Allied_Bank_Zimbabwe_Limited
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]