Which is the best Bank in Pakistan? reveals Euromoney Awards for Excellence

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Which is the best Bank in Pakistan? reveals Euromoney Awards for Excellence

KARACHI: Allied Bank Limited has received the accolade of “Best Bank in Pakistan” at the Euromoney Awards for Excellence 2018 held recently at JW Marriott, Pacific Place Hong Kong.

Euromoney’s awards for excellence, held since 1992, recognise banks that demonstrate an ability to deliver the requisite services to meet diverse customer needs, while rapidly adapting to evolving market and regulatory framework.

The awards are independently adjudicated by Euromoney’s team of editors, journalists and researchers; analysing banks’ ability to demonstrate growth, relative outperformance, compared with peers and the ability to adapt to changing market conditions.

Key distinguishing factors for this award by Euromoney included Allied Bank Limited’s robust capital base reflected by industry leading capital adequacy of 22.4%, during 2017 complemented by lowest loan loss ratio and highest loan loss coverage amongst the peer banks.