Habib Bank Limited was 1st commercial bank that was established in 1947 in Pakistan. With time it has grown its network of branches and succeeded in maintaining its ranking as Pakistan’s largest private bank with more than seventeen-hundred branches and two-thousand ATMs worldwide, facilitating twenty-seven million individuals across 3-continents.
Several digital channels are assisting it in direct and close relations with customers via frictionless and innovative ways. This article has all the details about the bank, including Habib Bank Limited History.
| Title | Description |
|---|---|
| Details | |
| Type: | Bank |
| In Urdu: | حبیب بینک لمیٹڈ |
| Name: | Habib Bank Limited |
| Traded As: | Karachi Stock Exchange |
| Industry: | Financial services Banking Capital Markets |
| Founded: | Bombay (now Mumbai, India), in 1941 |
| Headquarter: | Habib Bank Plaza, Karachi, Pakistan |
| Key People: | Nauman Dar President & CEO |
| Product: | Loans, credit cards, Savings, Consumer Banking, etc. |
| Revenue: | ₨114.75 billion (US$1.1 billion) – 2015 |
| Net Income: | ₨35.1 billion (US$330 million) – 2015 |
| Founded: | 1941 |
| Customer service: | +92 21 111 111 425 |
| CEO: | Nauman K. Dar (29 Sep 2012–) |
| Total assets: | ₨2.20 trillion (US$21 billion) – 2015 |
| A number of employees: | 14,000+ |
| Subsidiaries: | First MicroFinance Bank-Pakistan Etc |
| Company Profile | |
| Location: | Karachi Pakistan |
Habib Bank Limited History
HBL was initially founded in 1941 and moved to Pakistan at the request of the founder of Pakistan, Muhammad Ali Jinnah, in 1947, so becoming 1st commercial-bank to set up its operations in Pakistan. It then continued to expand and grow in the following years.
1st international branch of HBL was opened in 1951 in Colombo, and in 1972 construction of Habib Bank Plaza got completed. Having a massive domestic share in 1974, this bank was nationalized.
AKFED Took Control of HBL
In Feb 2004, privatization of HBL was done, and its management control was given to AKFED. The Pakistani Government in April 2015 divested its complete 41.5 percent shareholding via Pakistan’s Privatization Commission, making Habib Bank the largest Pakistani private bank.
HBL is a pioneer in the banking industry, but it also enabled many people’s dreams.
VISION
They are empowering individuals to advance with success and confidence.
MISSION
To make their clients prosper, generate value for the shareholders, and our employees excel.
VALUES
Following values are followed in HBL:
- Integrity
- Customer-Centric
- Value People
- Challenge and Innovate
- Excellence
Privatization of HBL
The Pakistani Government privatized Habib Bank in 2004, through which AKFED (Agha Khan Fund for Economic Development) acquired Fifty-One percent of the shareholding of the bank and management control.
AKFED holds Fifty-One percent shareholding in this bank, while the remaining shareholders include foreign and local institutes, individuals, and International Finance-Corporation that has three percent.
HBL Operations
Habib Bank is a prominent full-service bank. The operation’s key-areas are Islamic and Transaction Banking, Global Trade Services, Financial Institutes, Rural Banking, Treasury, Branch Banking, and Corporate and Investment Banking.
The mainstay of HBL is Branch Banking-business which makes it the largest Pakistani retail bank fulfilling the needs of all the market segments. Corporate and Investment Banking Group is the principal provider of financial services to local and multinational corporate-clients worldwide.
It also has the most significant treasury operations in the country and plays a leading role in Pakistan’s domestic markets.
Splendid Performance of HBL
The bank enjoys a significant Intl footprint; its international footprint is substantial because it provides opportunities and chances to serve its principal customers throughout its network efficiently. China is the mainstay of the International strategy of HBL.
The bank is acting as the largest administrator of CPEC relevant capital in Pakistan. HBL made history in Nov 2019 when its ‘Urumqi Branch’ customarily started ‘RMB-business’ by achieving 1st & only Pakistani bank status. And also one of three banks from South-Asia & MENA region to provide end to end ‘RMB Intermediation.’
In Dec 2019, it succeeded in becoming the 1st Pakistani bank to receive the license of a most coveted branch to provide financial assistance to customers in Beijing.
HBL’S Commitment
As a renowned Pakistani financial institute, Habib Bank Limited is committed to its economic incorporation goals for all society segments and plays a crucial role in increasing financial involvement via initiatives like the ‘Ehsas Kafalat’ program and facilitating women’s access to the country’s financial sector.
It is continuously enriching lives by bringing Intl cricket to Pakistan via HBL-PSL and strengthening Pakistan’s economy through exemplary initiatives like Ehsas Emergency-Cash Program.
Habib Bank Management Team
- Muhammad Aurangzaib-CEO and President
- Sagheer Mufti-COO (Chief Operating Officer)
- Amir Irshad-Head Corporate, Commercial and Investment-Banking
- Amir Qureshi-Head of Consumer Banking
- Ibrar Ahmad-Chief Innovation and Financial Inclusion Officer
- Amir Matin-Head Technology
- Adnan Pasha-Chief of Staff
- Armughan-Chief Internal Auditor
- Afaq Khan-Head of Islamic Banking
- Faisal-Head of Intl Banking
- Muhammad Ali-Head of Branch Banking
- Waheed-Chief Compliance Officer
- Risha-Global Treasurer
- Neelofar-Company Secretary
- Tariq-Chief Risk Officer
HBL Board of Directors
Mr. Sultan Ali Allana
He has been serving as chairperson of the Board of Directors since Feb 2004. He holds an experience of more than 35-years in the banking and financial sectors.
Miss Diane Elizabeth Moore
She is an experienced executive and professional coach with more than twenty-three years in several regulatory and banking positions in the U.K. Moore has also worked on boards of several commercial-banking organizations, investment banking, and fintech.
She is currently serving on the Boards of HBL Pakistan, Cantor Fitzgerald Ireland, and Axis Bank in the U.K.
Mr. Salim Yahya Chinoy
He joined the HBL Board in Feb 2020 and is a seasoned chartered-accountant. He has vast experience in auditing banks, local and multinational-companies.
Mr. Muhammad Aurangzaib
He joined Habib Bank on 30th Apr 2018 as CEO and President. He holds an experience of over thirty-years in banking at both International and national locations.
Habib Bank Limited Awards
The several awards that HBL has won are evidence of its extraordinary and splendid performance as Pakistan’s largest bank. Until now, the bank has won these awards:
2008
- Most Innovative Global Trade Finance Program (GTFP) Award, IFC (Intl Finance Corporation) Annual Trade Conference
- Best Pakistani bank, Global Finance
- Buzziest Brands Awards, Banking & Financial Institutions Category, Revelation Inc.
2009
- Best Emerging Bank in Market, Global Finance
- Pakistan’s Bank of Year- ‘The Banker’
- Pakistan’s Best Bank, Global Finance
- Pakistan’s Best Provider of Trade-Finance, Global-Finance
- Best Foreign-Exchange Provider in Pakistan, Global Finance
2010
- Best Emerging Market Bank, Global Finance
- Bank of Year-Pakistan The Banker
- Pakistan’s Best Bank, Global Finance
- Best Trade-Finance Provider in Pakistan, Global-Finance
- Best Foreign-Exchange Provider in Pakistan, Global Finance
2011
- Best Trade-Finance Provider in Pakistan, Global-Finance
- Pakistan’s Best Bank, Global Finance
- Best Emerging Market Bank, Global Finance
- Best Deal of Year Award, Asset Country Awards
- Middle-East Deal of Year Award Euromoney
2012
- A Leading Bank in the ‘Home-Remittances’ PRI (Pakistan Remittance Initiative), Pakistan State Bank
- Best Trade-Finance Provider in Pakistan, Global-Finance
2013
- Award for the Excellence in a Trade-Finance, Trade Finance
- Best Emerging Market Bank, Global Finance
- A Leading Bank in the ‘Home-Remittances’ PRI (Pakistan Remittance Initiative), Pakistan State Bank
- Best Pakistani Retail Bank, Asian-Banker
- Pakistan’s Strongest Bank, Asian Banker
2014
- Pakistan’s Best Bank, Euromoney
- 1 Pakistani FX Bank, Euromoney
- Pakistan’s Best Retail-Bank, Asian Banker
- Best Islamic Window, CFA Pakistan
- Pakistan’s Best Trade Finance-Bank, Global Trade Review
- Pakistan’s Best Bank of Trade Finance, Global Financial Market Review
2015
- Pakistan’s Best Bank, Euromoney
- 1 Pakistani FX Bank, Euromoney
- Pakistan’s Best Retail-Bank, Asian Banker
- Excellent Trade Finance-Bank in Pakistan
- Best Islamic Window, CFA Pakistan
- Pakistan’s Best Trade Finance-Bank, Global Trade Review
2016
- Asia Money Awards- Pakistan’s Best Domestic Bank in 2015
- Pakistan State Bank- ‘Excellent Primary Dealer’-Habib Bank Limited Treasury
- Most innovatory-program in Acceptance by Merchant – 2015 Master Card Innovation-Forum
- Euromoney laurels for the Excellence-Pakistan’s Best Bank
- Transaction of the 2014 year
- Corporate Finance Housing of the 2014 Year, Project Financing
- Global Branding Laurels-Brand of the Year 2015, Pakistan
- PAS Awards 2015 Best Banking Services & Financial Services Campaign
- Award for being Safest Bank, 2015 Global Finance
2017
- Bank of Year in Pakistan
- Pakistan’s Safest Bank
- Pakistan’s Best Domestic Bank
- Brand of Year Banking Pakistan
- Pakistan’s Best Investment Bank
- Best Retail Bank in Pakistan
- Pakistan’s Best Trade Finance Bank
- Best Bank for Agriculture and Small-Business
2018
- Bank of Year in Pakistan
- Pakistan’s Safest Bank
- Pakistan’s Best Domestic Bank
- Brand of Year Banking Pakistan
- Pakistan’s Best Investment Bank
- Pakistan’s Best Trade Finance Bank
- Best Bank for Agriculture and Small-Business
- Pakistan’s Best Retail Bank
2019
- Best Finance Deal, The Asset
- Best Investment Bank, Finance Asia
- Power Deal of Year, The Asset
- Utility Deal of Year, The Asset
- Best Finance Bank, The Asset
- Transport Deal of Year, The Asset
- Pakistan Domestic-Cash Mgmt. Bank of Year, Asian Banking Finance Wholesale Banking-Awards
- Best Corporate and Investment Bank, Asia Money
- Best Investment Banking
2020
- Best Domestic Bank, Asia Money 2020
- Global Diversity and Inclusion Benchmarks Award, Progressive in Recruitment and Development, HR Metrics
- Best Investment Bank 2020, Global-Finance Magazine
- Best Bank for Small & Medium Businesses, Pakistan Banking Awards 2019
- Best Investment Bank in Pakistan, Finance Asia, Country Awards
HBL Main Branch
The main branch of Habib Bank Limited is situated in Karachi. It is situated at Block 7 of Clifton area.
Memberships of the Industry-Associations & Trade Bodies
- Pakistan Banks Association
- Institute of Bankers Pakistan
- Pakistan Institute of the Corporate Governance
- Pakistan Business Council.
- Karachi Center for Dispute Resolution
Corporate Information
Head-Office
Habib Bank Plaza I.I. Chundrigar Road, Karachi-75650, Pakistan
Phone # 92-21 32418000
Registered-Office
HBL, 9th Floor, Habib Bank Limited Tower, Jinnah Avenue, Blue-Area, ISB, Pakistan
Phone # 92-51 2872203, 92-51 2821183
Fax: 92-51 2872205
Registration Number of Company and NTN
Registration # 0000489
(National Tax Number) NTN: 0698187-9
Auditors
- A.F. Ferguson and Co.
- Chartered-Accountants
- PwC Network’s member firm
Legal Advisors
- Manviwala & Zafar
- Legal-Consultants & Advocates