allied bank limited (abl)
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Change Management
The Project of Change Management
On
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Presenters:
Umar Fareed Raza (922)
Syed Abbas Raza (915)
Azizullah Khan (937)Mian Asim Ali (938)
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Allied Bank Limited
(ABL)
Areas of our Focus Are:People
Structure
Technology
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Overview
Allied Bank is the first Muslim bank, to have beenestablished on the territory that became Pakistan.
Established in December 1942 as the Australasia Bankat Lahore with a paid-up share capital ofRs. 0.12
million under the Chairmanship of Khawaja Bashir Bux. the Bank had attracted deposits, equivalent to Rs.
0.431million in its first eighteen months of business.Total assets then amounted to Rs. 0.572 million.Today Allied Bank's paid up Capital & Reserves amount
to Rs. 10.5 billion, deposit exceeded Rs. 143 billionand total assets equal Rs. 170 billion.
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A Glance on History of theBank
The Pre Independence History (1942 to1947)
1. In the early 1940s the Muslim community was beginningto realize the need for the active participation in the field
of trade and industry.
2. Banking, was an exclusive enclave of the Hindus and itwas widely believed, and wrongly so, that Muslims were
temperamentally unsuited for this profession.
3. Khawaja Bashir Bux establishing this first Muslim bank onthe soil of Punjab that was to become Pakistan inDecember 1942; by the name of Australasia Bank Limited.
4. The initial equity of the Bank amounted to Rs 0.12 million,which was raised to Rs 0.5 million by the end of first full
year of operation, and by the end of 30th June 1947capital increased to Rs. 0.673 million and deposits raised
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A view of Khawaja Bashir Bux'sResidence. The first branch ofAustralasia Bank.
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Continues Australasia Bank (1947 to 1974)
1. Australasia Bank was the only fully functional MuslimBank on Pakistan territory on August the 14th, 1947.
2. The bank was identified with the Pakistan Movement. Atthe time of independence all the branches in India,
(Amritsar, Batala, Jalandhar, Ludhaina, Delhi and Angra
(Agra)) were closed down. New Branches were opened inKarachi, Rawalpindi, Peshawar, Sialkot, Sargodha, Jhang,Gujranwala and Kasur. Later it network spread to Multan
& Quetta.
3. Australasia Bank made a profit of Rs 50,000 during 1947-
48.
4. By the end of 1970 it had 101 branches. Unfortunately itlost 51 branches in the separation of East Pakistan.
5. By the end of 1973 the bank had 186 branches in West
Pakistan.
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Continues
Allied Bank (1974 to 1991)
1. In 1974, the Board of Directors of Australasia Bankwas dissolved and the bank was renamed as Allied
Bank.
2. The first year was highly successful one: profitexceeded the Rs 10 million mark
3. 116 new branches were opened during 1974
4. Branches increased from 353 in 1974 to 748 in 1991.
5. It also opened three branches in UK.
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Continues
Allied Bank (1991 to 2004)
1. As a result of privatization in September 1991, AlliedBank entered in a new phase of its history, as theworlds first bank to be owned and managed by its
employees.
2. Allied Bank enjoyed an enviable position in thefinancial sector of Pakistan and was recognized as
one of the best amongst the major banks of thecountry.
3. In August 2004 as a result of capital reconstruction,the Banks ownership was transferred to a consortium
comprising Ibrahim Leasing Limited and Ibrahim
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Continues (2005 To date)
1. In May 2005 Ibrahim Leasing Limited was also mergedwith Allied Bank
2. ILL shareholders were issued ABL shares
3. ABL was formally listed and trading of the shares of theBank commenced w.e.f. the following dates.
Islamabad Stock Exchange 8th
August 2005Lahore Stock Exchange
10th August 2005Karachi Stock Exchange
17th August 2005
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Today!
Today the Bank stands on a solid foundation of over64 years of its existence:
having a strong equity, assets and deposits base offering universal banking services with higher focus on retail
banking.
The bank has the largest network of on-linebranches in Pakistan and offers various technologybased products and services to its diversified clientelethrough its network of more than 740 branches.
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Vision
To become a dynamic and efficient bankproviding integrated solutions in order to
be the first choice bank for thecustomers.
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Mission
To provide value-added services to our
customers
To provide high-tech innovative solutions tomeet customers requirements
To create sustainable value through growth,efficiency and diversity for all stakeholders
To provide a challenging work environmentand reward dedicated team members
according to their abilities andperformance
To play a proactive role in contributing
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Values
Integrity
Excellence in service
High performance
Innovation and growth
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People (In focus) In start they just recruit employees who r
hardworking, not specific criteria was there.
The Bank did not fired a single employee just
because of introducing a new change ofComputerized system in all branches in 2000,and people even did not resist much on that,in fact the employee accept it with great zealand enthusiasm.
Bank started hiring Management traineesfrom last year, before that they were calledprobation officers.
Allied Bank has more than 7 139
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ABL Declares 20% Bonus & 25%Dividend
The shareholders of Allied Bank Limited (ABL) in their 61stAnnual General Meeting held on 29th March 2007 atLahore adopted the Annual Accounts of the Bank for theyear 2006. The shareholders also accorded approval forthe payment of 25% cash dividend and issuance of bonusshares @ 20% by utilizing share premium account in the
proportion of twenty shares for every 100 shares held.
The meeting observed that during 2006 the Bankexhibited excellent overall performance and recordedhighest ever earning in the Banks history of over 60years. The Operational Profit before provisions and
taxes increased by 37% to Rs.7,574(m), After Tax Profitof Rs.4,397(m) registered growth of 42% over 2005figures resulting in improvement in earning per sharefrom Rs.6.88 per share in 2005 to Rs.9.80 per sharein 2006. During the year 2006 deposits were increased toRs.206,031(m) registering a growth of 28% and grossadvances increased by 27% to Rs.151,705(m).
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Incentives and Rewards
There is no hard and fast rule forrewards and incentives.
It is totally based on the performance ofthe employees.
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Board Of Directors
Mohammad Naeem MukhtarChairman
Khalid A. SherwaniDirector/President & CEO
Sheikh Mukhtar AhmedDirector
MohammadWaseem Mukhtar
Director
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Sheikh Jalees Ahmed
Director
Abdul Aziz KhanDirector
Farrakh QayumDirector
Nazrat Bashir
Director
Tasneem M Noorani
DirectorMubashir A Akhtar
DirectorKamal Monnoo
Director
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Structure (In Focus)
The bank has the largest network ofon-line branches in Pakistan.
740 branches are there in all overPakistan.
The structure of Branches are quitesimple, and Allied bank did not changeit in spite of introducing Computerbased system in 2000.
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Branch Network
http://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=FAISALABADhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=LAHOREhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=KARACHIhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=HYDERABADhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=NAWABSHAHhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=MULTANhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=SAHIWALhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=BAHAWALPURhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=RAHIMYAR%20KHANhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=QUETTAhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=SUKKURhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=KOHAThttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=RAWALPINDIhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=ISLAMABADhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=LAHOREhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=SIALKOThttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=FAISALABADhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=GUJRANWALAhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=GUJRAThttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=SARGODHAhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=JHANGhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=MIRPURhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=ABBOTTABADhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=MARDANhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=MUZAFFARABADhttp://www.abl.com.pk/resultOnlineBranchNetwork.asp?City_Name=PESHAWAR -
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Journey towards future
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Structure of Branch
Import & Export Managers are there in Branches which dealsin Foreign Exchange
Chief
Manager
CashierAdvance
Incharge
Import
Incharge
Export
Incharge
CD
Incharge
Customer
ServiceManager
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Higher Management Structure
Board of Directors
Group Head
(HR)
Group Head
(Operations)
Group Head
(Marketing)
Group Head
(Fianace)
President
Departmental
Heads
Departmental
Heads
Regional General
Managers
Ranking Structure of
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Ranking Structure ofEmployees in ABL
President
SEVP SEVP SEVP
EVP
SVP
VP
AVP
OG1
OG2
OG3
Cashier
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Some Other Information
Before Ibrahim group take over the Bankhad 27 Regions but today there are 11
regions.
There are 25 branches dealing with foreign
Exchange in all over Pakistan and 3branches in Faisalabad are dealing inforeign Exchange.
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Products
Accounts Current Account
PLS Saving Deposits
Foreign Currency Deposits
Allied Profit Plus Term Deposit 8%
Allied Profit Plus Deposit Account 9.5%
Allied Monthly Income Scheme 10.2%
Allied Bachat Scheme: (ABS) 13.33%
Alternative Delivery Channels
Allied Cash+ Card Online Banking
Internet Banking
Helpline
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Continues
Lending Products
LC
LG
Agricultural Finanace Export Business/Trade Finance
Running Finance
Demand Finance
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Services
Allied Bank offers the following services to itscustomers:
- Home Remittances - Remittances - Hajj Services - Utility Bills
- Lockers - Commodity Operations - Helpline (+92 800-22522)
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Technology (In Focus)
ATM Network
1. Allied Bank has vast network of ATM's
presently consisting of 100 ATM'sinstalled in over 40 cities which isundergoing expansion.
2. In addition Allied Bank is a memberof 1-LINK ATM sharing switchcomprising of over 600 ATM'snationwide.
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Continues
Master Card
1. Allied Bank under license from Master
Card International, U.S.A issues it'sMaster Card to anyone meeting theeligibility criteria.
2. Accepted at 16,000+ establishmentsin Pakistan and over 17 millionretailers across the world,
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Continues
Allied Cash+ Card
Online Banking
Internet Banking
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Thanx for yourAttention!
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