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Showing posts with label HBL. Show all posts
Showing posts with label HBL. Show all posts

Thursday, May 2, 2019

Habib Bank Limited (HBL) represents Pakistan at 2nd Belt and Road Forum

Habib Bank Limited (HBL) represents Pakistan at 2nd Belt and Road Forum

Habib Bank Limited (HBL) represents Pakistan at 2nd Belt and Road Forum


KARACHI: A delegation from Habib Bank Limited (HBL) led by its president and Chief Executive Officer (CEO) HBL Muhammad Aurangzeb attended the financial forums held under the aegis of 2nd Belt and Road (BRI) Forum for International Cooperation, in Beijing from April 25-27. HBL was a guest of the Chinese Ministry of Finance and People’s Bank of China.

While in China, Muhammad Aurangzeb, attended the 2nd Belt and Road Bankers Roundtable. The event was hosted by ICBC and participated by the leading banks from BRI countries.

Being the only panelist from Pakistani banks who spoke at the panel, Aurangzeb stressed on exploring proactive measures to strengthen cooperation in green finance development, risk management and project governance and raising capacity and service standards to better empower Belt and Road cooperation.

At the forum, 27 global institutions signed up to a set of voluntary principles, the Green Investment Principles (GIP), to promote green investment in the Belt and Road region.

HBL represented Pakistan on the forum as the only commercial bank from Pakistan and signed two agreements.

Sharing his thoughts on the occasion, Aurangzeb said, “It is a great initiative taken by China Green Finance Committee and city of London for this GIP signing. As Pakistan’s largest Bank, and the largest executor of CPEC related financing in Pakistan, HBL is positioned to play an integral role towards a greener CPEC, with the ultimate goal of a greener BRI.”




Saturday, April 27, 2019

HBL partners with Visa to launch QR payments service in Pakistan

HBL partners with Visa to launch QR payments service in Pakistan

HBL partners with Visa to launch QR payments service in Pakistan



HBL& Visa, the world leader in digital payments, have collaborated to launch Visa on mobile, a QR-based mobile payments service that allows consumers in Pakistan to make instant and secure payments on the go.  The move is expected to accelerate the adoption of digital payments in Pakistan.

To use the service, an HBL customer simply downloads the bank’s mobile app (HBL Mobile or Konnect App), selects the QR option and pays for goods and services by scanning the QR code at enabled merchants across Pakistan. This service is secured by Visa, the world’s leader in digital payments.

Mohanish Agni, Visa’s General Manager – Levant & Pakistan, said: “Pakistan is making strides to enhance electronic payments and promote financial inclusion. The launch of Visa on mobile demonstrates a significant step-change in the acceleration of the migration from cash to a digital economy in Pakistan which is good for consumers, businesses and government.”

With a present network of over 10,000 merchants, Visa on mobile will provide a competitive advantage in the market enabling merchants to generate EMVCo compliant QR codes, creating partnership opportunities and digitizing payment business solutions.

Abrar Ahmed Mir, Chief Innovation & Financial Inclusion Officer at HBL, said: “As Pakistan’s leading bank in the digital space, we are proud to collaborate with Visa and offer an innovative payment solution. It is a step towards creating a cashless ecosystem which provides customers with a secure and instant digital payment experience.”

For merchants, Visa on mobile provides real-time notifications of payments into their bank account and access to sales and transactions history. Transactions are processed via Visa’s global network, VisaNet, applying the scale, security, and reliability of Visa to mobile payments.



Friday, February 22, 2019

Leading e-commerce company, Daraz and HBL announce year-long HBL Wednesdays deal, with 10% off on all products

Leading e-commerce company, Daraz and HBL announce year-long HBL Wednesdays deal, with 10% off on all products

Daraz and HBL team up to announce HBL Wednesdays





Leading e-commerce company, Daraz and HBL announce year-long HBL Wednesdays deal, with 10% off on all products

Pakistan’s leading ecommerce platform, Daraz, and HBL, Pakistan’s largest bank in the private sector, have come together once again to offer customers a great offer, HBL Wednesdays. ‘HBL Wednesdays’ will be a year-long partnership between Daraz and HBL.

‘HBL Wednesdays’ offers HBL customers a 10% site-wide discount on all HBL debit cards and HBL credit cards. HBL customers can enjoy the discount on an assortment of more than 3 million products across a variety of categories including Mobiles and Accessories, TV and Home Appliances and Home and Lifestyle. More than 7,000 brands currently use the ecommerce platform to conduct their business, offering customers an unparalleled choice of products.

This deal is an indication of the close business relationship that both these leading organizations enjoy. HBL has been a partner for all of Daraz’s most ambitious and successful sales, including HBL ShopFest, Gyara Gyara and Independence Day Sale.

Ehsan Saya, Managing Director Pakistan of the Daraz Group, said ‘As one of the best banks in Pakistan, HBL brings experience and expertise to the table and we are extremely excited to be working with them again. We’ve enjoyed a fruitful relationship with HBL in the past and I have no doubt this partnership will drive it forward further still. I am confident that HBL Wednesdays will prove to be hugely successful!’

Aamir Kureshi, Global Consumer Banking Head of HBL, said ‘HBL has a long-standing partnership with Daraz, giving value to our common customers and to grow ecommerce business and digital payment eco-system in Pakistan. We are proud to work with Daraz to provide safe, secure and hassle-free online shopping experience to our cardholders’.

Wednesday, December 12, 2018

HBL hosts a Donation Drive for the Indus Hospital Expansion Project in line with its commitment to serve the country

HBL hosts a Donation Drive for the Indus Hospital Expansion Project in line with its commitment to serve the country

HBL hosts a Donation Drive for the Indus Hospital Expansion Project in line with its commitment to serve the country

HBL prides itself on being a socially responsible entity and continues to play its role as a responsible corporate citizen through the support of charitable causes that promote education, health and community welfare. 

HBL collaborated with the Indus Hospital, Korangi, Karachi to support them in their mission to expand to a larger facility to be able to serve more under-privileged patients with free of charge and quality healthcare. The kiosks were set up on November 29, 2018 at three different HBL premises: HBL Tower, HBL Plaza and HBL Annexe. Employees at HBL enthusiastically participated in the event to support this noble cause. HBL’s focus has always been people and their dreams, enabling it to be the catalyst for progress. Special thanks to Mr. Yunus Hashim Bengali - Chairman The Indus Hospital, Dr. Abdul Bari Khan - CEO The Indus Hospital and Mr. Ahson Tariq - Executive Director The Indus Hospital for their gracious presence at the HBL premises for the activity along with Mr. Sagheer Mufti - Chief Operating Officer HBL, Mr. Amir Kureshi - Head Global Consumer Banking, Mr. Naveed Asghar - Chief Marketing Officer HBL and other senior members of HBL. 




HBL and Muller & Phipps sign MOU to promote financial inclusion

HBL and Muller & Phipps sign MOU to promote financial inclusion

HBL and Muller & Phipps sign MOU to promote financial inclusion



Karachi: December 05, 2018 - Financial Inclusion is at the core of HBL’s business focus and HBL continuously strives to develop inclusive products for SMEs. To facilitate financial inclusion and capacity building, HBL has partnered with Muller & Phipps to offer first of its kind working capital financing solution. Through this initiative, pharmaceutical whole sellers and chemists associated with M&P will be able to avail convenient working capital financing without providing mortgage or fixed assets as security. This MOU was signed by Mr. Aamir Irshad – Head of Branch Banking HBL and Mr. Kamran Nishat – CEO Muller & Phipps in presence of Mr. Asif Riaz – Head Retail Lending HBL and Mr. Saulat Ali Khan – Head of Corporate Banking South HBL. 




Thursday, December 6, 2018

HBL and Muller & Phipps sign MOU to promote financial inclusion.

HBL and Muller & Phipps sign MOU to promote financial inclusion.

HBL and Muller & Phipps sign MOU to promote financial inclusion.



Karachi: December 05, 2018 - Financial Inclusion is at the core of HBL’s business focus and HBL continuously strives to develop inclusive products for SMEs. To facilitate financial inclusion and capacity building, HBL has partnered with Muller & Phipps to offer first of its kind working capital financing solution. Through this initiative, pharmaceutical whole sellers and chemists associated with M&P will be able to avail convenient working capital financing without providing mortgage or fixed assets as security. This MOU was signed by Mr. Aamir Irshad – Head of Branch Banking HBL and Mr. Kamran Nishat – CEO Muller & Phipps in presence of Mr. Asif Riaz – Head Retail Lending HBL and Mr. Saulat Ali Khan – Head of Corporate Banking South HBL. 

About HBL
HBL was the first commercial bank to be established in Pakistan in 1947. Over the years, HBL has grown its branch network and maintained its position as the largest private sector bank with over 1,700 branches and 2,000 ATMs globally and a customer base exceeding ten million relationships. The key areas of operations encompass product offerings and services in Retail and Consumer Banking. HBL also has the largest Corporate Banking portfolio in the country with an active Investment Banking arm. 




Wednesday, November 28, 2018

HBL leads the way as the only bank in Pakistan to offer instant Personal Loans through Mobile App

HBL leads the way as the only bank in Pakistan to offer instant Personal Loans through Mobile App

HBL leads the way as the only bank in Pakistan to offer instant Personal Loans through Mobile App



HBL, the largest bank of Pakistan, has also become the first bank in the country to offer instant personal loan through its mobile application. This innovation in service is yet another step in HBL’s fulfilment of its brand promise of enabling dreams, as customers can now select and apply for a loan of their choice from the comfort of their home, in just a few taps! 

The new offering seeks to provide the quickest turnaround time of loan processing seen in the financial industry as HBL revolutionizes how consumers loans are applied for and disbursed to customers. Speaking about this, Mr. Aamir Kureshi, Head – Global Consumer Banking at HBL stated, “HBL is pleased to give unparalleled convenience to its customers by digitizing loan approval and disbursal. The entire process is paperless, and the loan can even be disbursed within minutes. The customer response has been extremely encouraging so far and we have disbursed over 1000 loans in less than 30 days of the launch.”

The product is currently available to selected salaried customers across Pakistan exclusively through HBL Mobile. Customers can avail the service by simply logging in to their HBL Mobile and applying through the loan option in the menu bar. The loan applications then undergo credit evaluation and the response is shared within 24 hours. Customers, upon completion of the evaluation, have access to multiple loan options to select from, which can be up to PKR 500,000, and can have the preferred loan amount credited into their account instantly. 

Commenting on the ease of the service, Ishtiaq Ahmed, one of the first customers to take an instant personal loan through HBL Mobile, stated, “It took me less than 60 minutes to go through the process and I had my desired loan amount in my account instantly! Without any paperwork or without stepping into the branch even once. It was unbelievable!”

This innovative service enables the customer to apply for and avail a loan without visiting any branch or filling out lengthy forms. 

About HBL
HBL was the first commercial bank to be established in Pakistan in 1947. Over the years, HBL has grown its branch network and maintained its position as the largest private sector bank with over 1,700 branches and 2,000 ATMs globally and a customer base exceeding eleven million relationships. 

The key areas of operations encompass product offerings and services in Retail and Consumer Banking. HBL also has the largest Corporate Banking portfolio in the country with an active Investment Banking arm. 

HBL has been at the technology forefront by offering products and services to customers to enable ease and convenience, starting from card less ATMs, value added features on HBL Mobile and recent launch of Konnect by HBL.




Wednesday, November 7, 2018

HBL reassures it’s customers no cyber attacks on its systems and customers’ data remain confidential and safe

HBL reassures it’s customers no cyber attacks on its systems and customers’ data remain confidential and safe

HBL reassures it’s customers no cyber attacks on its systems and that its customers’ data remain confidential and safe


Karachi: With the increase in usage of e-commerce and plastic money (cards), globally as well as in Pakistan, there has also been an increase in the number of incidents or attempts to compromise customers’ financial data. Financial institutions across the globe continue to grapple with these challenges of providing a safe and seamless experience for their customers, and HBL is no exception to this. 

In light of recent news with regard to cyber attacks, this is to reassure that HBL and its customers are not affected. All our systems are operating business as usual and there has been no incident to date related to compromise on customer information. Please continue freely and confidently using HBL services and products.

As the leading Bank in Pakistan, HBL works closely with regulators and global payment service providers to safeguard customer information. We have been working diligently to live up to our customers’ confidence and to uphold the trust they repose in us. We have been proactively investing in our systems to ensure safety and security for our customers. We have also undertaken a number of initiatives to regularly inform and educate our customers against fraudulent activity through various media such as SMS, emails, social media, leaflets/brochures and informative messages via our digital assets. 

At HBL, our customer’s financial security is our primary concern and the management of HBL reassures all its customers that it is our endevour to continue doing our utmost best to ensure that our systems are geared up to face such challenges and to safeguarded our customers information and data.




Wednesday, October 24, 2018

HBL opens branch in Gwadar Free Zone

HBL opens branch in Gwadar Free Zone

HBL opens branch in Gwadar Free Zone

GWADAR : Habib Bank (HBL) opened its branch in the Gwadar Free Zone earlier this week, making it the only Pakistani bank to have a branch in Gwadar as well as China.

The branch was inaugurated by Chines Ambassador to Pakistan Mr. Yao Jing, along with Mr. Zhang Baozhong, Chairman China Overseas Port Holding Company Ltd. and Mr. Rayomond Kotwal, Acting President and CEO, HBL.

Speaking at the occasion, Mr. Kotwal stated, “Today HBL stands proud as it becomes the first bank with branches in Gwadar as well as China. We are honored to be playing a leading role in supporting the China Pakistan Economic Corridor, opening new avenues of business, trade and investment between the two countries.”

Last year, HBL had become the first Pakistani bank to open a branch in China. The branch was opened in Urumqi – a city with enormous potential. HBL was also the first Pakistani bank to offer CNY accounts to its customers in Pakistan.

HBL offers a comprehensive product range covering corporate and individual customers, including financing, trade-based facilities, guarantees, remittances, loans, debit and credit cards and much more. HBL’s target market is not just limited to customers in Pakistan and China but it aims to market CPEC opportunities across borders using its international reach and customer base.

As a bank that is an integral part of Pakistan’s fabric, HBL aspires to contribute to economic development in Pakistan, and looks forward to enriching the lives of its customers with its commitment to banking excellence.




Wednesday, October 17, 2018

HBL & #QatarAirways Bring New Credit Card for Frequent Flyers

HBL & #QatarAirways Bring New Credit Card for Frequent Flyers

HBL, Pakistan’s largest bank, and Qatar Airways have entered into a strategic partnership to launch a credit card tailored to serve the needs of the country’s swiftly growing frequent-flyer community. The HBL Qatar Airways Credit Card offers a wide array of services and privileges for cardholders to enjoy.

The card was unveiled at a grand launch event held at the Mohatta Palace on Thursday, 27 September 2018 in Karachi. The event was attended by Sultan Ali Allana Chairman, HBL; Qatar Airways Group Chief Executive, Akbar Al Baker, Muhammad Aurangzeb President & CEO, HBL; Jacob Garlan Miller Vice President CRM and Customer Loyalty, Qatar Airways and Ish Jalal Vice President Commercial – Middle East & Pakistan, Qatar Airways along with senior management and select customers of both organizations.

HBL Qatar Airways Credit Card will be available in Platinum and Gold, empowering cardholders to accumulate Qmiles for everyday spending, including earning up to 1 Qmile for local currency spending of Rs 100.

Benefits of the New Credit Card
  • Earn Qmiles on all local currency spends
  • Earn accelerated Qmiles on all foreign currency spends and by booking your tickets at qatarairways.com
  • Joining bonus Qmiles when you activate your card in the first year
  • Bonus Qmiles on purchasing the ticket for your first flight with Qatar Airways through qatarairways.com
  • Annual redemption discount on accumulating Qmiles
  • Complimentary membership of the Privilege Club, Qatar Airways frequent-flyer program
  • Fast track Privilege Club membership tier upgrade
  • Redeem Qmiles for airline tickets to more than 150 destinations, for upgrades and excess baggage or use as an alternative payment option at Qatar Duty-Free at Hamad International Airport and Oryx Galleria in Doha
  • Enjoy complimentary access to airport lounges worldwide with VISA LoungeKey (for Platinum Cardholders)
  • Enjoy free access to CIP airport lounges across Pakistan for international flights
  • Exciting dining and lifestyle discounts at 150+ partners locally and globally
  • Chairman HBL, Sultan Ali Allana, thanked the dignitaries and valued customers for joining the HBL team on this momentous occasion. He further said, “Today, we have entered into a strategic partnership with Qatar Airways and we see our future in the context of long-term and sustainable association while creating the maximum value for our common customers.”


Qatar Airways Group Chief Executive, Akbar Al Baker, said:

We are delighted to partner with HBL in this initiative. The HBL Qatar Airways credit card is uniquely tailored to meet the needs of Pakistan’s rapidly growing frequent flyer community and will provide cardholders with a host of benefits to make travel even more rewarding. We look forward to a mutually rewarding partnership with HBL, and to continuing to strengthen our commitment to travellers in Pakistan.

President and CEO HBL, Mr. Muhammad Aurangzeb, spoke about the significance of this launch at the event, and said, we are delighted to be partnering with Qatar Airways to launch a product that fits well with the travel needs of our clients and offers them a range of world-class services. This strategic relationship will further our goal of providing superior financial solutions to our customers.

On display, at the launch event, was Qatar Airways’ award-winning Business Class experience, Q Suite. Patented by Qatar Airways, QSuite features the industry’s first-ever double bed available in Business Class, as well as private cabins for up to four people with privacy panels that stow away, allowing passengers in adjoining seats to create their own private room, a first of its kind in the industry. Adjustable panels and movable TV monitors on the center four seats allow colleagues, friends or families traveling together to transform their space into a private suite, allowing them to work, dine and socialize together.

As part of the launch event, the guests participated in a lucky draw and three couples won a return Business Class ticket to a destination of their choice with Qatar Airways.

Qatar Airways operates in all major cities in Pakistan, including Islamabad, Karachi, Lahore, Multan, Peshawar, Faisalabad and Sialkot with up to 68 weekly flights. This latest partnership with HBL will further strengthen the airline’s presence in Pakistan and will offer more areas of collective growth




Tuesday, October 16, 2018

HBL President comments on Pakistan’s dialogue with the IMF, CPEC and Digitalization

HBL President comments on Pakistan’s dialogue with the IMF, CPEC and Digitalization

HBL President comments on Pakistan’s dialogue with the IMF, CPEC and Digitalization

Bali, Indonesia: Mr. Muhammad Aurangzeb was invited as the only CEO representative of the Pakistani banking sector in order to share his views in his capacity as the President & CEO of HBL. It is pertinent to mention that Muhammad Aurangzeb is the only CEO from Pakistan as well as the only Pakistani who has accepted an invite to join the membership of the exclusive Global CEO Council organized and managed by the Dow Jones Group/Wall Street Journal.

In an interview with Bloomberg on the sidelines of the IMF/World Bank annual meetings, the HBL President & CEO, Mr. Muhammad Aurangzeb introspected that Pakistan's Government has some difficult decisions to make in order to narrow the fiscal deficit and come up with solutions that encourage an increase in exports and the tax base of the country. He pointed out: “With dwindling reserves a breathing space is required...that is where the IMF comes in." He further added: “The devaluation will ultimately help exports and Pakistan. In order for government policies to become sustainable in the long run, he stated that "...made-in-Pakistan and an export based model is the way forward."



Speaking on China's One Belt One Road initiative, he pointed out that CPEC stands out as its flagship in terms of investment being made in Pakistan's energy sector, roads and other infrastructure projects which have also benefited Pakistan and in the medium to long term these projects will boost Pakistan's exports and ultimately pay back and create a long term positive effect on the balance of payments. He further stated: "A lot of these projects should be invoiced in RMB and settled in RMB especially energy projects which should not be based on a Dollar index but a RMB index which is a wonderful opportunity for Pakistan to diversify." Furthermore, he added that "HBL is the only Pakistani bank which has a physical presence in China". 

With regard to the future and digitalization he emphasized, "HBL thinks of itself as an IT company with a banking license”.

The annual meeting of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) was held in Nusa Dua, Bali, Indonesia from October 12th -14th, 2018. Both the IMF and the WBG undertake to bring together central bank governors, Ministers of Finance, senior parliamentarians, captains of industry, representatives from civil society organizations and academics to discuss issues that involve the world economic outlook, poverty eradication, economic development, and aid effectiveness, including many other events focused on the global economy, international development, and the world's financial system.




Monday, September 10, 2018

HBL’s initiatives for enhancing Agricultural Exports

HBL’s initiatives for enhancing Agricultural Exports

Karachi: HBL is the largest bank in Pakistan and has been at the forefront in the development of China Pakistan Economic Corridor (CPEC).  Recently HBL partnered with Pehle Aap (Pvt) Ltd to hold a seminar on ‘CPEC –The Way Forward” focused on development of Pakistan’s agricultural, fisheries and livestock sectors with the objective of increasing productivity through transfer of Chinese technology and expertise and providing a source of exports of this produce to China and other countries. 

The seminar held at Karachi School of Business & Leadership (KSBL) was attended by leading members of Karachi’s business community and representatives of the agricultural industry. The Chinese delegation was led by Mr. Wu Yongqiang, (Deputy Secretary General, All-China Youth Federation, Press and Publication Sector). The other members of the delegation included Mr. Sun Xiangyang (Chairman Yangming Technology Investment Company), Mr. Yao Zongchang (Chairman, Taidi Network Technology Co Ltd.) and Miss Wu Xueqin (Legal assistant and translator). 

The Chinese delegation assessed Pakistan’s current agriculture infrastructure and exports and suggested the way forward to increase agricultural productivity, build skill base in the rural sector, and develop agricultural infrastructure and increase exports. The delegation suggested development of a E-marketing and supply chain infrastructure on similar lines as developed in China which has connected the rural Chinese economy with the main stream economy. 

HBL has been leading the implementation of the CPEC projects in Pakistan with the objective of building domestic infrastructure, building domestic capacity across industries and attracting foreign investment.  HBL is the advisor, arranger, equity investor and financier to the first indigenous coal mine and power project in Pakistan which will not only provide energy, but also save on foreign exchange, utilize domestic coal, will result in transfer of technology and expertise and most importantly improve the living standards of people of the Thar region. 




Thursday, August 2, 2018

HBL Declares Consolidated Profit after Tax of Rs 8.1 Billion

HBL Declares Consolidated Profit after Tax of Rs 8.1 Billion

KARACHI: HBL today declared a consolidated profit after tax of Rs 8.1 billion, with earnings per share for H1 18 at Rs 5.42. Along with the results, the Board declared a dividend of Rs 1.00 per share (10%), bringing the total dividend for the six months of 2018 to Rs 2.00 per share. Profit before tax for the six months of 2018 was Rs 14.1 billion. The consolidated Capital Adequacy Ratio (CAR) as at June 30, 2018 crossed the 17% mark, rising to 17.1% and the Tier 1 CAR rose by 79 bps over December to 12.8%. During the quarter, the Bank’s credit ratings were also re-affirmed by JCR-VIS at AAA/A-1+ for long term and short term respectively with the rating of its subordinated debt at AA+.

HBL’s core domestic business continues on a strong trajectory, with steady growth in key drivers. Total domestic deposits increased by 8% to nearly Rs 1.9 trillion and our leading market share increased further, to 14.4%. In the first six months of 2018 alone, the Bank added Rs 119 billion in domestic CASA deposits, and the ratio of current accounts rose to 36.3% in June 2018. Even more impressively, HBL’s average current accounts increased by around Rs 80 billion, a growth of 15% compared to the first half of 2017.  

With a renewed focus on robust lending growth, HBL’s domestic loan book increased by Rs 91 billion (13%) during the first six months with strong contributions from Islamic Financing, Consumer Lending and Corporate loans; the Bank’s steadily rising ADR improved to 47%, contributing to higher domestic interest income. However, with a reduction in the international balance sheet compared to 2017 levels, total net interest income declined by 2.7% to Rs 40.3 billion. In the first half of 2018, HBL continued its strong recovery performance, recording a reversal of Rs 240 million against loans, compared to a provision of Rs 564 million in H1 2017. The infection ratio further reduced to 7.6% while the coverage ratio strengthened to 91.7%.

HBL is fully committed to the financial inclusion of the country’s population and to expanding the digital retail payments infrastructure. In July, the Bank launched its proprietary and unique product, Konnect by HBL. This has received excellent market acceptance and in a few weeks, over half a million customers have been serviced. 25% of Konnect accountholders are women.  Within the first month, nearly 700,000 transactions with a value of over Rs 4.5 billion have taken place on the Konnect platform. HBL continues to widen its customer franchise and footprint; during 2018, the Bank has added over 600,000 customers, who it reaches through over 1,700 branches, 2,093 ATMs, 30,000 retail outlets and nearly 19,000 POS machines across Pakistan and our digital channels of HBL Mobile and Internet Banking.

HBL is conscious of its responsibility towards the development of Pakistan and is contributing Rs 100 million towards the construction of the Diamer Bhasha and Mohmand Dams. The Bank has embarked on a global business and compliance transformation project and will continue to invest in this area, in state of the art technology, and in building on its market leading brand presence. As part of this project, we intend to transform the way we deal with our valued customers and provide them exceptional service. 




Friday, June 8, 2018

HBL Granted Membership Bank Status under SCO IBA Framework

HBL Granted Membership Bank Status under SCO IBA Framework



Karachi:  Habib Bank Limited (HBL) is proud to be officially granted the status of membership bank, during the 14th council meeting of Shanghai Cooperation Organization Interbank Association (“SCO IBA”), was held between 4th to 7th June, 2018 in Beijing, China. 

The Shanghai Cooperation Organisation (SCO) is a Eurasian political, economic, and security organisation, the creation of which was announced on 15 June 2001 in Shanghai by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. It is the largest regional establishment in the world in terms of geographical coverage and population, and is one of the world's most powerful organizations. Pakistan officially became a member state of SCO on the 17th Meeting of Heads of State Council of SCO in Astana on June 9, 2017. 

HBL became a partner bank under SCO IBA on August 8, 2014, and has now been elevated as a member bank with the consent of other member banks present at current SCO IBA council meeting. It is a great honor and achievement for HBL to represent Pakistan on the SCO banking forum, and to be the first and only commercial bank in this forum. With its elevation in status as member bank, HBL is positioned to play an integral role in promotion of regional trade, investment and finance. 

Amongst many firsts, HBL was the first bank from Pakistan to receive a license for setting up a branch in China. It was also the first South Asian bank to receive permission to set up its banking operations in Urumqi, the largest city in the province of Xinjiang, which borders Pakistan along the traditional Silk Route. HBL’s Urumqi Branch is now fully functional and the bank is in the advanced stage of consultation with Chinese banking regulator to commence its 2nd branch in Beijing. 

Moreover, HBL also opened its branch in the Gwadar Free Zone in 2018, making it the first bank to have a branch in Gwadar Free Zone as well as China. HBL was also the first Pakistani bank to offer CNY accounts to its customers in Pakistan.

With progressiveness at its forefront, HBL has been a catalyst for CPEC since its inception. HBL Corporate and Investment Bank continues to drive this initiative forward with its entrenched relationships with Chinese financial institutions. HBL is proud of successfully collaborating with premier Chinese banks to undertake landmark transactions on such a massive scale, making the CPEC dream a reality.



Monday, May 7, 2018

Muhammad Aurangzeb joins #HBL as President and CEO

Muhammad Aurangzeb joins #HBL as President and CEO



Habib Bank Limited (HBL), the largest bank in Pakistan, is pleased to announce that Mr. Muhammad Aurangzeb has joined HBL as the President and CEO with effect from April 30, 2018. 

Mr. Aurangzeb is a well respected and seasoned banker with more than 30 years of diverse experience with leading global banks in Pakistan and overseas. He has joined HBL, from JP Morgan, Asia Pacific where he was the CEO Global Corporate Bank.

He started his career with Citibank, first in Pakistan and later in New York. Subsequently, he joined ABN AMRO Bank in a senior leadership role, rising to the position of Country Manager in Pakistan. He has since held senior level regional and global positions in ABN AMRO Amsterdam, RBS Singapore and, since 2011, with JP Morgan. 

Mr. Aurangzeb is a graduate of the Wharton School, University of Pennsylvania from where he received a Bachelor’s of Science degree in Economics as well as an MBA.  


 Upon assuming his new role, Aurangzeb said, “I’m delighted to be a part of HBL, which is an integral part of the nation’s fabric, and look forward to working with all the stakeholders to grow HBL from strength to strength.”

About HBL: HBL was the first commercial bank to be established in Pakistan. Its global network encompassing over 20 countries spanning across three continents. Over the years, HBL has grown its branch network with over 1,700 branches and more than 2,100 ATMs across the globe, servicing a customer base that exceeds 10 million.




Tuesday, March 20, 2018

HBL Declares Consolidated Profit after Tax Of Rs 8.2 Billion

HBL Declares Consolidated Profit after Tax Of Rs 8.2 Billion

Karachi (March 20, 2018): HBL yesterday declared a consolidated profit after tax of Rs 8.2 billion for the year ended December 31, 2017 with earnings per share of Rs 5.34. Pretax profit for the year is Rs 28.8 billion. The results are impacted by the US $ 225 million settlement payment made to the New York State Department of Financial Services in September 2017 which was included in the Q3 2017 results. Along with the results, the Board of Directors declared a Final Dividend of Re. 1 per share, bringing the total dividend for the year 2017 to Rs. 8 per share.

Excluding the impact of the settlement payment, HBL’s consolidated profit after tax for 2017 is Rs 31.9 billion, with pretax profit at Rs 52.5 billion.

HBL’s balance sheet has increased by 7% in 2017, to nearly Rs 2.7 trillion, as deposits have continued their growth trajectory, reaching Rs 2 trillion. This was driven by a growth of Rs 184 billion in domestic deposits and a consequent increase in the Bank’s market share to 14.3%. The domestic CASA ratio improved from 85.5% in December 2016 to 86.4% in December 2017 as the Bank added Rs 172 billion in CASA deposits. Domestic current accounts increased by more than 14% over the year to Rs 628 billion, further improving the deposit mix. Net advances increased by 14% to Rs 852 billion, as a 22% growth in the domestic loan book more than offset significant reductions in the Bank’s overseas lending activities.

A growth of Rs. 180 billion in average domestic CASA deposits has enabled the Bank to mitigate the impact of spread compression caused by a lower interest rate environment and competitive loan pricing. Coupled with the strong balance sheet growth, net interest income for the full year 2017 has increased marginally to Rs 83.1 billion. Non mark-up income increased by 5% to Rs 32.9 billion as the Bank realized capital gains and fees and commissions grew by 3%. With a strong recovery performance, the Bank registered net provision reversals for the full year 2017. The Asset Quality ratio improved from 9.2% in December 2016 to 8.2% at the end of 2017 while the coverage ratio increased to 91.6%.

Since September 2017, the Bank has actively pursued a plan to improve its capital ratios by optimizing its Balance Sheet. Consequently, the Consolidated Total CAR has increased to 15.9% as at December 2017, while Tier 1 CAR has improved to 12.0%. HBL will continue to focus on this critical area to ensure that its Capital Ratios remain well above regulatory requirements. 

2017 has been a challenging year for the Bank and HBL’s Board and management have taken serious note of the issues, with steps already initiated to address issues of governance, control and compliance. The Board and senior management have been strengthened with resources having global experience in these areas. HBL has also embarked on a compliance transformation program across the organization to proactively review and further enhance the Bank’s compliance processes and engaged internationally recognized consultants who have experience and expertise in this area. The Board reiterates its objective of promoting a “zero tolerance” compliance culture and will take steps to ensure that this permeates through all levels of the organization. 

During the year, HBL welcomed over 1 million new customers, who are at the heart of what we do. We will strive to deliver innovative products and a higher level of service to continuously improve the customer experience.



Thursday, February 1, 2018

HBL appoints Muhammad Aurangzeb as President and CEO

HBL appoints Muhammad Aurangzeb as President and CEO

Muhammad Aurangzeb appointed as President and CEO of HBL

Karachi: Habib Bank Limited (HBL), the largest bank in Pakistan, is pleased to announce that its Board has approved the appointment of Mr. Muhammad Aurangzeb as the President and CEO of HBL subject to approval of the Fit and Proper Test (FPT) by the State Bank of Pakistan. HBL has submitted the requisite application to the State Bank of Pakistan in this regard. 


Mr. Aurangzeb is a respected and seasoned banker with more than 30 years of diverse experience with leading global banks in Pakistan and overseas. He is currently the CEO Global Corporate Bank, Asia Pacific at JP Morgan. 

He started his career with Citibank, first in Pakistan and later in New York. He then joined ABN AMRO Bank in a senior leadership role, rising to the position of Country Manager in Pakistan. He has since held senior level regional and global positions in ABN AMRO Amsterdam, RBS Singapore and, since 2011, with JP Morgan. 

He is a graduate of the Wharton School, University of Pennsylvania from where he received a Bachelor’s degree in Science and Economics as well as an MBA.  




Tuesday, January 30, 2018

HBL leads the way as the only bank with a branch in Gwadar and China

HBL leads the way as the only bank with a branch in Gwadar and China


Karachi: HBL opened its branch in the free zone Gwadar on the 29th of January, 2018, making it the only bank to have a branch in Gwadar as well as China. With the launch of branch, HBL has achieved the monumental milestone of becoming the first branch to be opened in the new business centre in the Gwadar Free Zone.



Last year, HBL had become the first Pakistani bank to open a branch in China. The branch was opened in Urumqi - a city with enormous potential. HBL is also the pioneer bank to offer a CNY account in Pakistan to facilitate business and continue playing its instrumental role in CPEC.

The branch was inaugurated by ambassador of China to Pakistan, Mr. Yao Jing, along with Mr. Zhang Baozhong, Chairman China Overseas Port holding Company Ltd. and Mr. Rayomond Kotwal, Interim President and CEO, HBL. Speaking at the occasion, Mr. Rayomond stated, “Today HBL stands proud as it becomes the first bank with branches in Gwadar as well as China. We are honored to play a leading role in enabling the China Pakistan Economic Corridor, opening new avenues of business, trade and investment between the two countries.”

To enable the development of CPEC, HBL offers a comprehensive product range covering corporate and individual customers. HBL offers financing, trade based facilities, guarantees, remittances, loans, debit and credit cards and much more. Our target market is not just limited to our customers in Pakistan and China but we aim to market CPEC opportunities across boders using our international reach and customer base.

As a bank that is an integral part of Pakistan’s fabric, HBL is proud to be a force that is enabling the country to realize its true potential. With projects such as the China Pakistan Economic Corridor, we are revolutionizing the country’s business landscape paving the way for its economic prosperity. HBL aspires to contribute to the economic development in Pakistan and China, and looks forward to enriching the lives of its customers with its commitment to banking excellence. With its focus on China, HBL will play a pivotal role in promoting trade investment opportunities between North Western China, Central Asian countries, Pakistan and South East Asia. 

With a global presence spanning across three continents, HBL is also the largest domestic multinational. The Bank has a strong presence in principal international markets including the UK, UAE, South and Central Asia, Africa and the Far East.




Tuesday, October 10, 2017

Habib Bank Limited (HBL) switching to cloud technology for HR management

Habib Bank Limited (HBL) switching to cloud technology for HR management

Habib Bank Limited (HBL), Pakistan’s biggest bank has geared up efforts in a bid to promote transparency and to migrate all its critical data related to human resource management on the cloud, said senior official.


said Tayyaba Hussaini, head of HR and Projects at HBL.

“Our goal now is to take HR (human resource) system of the bank to mobile phones by means of cloud and mobile apps,”  

“We have to settle down for a hybrid system as central bank forced restriction for switching critical data to cloud.”

Hussaini, after the conclusion of Oracle Open World 2017, told that HBL has 1,700 branches and 15,000 employees and it is problematic mission to carry out affairs, evaluate performance and resolve compensations manually.

The 5day Oracle meeting concluded on 5 October.  HBL in its last 75 years of span bank did not have a merged data integrated to help improve its operations.

“There are modules on talent, employees’ performance, compensation and learning management integrated with cloud data,” said bank’s official.

Waqas Hashmi, country director sales at Oracle Corporation (Pakistan and Afghanistan) said financial services and telecom sectors are severely regulated in Pakistan and to retain big data within geographical boundaries.

Oracle, multinational technology firm has been operating primarily as a software development company for the last 40 years. Oracle cloud supporting 70 million users and 33 billion transactions or more each day and runs on 54,000 devices and more than 700 petabytes storage in 19 data centers.

Hashmi said subscribers of cloud services do not have to bother about network bandwidth is a ‘latency’ issue in Pakistan.

Oracle’s official said cloud technology makes business decision-making and innovation too relaxed.

Pakistan’s corporate sector is rapidly migrating to cloud technology.

DG Khan Cement, a leading cement manufacturer in Pakistan, is early adapters of Oracle technologies or cloud.

Aslam Khan, chief technology officer at DG Khan Cement said initially faced communication lag due to the internet issues but when upgraded the link with the support of Oracle problem solved.”

DG Khan Cement, a business concern of Nishat Group, planned to use machine learning to understand market trends and make forecast.  “Our target is to manage big data generated during our operations and leverage it for market predictions, identifying trends and informed decisions,” Khan said. 

“We will subscribe to technologies and take advantage of internet.”



Tuesday, August 29, 2017

Habib Bank Limited (HBL) to withdraw from New York

Habib Bank Limited (HBL) to withdraw from New York

HBL has been operating a small branch in New York since 1978, which mainly offers US Dollar clearing services. 

In 2015, the New York branch was subject to a Consent Order and a Cease and Desist Order by the New York State Department of Financial Services (“DFS”) and the Federal Reserve Bank of New York respectively. HBL had notified the Pakistan Stock Exchange of this in December 2015. 

Despite HBL’s sincere and extensive remediation measures over the last two years, DFS is still not appreciating or recognizing the significant progress that HBL has made at its New York branch and HBL has received a notice of departmental hearing by DFS, in terms of which DFS seeks to propose a civil monetary penalty of up to an outrageous amount of USD 629,625,000. The actual penalty has not yet been imposed and only a maximum amount of potential penalty has been proposed. HBL shall vigorously contest this in the scheduled administrative hearing and the courts of law in the United States, as being unjustified, capricious, unreasonable, not supported by facts or law and as being time barred.

HBL has further voluntarily decided to close its business in New York in an orderly manner and DFS has allowed HBL to submit a voluntary application for orderly winding down of its New York business. Steps to formalize this will commence shortly.

There will be no material impact on HBL’s business outside of the United States and HBL will continue to service the requirements of its domestic and international customers including for their US Dollar business.



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