Pakistan Company News – Financial results of Allied Bank Limited for Quarter ended June 30, 2018

Financial results of Allied Bank Limited for Quarter ended June 30, 2018

Karachi, Allied Bank Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 09, 2018.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended June 30, 2018 which portrayed a profit of Rs. 3,372,590 and Rs. 3,400,923 with earnings per share 2.95 and 2.97 basic and diluted respectively.

Further, 20% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from August 30, 2018 to September05, 2018 (both days inclusive).

Allied Bank Limited is incorporated in Pakistan under the Companies Ordinance, 1984. It is a scheduled bank, engaged in commercial banking and related services. The Bank operates a total of 948 branches in Pakistan, 1 branch in Karachi Export Processing Zone Branch, and 1 wholesale banking branch in Bahrain. The subsidiary of the company includes ABL Asset Management Company Limited. The bank is listed on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is situated at Lahore.

The services of the company are in the personal and business banking segment. The services of the bank in the banking segment includes everyday accounts, lifestyle banking, savings and term deposits, credit and debit cards, domestic remittances, banc-assurance and e-banking services.

The symbol “ABL” is being used by the stock exchanges for the shares of Allied Bank Limited.