Allied Bank has been recognised as the "Best Retail Bank in Pakistan." Zia Ijaz, Group Chief, Commercial & Retail Banking Group, Allied Bank, received the award at The International Excellence in Retail Financial Services 2011 Awards ceremony, held in conjunction with the region's most prestigious retail banking event, the Excellence in Retail Financial Services Convention.
The award programme, administered by The Asian Banker and refereed by prominent global bankers, consultants and academics, is the most prestigious of its kind. The evaluation was conducted on the basis of transparency in strategy; value of franchise; annual financial performance; sustainability; sales capability; risk management; processes and technology; penetration and efficiency of distribution channels; people skills; and ethical banking.
Chris Kapfer, Head of Asian Banker Research, said: "With the retail banking sector in Pakistan set for a period of high growth, banks will have to scale up their presence in areas such as physical and electronic penetration, product and service offering, and most of all, be backed by superior management. Allied Bank has demonstrated its commitment in all these aspects, and was able to make the retail banking experience more enjoyable for the citizens of Pakistan."-PR