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MarketScreener Homepage  >  Equities  >  KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE  >  Allied Bank Limited    ABL   PK0083501012

ALLIED BANK LIMITED (ABL)
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End-of-day quote. End-of-day quote  - 01/17
107.34 PKR   -1.00%
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Allied Bank : signs agreement with IBM

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01/12/2019 | 05:04am EST

Allied Bank (ABL) has joined hands with IBM and Oracle to embark on a cognitive journey on Oracle Big Data Platform. A signing ceremony was held at Allied Bank head office in Lahore. Allied Bank, being fully cognizant of the digital transformation pre-requisites, will become one of the first banks in Pakistan to adopt Oracle Big Data Appliance, which is a flexible, high performance, secured and multi-purpose engineered system for Hadoop workloads and data processing. Allied Bank's wide range of banking services and customer transactions have created enormous amount of structured and unstructured data. Speaking on the occasion, Allied Bank CEO Tahir Hassan Qureshi stated, 'Allied Bank is continuously investing in the technologies of the future and adopting Oracle Big Data Platform is another step towards revolutionising data driven decision making in today's digital economy. 'ABL and IBM are joining hands to embark on a cognitive and analytics journey,' said IBM Pakistan Country General Manager Ghazanfar Ali.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
ALLIED BANK LIMITED -1.00% 107.34 End-of-day quote.1.65%
INTERNATIONAL BUSINESS MACHINES CORPORATION 0.47% 122.19 Delayed Quote.7.50%
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Latest news on ALLIED BANK LIMITED
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01/11Loss of Shares
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Financials (PKR)
Sales 2018 42 114 M
EBIT 2018 43 807 M
Net income 2018 11 944 M
Debt 2018 -
Yield 2018 7,32%
P/E ratio 2018 10,29
P/E ratio 2019 8,26
Capi. / Sales 2018 2,92x
Capi. / Sales 2019 2,43x
Capitalization 123 B
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 117  PKR
Spread / Average Target 8,8%
EPS Revisions
Managers
NameTitle
Tahir Hassan Qureshi Chief Executive Officer & Director
Mohammad Naeem Mukhtar Chairman
Muhammad Farhanullah Khan Chief Financial Officer
Mujahid Ali Group Chief Information Technology Officer
Abdul Aziz Khan Non-Executive Director
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