Allied Bank, was a commercial bank in Zimbabwe that closed in 2015.[1] The bank regulator cancelled its license on 8 January 2015 after determining that the bank was "no longer in a safe and sound condition, grossly undercapitalised and facing chronic liquidity challenges"[2]
The bank was a small financial services provider in Zimbabwe, serving large corporations, small-to-medium enterprises (SMEs), as well as individuals. As of June 2012[update], its total asset valuation was quoted at US$40 million. At that time its shareholder's equity was estimated at US$18 million.[3]
^List of Licensed Commercial Banks In Zimbabwe Archived 2012-04-17 at the Wayback Machine
^"RBZ cancels Allied Bank licence". The Herald. 9 January 2015.
^Bhebhe, Nqobile (24 August 2012). "Zimbabwe: ZABG Asset Base Grows to U.S.$40 Million". Zimbabwe Independent (Harare). Retrieved 6 September 2017.
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