Pacra assigns positive outlook to ABL

The Pakistan Credit Rating Agency (Pacra) has assigned "Positive Outlook" to the ratings of Allied Bank Limited [current ratings: long-term - AA and short-term - A1+]. These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments. The positive outlook acknowledges ABL's consistent robust performance, emanating from sustained growth and sound asset quality.
Additionally, ABL is capitalising on its extensive network for mobilising low cost deposits, while cautiously expanding its advances' portfolio, though it continues to have high credit concentration. The bank has remained focused on strengthening its infrastructure and control environment - pre-requisites to withstand increasingly tough and competitive operating environment in the country.-PR