Banking sector of Pakistan stayed resilient and conducted extremely nicely in 2022 amid difficult operating climate and heightened hazards in elevated interest rate strategy.
Entire acquisitions of the enterprise recorded and development of 20% and attained at Rs. 34,530 billion at the end of the year 2022 as described in relation to Rs. 28,882 billion previous year. Acquisition development is attained primarily on the back of Investments and Refinements with an accumulation of 27% and 18% respectively to attain at Rs. 17,902 billion and Rs. 11,225 billion respectively during the year under examination. Enterprise residues displayed a development of 7% over the previous year to achieve at Rs.22,467 billion.
Amidst challenging and developing environment, Allied Bank concentrated on stable long-term development and sped up its actions for importance of innovation for all the stakeholders.