Press Release

JCR-VIS assigns Corporate Governance Rating of CGR-8 to Allied Bank Limited

Karachi, December 3, 2007: JCR-VIS Credit Rating Company Limited has assigned a corporate governance rating of CGR-8 to Allied Bank Limited (ABL), which denotes ‘high level of corporate governance’.

Corporate governance ratings are arrived at after evaluating key governance elements of the rated enterprise, which include regulatory compliance, ownership structure, composition and operations of the board of directors and executive management, self-regulation, financial transparency and relationship with stakeholders. In order to reduce the level of subjectivity inherent to any such exercise, we have further sub-divided these elements into several elements, each of which is considered independently by the rating committee.

For further information on this rating announcement, please contact the Mr. Safdar Kazi (safdar@jcrvis.com.pk) or Mr. Mansur Ali Shah (mansur@jcrvis.com.pk) at 5311861 or fax to 5311873.



Faheem Ahmad
President & CEO

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.VIS , the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report.VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2007 VIS Credit Rating Company Limited . All rights reserved. Contents may be used by news media with credit to VIS .