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News & Events


HBL DECLARES PROFIT OF Rs 9.1 BILLION

about 5 months ago

HBL today declared a consolidated profit after tax of Rs 9.1 billion for the first quarter of 2017, with earnings per share of Rs 6.16. Along with the results, the Bank declared a dividend of Rs 3.5 per share (35%).

HBL’s balance sheet has grown by 2% over December 2016 to reach Rs 2.6 trillion. Despite a decline in the market, the Bank’s deposits continued to grow, with market share rising to 14.2% and total deposits crossing Rs 1.9 trillion. Domestically, HBL grew its CASA deposits by Rs 30 billion during the quarter and the CASA ratio improved to 87.1%. Average domestic current accounts increased by 16% compared to Q1 2016, enabling the Bank to further reduce its cost of deposits. Lending activity has remained robust, with average domestic loans increasing by 24% over the first quarter of last year as all business segments delivered excellent performance. The Bank was thus able to overcome most of the spread compression caused by low interest rates, recording net interest income of Rs 20.1 billion.

With excellent performance from treasury related activities, non-markup income increased by 26% to Rs 8.3 billion. Fees and Commissions for the quarter grew by 9% to Rs 4.8 billion with continued strong performances by the Bancassurance, asset management and consumer finance businesses. HBL’s prudent risk management resulted in a reduction in non-performing loans with provisions also decreasing by 26% over the first quarter of 2016. The Bank’s infection ratio fell further, to 9.1%, while the coverage strengthened, to nearly 92%. HBL’s reach now includes more than 2,000 ATMs and over 14,800 POS machines, augmenting its network of 1,678 branches, to provide access and convenience to its customers across Pakistan.

The consolidated Capital Adequacy Ratio (CAR) as at March 2017 was 15.5%, with the Tier 1 CAR at 12.1%, both well above regulatory requirements. The Bank’s local credit ratings remain in the highest possible AAA/A-1+ categories for long term and short term respectively. During the quarter, HBL continued to receive several important awards including the Best Domestic Bank in Pakistan by Asiamoney, and the Best Retail Bank in Pakistan, by The Asian Banker.

HBL’s growth trajectory remains robust, with stable profitability and adequate reserves of liquidity and capital. As Pakistan’s national institution, HBL is conscious of its responsibility towards the development of the country and is well positioned to participate in infrastructure development activities under the CPEC, while providing increasing levels of service and innovative products to its valued customers within a strong governance framework.


April 20, 2017

HBL and BOC discuss future Cooperation

about 7 months ago


(Left to Right) Mr. Nauman K. Dar, President & CEO HBL, Mr. Sultan Ali Allana, Chairman HBL along with Mr. Tian Guoli, Chairman Bank of China at HBL Plaza, Karachi. 

 

 

Chairman Habib Bank Limited Mr. Sultan Ali Allana hosted a lunch for the Chairman Bank of China Mr. Tian Guoli and his team at HBL Plaza Karachi.  Chairman BOC is visiting Pakistan to discuss and explore the possibilities of setting up a branch of BOC in Karachi.

 

During the meeting Chairman HBL briefed Mr. Tian on the banking potential in Pakistan and discussed ways on how the two banks can cooperate in various areas including technology, CPEC, business in Pakistan and China, collaboration in international markets and people training and development.

 

Chairman BOC agreed with Mr. Allana and discussed specific proposals on the areas of cooperation and the method of cooperation.  He was confident that the two banks will be able to benefit from their respective expertise and will cooperate closely in future.  

 

The meeting was also attended by Nauman Dar, President & CEO, HBL and senior management of both banks.

 

Bank of China is the fourth largest bank in the world with assets exceeding US$ 2.6 trillion and HBL is the largest bank in Pakistan with assets of US$ 22.7 Billion.

HBL declares profit of 34.2 billion

about 7 months ago

HBL today declared a consolidated profit after tax of Rs 34.2 billion for the full year 2016, with earnings per share of Rs 23.23. Along with the results, the Bank declared a final dividend of Rs 3.50 per share (35%), bringing the total dividend for the year to Rs 14 per share.

HBL’s balance sheet has grown by 13% over December 2015 to reach Rs 2.5 trillion. Overall, the Bank added Rs 250 billion in deposits, while maintaining its CASA ratio. Current accounts increased by more than 16%, reaching nearly Rs 700 billion with the current account mix improving to 37% of total deposits. In 2016, HBL grew its average domestic current accounts by 19% over 2015, enabling the Bank to reduce its cost of deposits. With the improved economic climate, lending growth has accelerated with loans growing by over 17%, driven by increases in Corporate lending, but with strong support from the SME and Consumer segments. The Bank was thus able to grow net interest income by 5% to Rs 82.0 billion for 2016.

Fees and Commissions rose by 8% to Rs 18.7 billion with new records being set in Bancassurance, investment banking and consumer finance. Trade, remittances and general banking related fees continued to make significant contributions to fee income. HBL’s prudent lending and active recovery efforts have resulted in a decade low provision charge of less than Rs 1 billion, an 81% reduction over 2015. Simultaneously, the Bank was able to improve its asset quality as the infection ratio fell to single digits, its lowest level in the last 8 years. HBL’s reach now includes 2,000 ATMs and nearly 15,000 POS machines to provide access and convenience to its customers across Pakistan.

The consolidated Capital Adequacy Ratio (CAR) at the end of 2016 was 15.5%, with the Tier 1 CAR at 12.0%, both well above regulatory requirements. The Bank’s local credit ratings remain in the highest possible AAA/A-1+ categories for long term and short term respectively, while international rating agencies have also reaffirmed HBL’s rating. These are reflective of the Bank’s healthy capitalization ratios, sound liquidity profile and its systemic importance. During the year, HBL continued to receive accolades including Bank of the Year in Pakistan, by The Banker, UK, the Best Domestic Bank in Pakistan by Asiamoney and the Safest Bank in Pakistan, by Global Finance.

HBL has continued to deliver strong results and is well positioned to leverage the upcoming economic opportunities. Over the last 75 years, HBL has served Pakistan and its people with pride and passion as the country’s leading commercial bank. The Bank will strive to play its role in the nation’s development and to provide increasing levels of service and innovative products to its valued customers in the years ahead.

February 14, 2017


HBL PROFIT SURGES TO RS 25.8 BILLION

about 11 months ago

HBL today declared a consolidated profit after tax of Rs 25.8 billion for the first nine months of 2016, with earnings per share of Rs 17.47. Along with the results, the Bank declared a third quarter dividend of Rs 3.50 per share (35%).

HBL’s balance sheet has grown by 7% over December 2015 to reach Rs 2.4 trillion. Domestic CASA deposits increased by 9% and the CASA mix improved to 89% as at September 30, 2016. The domestic deposit mix continued to improve, and current accounts now form 35.6% of deposits. Average current accounts for the first nine months of 2016 increased by 19% over the comparable period of 2015, enabling HBL to reduce its cost of domestic deposits. With average domestic loans also growing across all segments, the Bank was able to grow net interest income by 7% to Rs 62.2 billion for the first nine months of 2016.

Fees and Commissions continued their growth trajectory, rising by 18% to Rs 13.7 billion for 9M 2016. Bancassurance, trade, investment banking and general banking related fees continued to make significant contributions to the fee income. With enhanced recoveries, the Bank was able to reduce provisions by 58% compared to the first nine months of 2015 while growth in administrative expenses was restricted to 10% over the same period of 2015. The NPL coverage ratio improved over the previous quarter to reach 90% as at September 30, 2016.

HBL is committed to delivering new and innovative products and, earlier this year, became the first bank in Pakistan to enable biometric sign-on to its mobile app. The Bank strives to continuously raise its service levels to keep improving the customer experience. HBL’s reach now includes nearly 2,000 ATMs and over 14,000 POS machines to provide access and convenience to its broad array of customers.

The consolidated Capital Adequacy Ratio (CAR) as at September 30, 2016 was 16.4% with the Tier 1 CAR at 12.7%, well above regulatory requirements. The Bank’s credit ratings were re-affirmed earlier this year by JCR-VIS at AAA/A-1+ for long term and short term respectively. The ratings are supported by the healthy capitalization ratios and HBL’s sound liquidity profile and reflect the systemic importance of the Bank.

HBL has continued to deliver strong results. With growing liquidity and capital, the Bank is well positioned to leverage opportunities in the improving economic conditions and play its role in the development of Pakistan as its largest commercial bank.

October 20, 2016


HBL celebrates its 75th anniversary

about 13 months ago

​​August 25, 2016: HBL, Pakistan's largest bank, launched its 75th anniversary celebrations, in a special ceremony held at the HBL Plaza in Karachi. The event was attended by Mr. Sultan Ali Allana (Chairman, HBL) along with the Bank’s senior management to celebrate HBL's past and embrace its bright future.

The history of HBL is tantamount to the history of the banking industry in Pakistan. HBL was the first commercial bank to be established for the Muslims of the Indo-Pak subcontinent in 1941, and today it is the largest bank in the country. HBL’s inception has been inextricably linked with the origin of Pakistan and consequently, it has always been an institution that has played a significant role in the nation’s economic progress.

With a rich heritage over 75 years, HBL is now looking towards an even brighter future with boundless opportunities. The Bank aims to continue serving the nation and all the regional markets where it operates with a focus on the needs of its customers and the resolve to inspire them to dream and do more.

Speaking at this occasion Mr. Sultan Ali Allana (Chairman, HBL) said, “HBL’s outstanding journey from 1941-2016 is an accomplishment, which the HBL fraternity is honored to be associated with. Spanning over seven extraordinary decades, HBL has set an exemplary precedent of providing effortless services to Pakistan in the banking and financial sector.”

He further added, “During these remarkable 75 years, the Bank saw the dreams of countless Pakistanis enabled, and the enrichment of millions of lives. This is the power and legacy of HBL. Today, HBL marches forward to meet another 75 years, determined to push the boundaries, test the limits, and Insha’Allah do more than any bank has done before.”

Also present at the ceremony, Mr. Naveed Asghar (Chief Marketing Officer, HBL) said, “It is a moment of great happiness, and a reflection of HBL’s regional and global standing. On HBL’s 75th anniversary, we come together to celebrate the Bank’s myriad accomplishments and a strengthened resolution to continue enriching the lives of millions more.”

HBL is the largest bank in Pakistan with over 1,700 branches, 1,900 ATMs, and a customer base exceeding 8. 5 million. It has presence in over 25 countries across four continents.

HBL DECLARES RECORD PROFIT OF RS 16 BILLION

about 2 years ago

HBL today declared a consolidated profit after tax of Rs 16.0 billion for the first half of 2016, with earnings per share rising to Rs 10.86. Along with the results, the Bank declared a second quarter dividend of Rs 3.50 per share (35%).

HBL’s balance sheet has grown by 6% over December 2015 to reach Rs 2.4 trillion. Domestic deposits increased by 9% and the Bank’s market share rose to 14.3%. The deposit mix continued to improve, and current accounts now form 34.7% of total deposits. Average current accounts for the first half of 2016 increased by Rs 78 billion compared to H1 2015, enabling HBL to reduce its cost of domestic deposits to 2.8%. With average domestic loans also growing across all segments, the Bank was able to grow net interest income by 6% to Rs 41.4 billion.

Fees and Commissions continued their strong growth, rising by 15% to Rs 9.3 billion for H1 2016. Bancassurance, trade, investment banking and general banking related fees remained the main contributors. Growth in administrative expenses was contained to 10% over H1 2015 and the Bank was able to reduce provisions by 19% over the first half of 2015, despite additional conservative provisioning. The coverage ratio improved over the previous quarter to reach 89.2% as at June 30, 2016.

HBL is committed to delivering new and innovative products and continuously raising its service levels to keep improving the experience and convenience of its customers. HBL now has nearly 2,000 ATMs and over 14,300 POS machines. Earlier this year, HBL launched its Mobile app and has recently become the first bank in Pakistan and one of the very few banks in the world to enable biometric sign-on.

The consolidated Capital Adequacy Ratio (CAR) as at June 30, 2016 was 16.8% with the Tier 1 CAR at 12.8%. The capital ratios remain strong and well above required levels. The Bank’s credit ratings were re-affirmed by JCR-VIS at AAA/A-1+ for long term and short term respectively. The ratings are supported by the healthy capitalization ratios and HBL’s sound liquidity profile and reflect the systemic importance of the Bank.

HBL has continued to deliver strong results. With adequate reserves of both liquidity and capital, the Bank is well positioned to leverage growth opportunities and play its role in the development of Pakistan as its largest commercial bank.

August 18, 2016

Let the festivities begin

about 2 years ago

We at HBL know how important it is to stay at ease during the busiest and joyous time of Eid. That's why we are happy to announce that all HBL branches will remain open from 8am till 5pm on Monday, July 04, 2016 for your convenience.

 

HBL wishes you a very Happy Eid

HBL acquires majority share in the First MicroFinance Bank Limited

about 2 years ago

HBL has acquired a 51% majority shareholding in the First MicroFinance Bank Limited (FMFB), the first and oldest microfinance bank in Pakistan with a presence in over 150 locations covering 66 districts. FMFB's roots lie in the credit and savings programmes of the Aga Khan Rural Support Program (AKRSP) dating back to 1982. A signing ceremony to mark the event was held today in Islamabad in the presence of Princess Zahra Aga Khan and Prince Rahim Aga Khan.

FMFB offers targeted financial and multi-sectoral products and services based on the evolving needs of its clients, including a wide range of flexible loan products to serve the diverse financial needs of the unbanked and the under-banked in the rural, urban and semi-urban areas in Pakistan. The Bank also offers micro-insurance products with credit and saving services to all borrowers to provide protection against life, health and financial liabilities.

Speaking on the occasion, Sultan Ali Allana, Chairman HBL said, "The acquisition is in line with HBL's commitment to be a leader in financial inclusion with an emphasis on serving customers from all segments of society across all areas of Pakistan".

Nauman K Dar, HBL's President & CEO said "Today's investment will enable HBL to more directly influence the microfinance space, accelerate inclusion and rapidly scale up the customer base. HBL will provide guidance and enable FMFB to leverage technology based synergies such as branchless and mobile banking which are ideally suited to service this mass segment efficiently".​


May 25, 2016​

HBL NY Branch: Regulatory Orders (19-Dec-2015)

about 2 years ago

HBL operates a branch in New York, which is licensed by the New York State Department of Financial Services (NYSDFS) and which is subject to oversight and supervision by the Federal Reserve Bank of New York (FRBNY). The NY Branch of HBL had been operating under a "Written Agreement" with the NYSDFS and the FRBNY since 2006. During a recent examination, the US Regulators found deficiencies in the risk management and BSA/AML compliance program at HBL New York branch and, subsequently, escalated the enforcement actions from the "Written Agreement" to a "Consent Order" in the case of NYSDFS and a "Cease and Desist Order" in the case of FRBNY. These Orders impose certain additional requirements to remediate on the branch and provide mechanisms for enforcement if the remediation is not met.


HBL New York branch will continue to maintain its US license, and will continue to provide its branch services as usual. The Orders limit the branch's growth of its US dollar clearing business, but the branch is allowed to continue to conduct its current dollar clearing business. It cannot accept new foreign correspondent accounts or new customer accounts in New York for US dollar clearing without prior approval of the Regulator. It cannot increase its US Dollar clearing business both in terms of number of transactions or the aggregate amount without prior permission of the US Regulators.


HBL takes its regulatory responsibilities very seriously and has been taking actions in advance of even entering these Orders to enhance its compliance program, including engaging outside compliance consultants to review its current program. We believe that these measures will put us in a position to move quickly on the requirements in the Orders.


HBL is the largest bank in Pakistan with a history spanning 75 years. It has presence in 28 countries worldwide through branches, subsidiaries and affiliates, including in all major financial centers. It prides itself on having an ethos of strong corporate governance at all levels and is committed to meeting regulatory guidelines in all jurisdictions in which it operates.​​​

HBL enables women under the launch of ‘HBL Nisa’ platform (17-Nov-2015)

about 2 years ago

Karachi, November, 17th, 2015:  HBL today launched, yet another initiative- HBL Nisa- to facilitate women’s banking in Pakistan. Women make up nearly half of the Pakistani population, and play a vital role in the country’s economic and social development. With Nisa, HBL hopes to cater to their unique needs and aspirations, and become their preferred banking destination. The launch took place with an event held at HBL’s head office in Karachi, featuring talks by two prominent achievers, aviation adventurer Tracey Curtis, and expert mountaineer Samina Baig. Among other topics, the duo spoke about the heights they have reached, both literally and figuratively, how far women have come and the challenges they still face.​


Both women represent the pinnacles of their respective professions, and share a love for adventure. Together, they urged the women to pursue their dreams, despite any hurdles they may face.

Speaking at the event, Ms. Sima Kamil, HBL’s Head of Branch Banking said that “HBL Nisa is an exciting initiative for the women of Pakistan. HBL aims to be the Bank of Choice for women, a place where they are welcomed, heard and valued”

Mr. Naveed Asghar, HBL’s Chief Marketing Officer added “HBL is all about enabling dreams, irrespective of gender, and it is a proud moment for us to have introduced a platform under HBL Nisa which will cater to the needs and aspirations of Pakistani women.”


HBL and Virtual University sign Internet Payment Gateway Agreement (11-Nov-2015)

about 2 years ago

​Lahore, November 11th, 2015: HBL, Pakistan’s largest bank entered into an Internet Payment Gateway Agreement with Virtual University of Pakistan (VU), the first of its kind university in Pakistan.


A ceremony marking this event was held at HBL Regional Head Quarters, Lahore on Tuesday. The participants included Dr. Naveed A. Malik, Rector of VU , Mr. Naeem Tariq, Director of Finance, VU, Mr. Faiq Sadiq, Head of HBL’s Payment Services Group and Ms. Sobia Chughtai, HBL’s Corporate Head – Central, along with other members of both organizations.

The agreement allows HBL to offer an exclusive online payment platform for the VU community, especially students. Paying for lectures, examinations and tuition fees online is an enormous capability being introduced by VU for its patrons using HBL InternetPaymentGateway (IPG).

HBL InternetPaymentGateway is powered by VISA – Cybersource, which holds 60% of the payment
gateway market. The platform is fully equipped with modern fraud control tools and transaction
security features.

Speaking on the occasion, Dr. Malik expressed his gratitude towards HBL for offering online
financial solutions focused on improving the existing payment mechanism. He added that the
services aimed to facilitate students, in particular VU’s overseas strength, giving them the benefit of
paying their fees using plastic. He hoped that “the VU and HBL relationship to further grow under a
mutually beneficial partnership”.

Mr. Sadiq said that “Educational institutions are key to our Country’s future and Virtual University
is playing a vital role towards enhancing the educational sector. Our recent alliance with VU on IPG
is a stepping stone towards cementing our existing relationship.

We are delighted to partner with educational institutions and look forward in building a better,
stronger community with a common aim in improving lives of students / faculty by providing
efficient, reliable, cost effective and next generation financial services through alternate channels.”​​​​​​

HBL Profit Surges to Record Rs. 27 Billion (21-Oct-2015)

about 2 years ago

HBL today declared its results for the first nine months of 2015, delivering an impressive growth of 26% in post-tax profit which set a new record of Rs 27.5 billion. Pre-tax profit touched nearly Rs 48 billion, a massive growth of 44% over the same period last year. Earnings per share for the nine months increased to Rs18.19 compared to Rs14.85 for the first nine months of 2014. Along with the results, the Board declared a dividend of Rs. 3.5 per share for the quarter.​​​​​
 
HBL’s balance sheet has increased by 11% over December 2014, making it the first bank ever in Pakistan to cross Rs 2 trillion. Net interest income increased by 18% to Rs 58.5 billion, driven by a remarkable 23% growth in average domestic current accounts. Non-markup income exhibited an unprecedented growth of 74%, reaching Rs 29.4 billion, with fees and commissions soaring 30%, mainly due to growth in Bancassurance, card related fees, remittances and investment banking income. This growth included capital gains of Rs 11.5 billion from both the equity and fixed income markets, with total revenue reaching almost Rs 88 billion.


Administrative expenses declined slightly over the previous quarter, even as the Bank continued to invest in infrastructure for providing wider access to financial services. HBL is committed to financial inclusion for the masses and now provides multiple access channels in addition to its 1,630 branches. The Bank offers options through nearly 1,900 ATMs and over 9,700 POS machines for its more than 8 million domestic customers to carry out their banking needs. As a result of the strong revenue growth, the cost/income ratio for the period also reduced to 41.0% compared to 46.8% in 9M 2014. The Bank’s conservative risk management has resulted in a drop in non-performing loans which have declined by Rs1.6 billion in 2015. 


With a Capital Adequacy Ratio of 16.6%, and a 21% return on equity, HBL’s Balance Sheet remains strong, liquid and adequately capitalized to take advantage of the opportunities offered by the country’s growing economy.
 
October 21, 2015​​​

HBL Acquires Barclays Bank PLC Pakistan (15-Jun-2015)

about 3 years ago

Karachi: Habib Bank Limited (HBL), Pakistan’s largest bank, had announced earlier that it had entered into an agreement with Barclays Bank PLC to acquire Barclays banking business in Pakistan. This acquisition was approved by the State Bank of Pakistan and from 15th June 2015 the Pakistan business of Barclays Bank PLC has been amalgamated with and into HBL. On this milestone, Mr. Nauman Dar, President and CEO of HBL stated, "HBL takes pride in this acquisition and we thank the State Bank of Pakistan, the Barclays Staff and the Customers for their cooperation”, Mr. Dar continued by welcoming the Barclays customers and staff to the HBL family.​

HBL-Tracking World May (16-May-2015)

News & Events about 3 years ago

HBL, Pakistan’s largest bank has signed a multilateral accord with Tracking World (Pvt.) Ltd. as a onewindow solution for electronic financial services. The agreement encompasses Bill Payments through ADCs, Payment Gateway for Retail Payments, Card Alliance Deal and Salary Disbursements amongst others. 

​​HBL upholds its vision to touch and transform lives where possible, through Alternate Delivery Channels (ADCs. Tracking World (Pvt.) Ltd. has a prominent presence in IT infrastructure solutions, capturing local & international markets. It has been a pioneer in navigation, tracking and GPS for over a decade now. 

​HBL Payment Services Head, Mr. Faiq Sadiq termed the union as a perfect example of evolving synergies between entities by leveraging latest IT services.​

HBL – MCR sign MOU for Consumer Transaction Technologies (7-May-2015)

News & Events about 3 years ago

Karachi (Wednesday, March 4th 2015) – Habib Bank Limited (HBL), Pakistan’s largest bank, recently joined hands with MCR Private Limited, more commonly known for its renowned food franchises, Pizza Hut, Burger King & TGIF, to provide customized and convenient banking solutions to MCR clients for food delivery & order placements. MCR has taken a step into the bank’s POS acquiring business by placing 57 HBL POS terminals at various outlets across Pakistan. HBL’s MPOS model will be included among the food delivery payment options as well, bringing quality and convenience to customers’ doorsteps. Internet Payment Gateways have also been deployed for both brands. Mr. Aqeel Hassan (MCR - CEO & Chairman) voiced their goal of maintaining MCR’s benchmarks of food production at international standards. He also emphasized on his aim to ensure that MCR brand names are technologically abreast with contemporary international banking practices. Mr. Nauman Dar, (HBL – President & CEO), underlined the fact that these solutions would principally benefit the consumer, and therefore further develop the brands of MCR. Both HBL and MCR were confident that together they could accomplish a much needed technological enhancement of the company to meet international banking standards.

HBL signs FINCA Microfinance Bank Limited for Loan Repayments through its Branchless Banking network. (5-May-2015)

News & Events about 3 years ago

Lahore, March 27, 2015: HBL, Pakistan’s largest bank has come into an arrangement with FINCA Microfinance Bank Ltd for the collection of loan installments through HBL Express network. As a part of its vision and social responsibility, HBL launched its branchless banking services under the premise of financial inclusion for low cost delivery of basic financial services; serving the unbanked and underprivileged segments of economy. Finca Microfinance Bank with a multinational presence in 23 countries upholds the same values serving the same segment through micro-crediting. HBL Payment Services Head, Mr. Faiq Sadiq termed the union as the first real steps towards financial inclusion where two financial institutions are bringing forward their core expertise and bundling them together to serve a common goal. Mr. Mudassar Aqil, CEO FINCA Microfinance Bank Ltd, on the occasion shared his views about the MicroFinance industry and Branchless Banking being two sides of the same coin where in the future, one can’t go without the other.​

ICBC and HBL to develop industrial parks in Pakistan April 22, 2015 Suzhou, China 2nd April 2015 (22-April-2015)

News & Events about 3 years ago


Industrial and Commercial Bank of China (ICBC) the largest bank of China, and Habib Bank Limited (HBL) the largest bank of Pakistan, join hands for setting up industrial zones in Pakistan. This initiative was launched in an investment conference held in Suzhou China
The objective of this conference was to make Chinese companies aware of the opportunities in Pakistan to create synergies and partnerships amongst businessmen of both countries. Such an initiative is also expected to promote economic development, attract foreign investment, modernize the industrial base and result in transfer of technology for Pakistan.
The attendees of this conference included representatives of the Governments from both countries, Suzhou Municipal Government, ICBC and HBL. Over 40 Chinese companies and 15 Pakistani companies attended the conference.
This idea of developing industrial zones in Pakistan was incubated in 2013. The basic premise behind this idea was to attract Chinese companies to setup industries in Pakistan and to promote partnerships between Chinese and Pakistani companies. Being the largest bank in Pakistan, HBL now has global footprints in 29 countries including China. The Bank works closely with institutions like ICBC to provide its customers access to Chinese businesses and financial sector. This partnership has led to enhancement of joint collaborations in several enterprises, including project financing and debt arrangement, trade products, and investment banking.
​​


Grievance Commissioner Cell for Overseas Pakistanis (13-Mar-2015)

about 3 years ago

The Honorable Federal Ombudsman of Pakistan, Mr. M. Salman Faruqui NI, has established the Grievance Commissioner Cell for Overseas Pakistanis in Federal Ombudsman Secretariat by appointing Hafiz Ahsaan Ahmad Khokhar Advocate Supreme court of Pakistan, Senior Advisor Law/Registrar as Grievance Commissioner for Overseas Pakistanis under Section (7) of the Federal Ombudsman Institutional Reforms Act, 2013, to address the individual and systematic issues of the Overseas Pakistanis related to the Federal Government Ministries, Departments, Organizations and Agencies. 

The detail information for connecting the Secretariat of Federal Ombudsman and Grievance Commissioner Cell is as follows: 

  • Hafiz Ahsaan Ahamd Khokar
  • Senior Advisor Law/Registrar 
  • Grievance Commissioner for Overseas Pakistanis 
  • www.ombudsman.gov.pk 
  • Hafizahsaan1973@gmail.com, Advisor.hakhokhar@ombusdsman.gov.pk 
  • Land Line Number : 0092-51-9217243 
  • Fax: 0092-51-9217256 
  • Mobile Number: 0092-300-8487161
  • Federal (Wafaqi Mohtasib) Ombudsman Secretariat, 36- Constitution Avenue, G-5/2, Islamabad, Pakistan​

HBL to acquire Pakistan business of Barclays Bank PLC (12-Mar-2015)

about 3 years ago

Thursday, 12th March, Karachi HBL, Pakistan’s largest bank, announced that it has entered into an agreement with Barclays Bank PLC for the acquisition of the Barclays banking business in Pakistan. This agreement is subject to regulatory approvals. The announcement was made at a ceremony held in Karachi, where Mr. Nauman Dar, President & CEO, HBL and Mr. Imran A. Siddiqui, Chief Executive Officer, Barclays Bank PLC, Pakistan were present along with senior officials from both banks. Speaking at the occasion, Mr. Nauman Dar stated, "HBL will continue to be a key developer of the financial industry in Pakistan. The proposed acquisition is part of this commitment and ties in with the bank's mission of creating value for all our stakeholders, especially our customers.” This proposed acquisition is driven by the opportunities that Barclays Pakistan’s clients and employees offer. HBL will work closely with Barclays to ensure a smooth transition over next few months. HBL is the largest domestic multinational bank in Pakistan offering a wide range of commercial and retail banking services in Pakistan and overseas. The bank serves a customer base of over 7.5 million through branch network of nearly 1,600 branches and a network of over 1,550 ATMs globally. HBL looks forward to welcoming Barclays Pakistan’s customers to the HBL platform and providing them with quality service once the transition is complete. ​

HBL and NOWPDP signed an agreement for the benefit of the people with special needs (4-Feb-2015)

about 3 years ago

KARACHI: HBL, Pakistan’s largest bank, recently signed an agreement with Network of Organizations Working with People with Disabilities, Pakistan (NOWPDP). NOWPDP aims towards promoting the creation of an inclusive society which values and upholds the rights of people with special needs. This agreement will enable HBL to integrate people with special needs into the mainstream through capacity building of institutions, creating awareness and providing economic empowerment. Mr. Tariq M. Akbar, Head of Global Operations, HBL said, “The bank has taken a very noble initiative that is completely non-monetarily driven. This is not a business opportunity but a pure service that strengthens our vision of enabling people." Mr. Amin Hashwani, President NOWPDP, stated, “We are delighted to see that HBL has become the torch bearer and the trendsetter in disability inclusiveness, within the banking sector.” HBL is the first bank in Pakistan to take this project through its 30 selected branches Pan Pakistan. Implementation will be starting with infrastructural changes to make the buildings more accessible along with conducting sensitisation sessions to train its employees to interact and communicate with people with special needs more effectively.​

HBL Express and NADRA Launch Branchless Banking Services (1-Jan-2015)

about 3 years ago

​​Karachi: January 01, 2015: To further pursue the vision of financial inclusion, financial literacy and strengthening outreach, HBL has joined hands with NADRA Technologies Limited (NTL) to launch branchless banking services. The product suite includes Domestic Remittance backed by Mobile Wallets, Microfinance Loan Repayments, G2P Payments and International Remittances in the future. NTL e-Sahulat hosts a nationwide presence with 8000 plus touch points serving the underprivileged stratum of the economy. Taking forward its vision of “Enabling people to advance with confidence and success,” HBL, the largest commercial bank in Pakistan, launched their branchless banking initiative called HBL Express in 2013. Introduced as a channel to provide basic financial services at a micro-economic level, branchless banking has evolved as a parallel banking system which now caters to a diversified range of market offerings with unique service values, mobility and simplicity. Mr. Faiq Sadiq, Head – Payment Services Group at HBL commented “the centerpiece of inception of branchless banking services is financial inclusion. Less than 13 percent of 190 Million people residing in Pakistan are in any form of direct formal relationship with a financial institution. The remainder of 87 percent relies on informal means to meet their day-to-day financial needs. HBL aims to bring these unbanked segments of economy into a formal financial blanket.” Mr. Sadiq further added that this arrangement is a leap forward for the industry in Pakistan. On this occasion, Mr. Saleem Rafik, Director Generation Operations NTL said that NADRA eSahulat was the first platform to offer electronic payment of utility bills through franchised model. Today it offers the domestic remittance and other branchless banking services in collaboration with HBL Express. This collaboration is a one of a kind joint-venture since most banks are partnering with telcos /mobile carriers for branchless banking. He further highlighted that our solution is not only seamless and swift but also has been further secured as CNICs of senders and receivers are verified by NADRA for each transaction. This unique feature will not only facilitate consumers with added advantage to avoid errors but will also facilitate the banking industry for financial inclusion and allow for transparent transactions. ​

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