What is the old name of Allied Bank?
Allied Bank Limited, one of the oldest and major commercial financial institutions in Pakistan, started its operations prior to national independence in Lahore under the original corporate name Australasia Bank. Following sweeping government nationalization policies across the banking sector in 1974, Australasia Bank was merged alongside several other smaller regional banking entities and renamed as the Allied Bank of Pakistan Limited. Decades later, following structural financial reconstruction and the transfer of ownership back to a private consortium comprising the Ibrahim Group, the management streamlined the corporate title in 2005 to officially become Allied Bank Limited, retaining its legacy market presence while modernizing its digital banking capabilities.
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