank first time exceed the barrier of 1000 Million Pakistani Rupees. During the year 1974 the Allied Bank Limited earned a profit of more than 10 million rupees.

More than 100 branches were opened in this year and the bank started financing the government in its agricultural program. From 1974 to 1991 the bank grew rapidly to total number of branches reached to 752 with the following financial position:

Total Deposits 1991: 1.48 Billion Rupees

Total Investment: 22 Billion Rupees

Achievement: 3 Branches were open in the United Kingdom

Allied Bank from 1991 to 2005

The Allied Bank Ltd. was privatised in 1991, and the bank achieved another historical mark being the world's first bank that was owned and managed by its employees. Achievements from 1991 to 2005:

Capital & Reserves: 1.6 Billion Rupees

Assets: 88.456 Billion Rupees

Deposits: more than 75 Billion Rupees

Late in the year 2004 the capital reconstruction took place and the Allied Bank's Ltd. ownership was given to the Ibrahim Leasing Limited.

Allied Bank Limited from 2005 to the date:

Allied bank limited kept on his story of growth and achieved many mile stones and ultimately the Allied Bank Limited got listed in the all three stock markets of the country during this period.

ON LINE BRANCH NETWORK

All the customers of the Allied Bank of Pakistan who maintain their accounts at any of the online branch of the country can avail the facility of the Online Banking. By using this service offered by the Allied Bank of Pakistan the customer can deposit cash in either branch of the bank that can be credited to the any remote branch instantly. The customers can also transfer funds between any 2 or more本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。