HBL Pakistan
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Headquarters of HBL in Karachi
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| PLC | |
| Traded as | : HBL |
| Industry |
Financial services Banking Capital Markets |
| Founded | Bombay (now Mumbai, India), in 1941 |
| Headquarters | Habib Bank Plaza, Karachi, Pakistan |
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Key people
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Sultan Ali Allana Chairman Nauman Dar President & CEO |
| Products | Loans, credit cards, Savings, Consumer Banking etc. |
| Revenue |
 ₨114.75 billion (US$1.1 billion) - 2015 |
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₨35.1 billion (US$330 million) - 2015 |
|
| Total assets |
₨2.20 trillion (US$21 billion) - 2015 |
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Number of employees
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14,000+ |
| Website | Habib Bank Limited www.hbl.com |
HBL (Urdu: حَبيب بينك) (formerly Habib Bank Limited) now referred to as HBL Pakistan is a Karachi based multinational bank. It is the largest bank in Pakistan.
Founded in 1941, HBL became Pakistan's first commercial bank, in 1951 it opened its first international branch opened in Colombo, Sri Lanka. In 1972 the bank moved its headquarters to the Habib Bank Plaza, which became the tallest building in South Asia at the time. The bank was nationalised in 1974 and privatized in 2003 when Aga Khan Fund for Economic Development acquired a controlling share.
As of 2016, the bank has presence in over 25 countries spanning across four continents, including 1500 branches in Pakistan and 55 branches worldwide. It has operations in Hong Kong, Kenya, Nepal.
It is the largest company in Pakistan in terms of assets, and has repeatedly ranked top Pakistani company in the Forbes Global 2000.
Habib Bank offers the basic range of banking services to its customers, to include commercial, bank in the emerging markets.
Mohammed Ali Jinnah, Pakistan's founding father, realized the importance of financial intermediation while he was campaigning for the creation of a separate homeland for the Muslims of India. He persuaded the Habib family to establish a commercial bank that could serve the Indian Muslim community. His initiative resulted in the creation of Habib Bank in 1941, with HO in Bombay (now Mumbai), and fixed capital of 25,000 rupees. The bank played an important role in mobilizing funds from the Muslim community to finance the All-India Muslim League's campaign for the establishment of Pakistan. Habib Bank also played an important role in channeling relief funds to Muslims hurt in the communal riots and violence that preceded the departure of the British from India.
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Wikipedia