Allied Bank Limited has been named as the Strongest Bank in Pakistan in the "Asian Banker 500 (AB 500) Strongest Bank by Balance Sheet Ranking 2015". AB 500 is an evaluation of the 500 largest banks in the Asia Pacific region for the financial year 2014. The AB 500 Strongest Banks by Balance Sheet Ranking is the most comprehensive annual evaluation that captures the quality and sustainability of the balance sheets of banks in the region. It tracks the relative financial strengths of banks in response to their respective market conditions, based on a common scorecard.
Tahir Hassan Qureshi, Chief Operating Officer, Allied Bank Limited, received the award at a ceremony held at Sands Expo and Convention Centre, Marina Bay Sands, Singapore on October 13, 2015. Allied Bank Limited has been declared as the strongest bank in Pakistan, based on its financial results in 2014. The Bank's impressive showing was underscored by robust results in its profitability and risk profile metrics, especially its return on asset and capital adequacy ratios. The award also recognises the strength, liquidity and sustainability of the Balance Sheet in a challenging market place, relative to peers in the industry.-PR
Comments
Comments are closed.