[7] Khawaja Bashir Bux's father, who was originally from Kashmir, had settled in Lahore after being orphaned at a young age.

[7] Born in 1911, Bashir Bux initially joined his father's silk trade but later decided to venture into the banking industry.

[7] In 2000, the government appointed Khalid Sherwani, a former executive of United Bank Limited, to lead a new management team.

[7] Sherwani implemented a cost-cutting program that involved closing 194 underperforming branches and reducing the workforce by 2,228 employees over a period of four years.

[7] After the other bidders withdrew, the Ibrahim Group acquired a 75 percent stake in Allied Bank for Rs14.4 billion ($237 million).

[7] Under Sherwani's leadership, the bank's costs as a percentage of revenue consistently decreased, while deposits per branch grew faster than the industry average, closing a significant gap.

[7] Three key factors contributed to Sherwani's success: a rising interest rate environment with low deposit costs, the ability to attract snew deposits from the Faisalabad business community due to the Ibrahim Group's reputation, and the resolution of non-performing loans before privatization.

[7] While Sherwani's effective leadership was evident, it is important to note that his tenure from 2004 to 2007 coincided with a period of widespread financial prosperity.

[7] In October 2007, Sherwani retired as CEO, just before the global and Pakistani financial markets experienced significant turmoil.

[7] Aftab Manzoor succeeded Khalid Sherwani as the CEO of Allied Bank in November 2007, just before the onset of a severe global financial crisis.

[7] Despite the challenging circumstances, Manzoor managed to grow the bank's profitability by an average of 29.3 percent per year, reaching Rs7.7 billion ($92.6 million) by mid-2010.

[7] In May 2010, Manzoor decided to leave Allied Bank in May 2010 for undisclosed reasons and Khalid Sherwani was reappointed as the CEO.

[9] In 2020 Allied Bank was named in the FinCEN money laundering leak, published by Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ).

[14] ABL Funds has 11 "Saving Centers" in 9 major cities across Pakistan including Lahore, Karachi, and Islamabad.

[17] Following the 2009 and 2010 floods in KPK, Southern Punjab, and SIndh, ABL committed to rebuilding and delivered over 250 homes to families in affected areas.