Karachi, 05 April 2021

HBL has joined forces with Hysab Kytab and launched the first comprehensive Personal Finance Manager (PFM) solution, offered by any bank in Pakistan. Hysab Kytab’s PFM (budgeting) tool is integrated into HBL Mobile and will enable all app users to take control of their financial wellbeing.

Reinforcing its passion for customer-centric digital banking under the slogan of ‘more than just banking’, HBL Mobile is tirelessly working towards developing a deeper understanding of customer needs in order to server them better by offering them intuitive banking solutions. Now, HBL Mobile users will be able to record and track expenses, create budgets in various categories, plan and track saving goals, and view all accounts in one place, amongst other features.

Commenting on this partnership Abrar Ahmed Mir, Chief Innovation and Financial Inclusion Officer - HBL said ‘’This partnership with Hysab Kytab is a pivotal step in providing our mobile banking users with a holistic view of their finances, and empowers our customers to make sound financial decisons. HBL continues to deliver innovative banking solutions, and this PFM will act as a key differentiator in our internet and mobile banking services.”

Veqar Islam, Head - Hysab Kytab stated ” Going live with HBL is a major milestone. Hysab Kytab is a PFM born in Pakistan and I thank HBL for trusting and selecting it for their own digital platforms. This is the kind of support that our local banks can offer to help Pakistan’s FinTech industry to grow and provide solution for the local requirements.”

We encourage our customers to login to the HBL Mobile app, click on ‘budget’ section and make use of this facility.

Muhammad Aurangzeb, President & CEO - HBL (Left) and Fawad Ahmed Mukhtar, CEO Fatima Group (Right), signing the agreement between the two organizations.

Karachi, 28 July 2021

HBL and Agro Digital (Pvt.) Limited (a Fatima Group company) signed a strategic partnership through an MOU that encompasses jointly exploring various activities that will have a sustainable impact on the agriculture sector whilst uplifting the financial well-being of small farmers in Pakistan

HBL’s Development Finance Group (DFG) is tasked with deepening and widening the agro-ecosystem using innovative technologies and fair priced financing solutions to augment Pakistan’s agriculture value chain under a unique ‘Farm-to-Fork’ model. The Bank has successfully launched pilots on major food crops that involve optimized agronomy advisory alongside fair-priced quality inputs and mechanized services in the form of ‘in kind’ loans. These have been ‘tailored for each farmer in the field’, by the agronomists employed by HBL. Farmers are on boarded digitally via HBL Pay and loans are approved swiftly using the end-to-end seamless digital process.

Fatima Group is an established name in the agri sector and is playing a major role in key crops of the country. It has a strong footprint in Pakistan’s agricultural sector. Its flagship brand “Sarsabz” is the fertilizer of choice amongst millions of farmers across Pakistan and is used for all crops and in all seasons. It contributes to the national economy by enhancing crop yields of more than 10 million acres through provision of value-added fertilizers, thus contributing to the national food security. In addition, Fatima Group has one of the largest teams of agriculture experts in the country providing advisory services to Farmers.

Muhammad Aurangzeb, President & CEO – HBL, commenting on the occasion said, “HBL is committed to empowering the marginalized and underserved sectors of the economy, leading to a more financially inclusive society. HBL’s strategic alliance with Agro Digital (Fatima Group) will enable farmers, who are the backbone of our country, to build a secure livelihood. Investing in the agricultural sector is an integral part of the Bank’s business agenda and is in line with the Government of Pakistan’s vision of building a prosperous agricultural economy that will contribute to the national GDP and uplift rural communities.”

Fawad Ahmed Mukhtar, CEO Fatima Group, commenting on the MOU signing said, “Fatima Group’s vision is to bring about transformation of Pakistan’s agriculture sector. We are an active partner with the Governments of Pakistan & China under CPEC-II Agriculture Development Initiative and are collaborating with reputed companies to bring high quality seed of cotton and other value-added crops in Pakistan. Our aim is to develop a well-integrated and vibrant agriculture ecosystem with an objective to fulfil farmer needs of access to finance, inputs, markets and information by using latest technologies. We are also striving to bring modern crop-production technologies to develop end-to-end value chain of agri products. This collaboration between Fatima Group and HBL will assist farmers with access to quality seeds & fertilizers, crop management advisory services and mechanization services resulting in better yields.”

​Karachi, September 3rd, 2021

marks a special occasion in the history of HBL, Pakistan’s largest Bank in the private sector. The Bank celebrates the 50th anniversary of the HBL Plaza building today. The HBL Plaza building commenced its operations on 4th September 1971. This commanding 335 feet skyscraper stands tall on I.I. Chundrigar Road, the heart of Pakistan’s financial district, and houses over 1,700 employees.

Recognized as one of the most prominent buildings of Pakistan, the building’s structure with its distinct shape and engineering firsts in Pakistan, remains a symbol of Karachi’s skyline and continues to be one of the most prominent landmarks of the country. Upon its commencement, it was the tallest bank building in Asia and for decades it remained the tallest building in the country.

Few structures in the country are as embedded in the nation’s psyche as HBL Plaza is. Many would remember the building being used for the sighting of the Ramazan and Eid moons. 50 years later, HBL Plaza continues to be an important landmark of Karachi.

Today, HBL Plaza serves as the nerve-centre of HBL’s operations, technology and the digital transformation that the Bank has embarked upon. The building is the backbone of the products, services and controls that HBL provides to its clients.

These past 50 years lifespan of the HBL Plaza building has seen a significant growth in the financial well-being of both the country and the millions of HBL clients. The building has witnessed HBL’s remarkable strides in the financial industry. For perspective, around that period, the Bank’s profit stood at approximately Rs 100 million; today, it has crossed Rs 30 billion. In these intervening years, the Bank’s advances have grown from Rs 4 billion to Rs 1.2 trillion, while its total deposits have risen from Rs 6.8 billion to Rs 3 trillion.

Commenting on the occasion, Muhammad Aurangzeb, President & CEO – HBL said, “HBL’s financial journey wouldn’t have been possible without our clients, stakeholders and employees who have been steadfast in their loyalty to the Bank. Their support has enabled HBL to become one of the leading brands of Pakistan. As HBL looks ahead to its future, to serve the clients through its physical and digital channels, I would like to take this opportunity to express our deep appreciation and gratitude to all our stakeholders, as the Bank continues to serve them in the decades ahead, Inshallah.”

Muhammad Aurangzeb, President & CEO - HBL (Sitting on the left) and Tian Bing, CFO Middle East Region – Huawei (Sitting on the Right) signing the MoU between the two organizations

Karachi, 9 March 2021

HBL and Huawei Pakistan signed a Memorandum of Understanding (MoU) to cement their strategic partnership, through projects focused on financial and technological innovation, enabling HBL to augment its existing processes and systems. Both organizations have already completed milestone projects in 2020, such as the Promissory Note discounting project and the SD-WAN projects.

Muhammad Aurangzeb, President & CEO, Sagheer Mufti, Chief Operating Officer, Aamir Irshad, Head Corporate, Commercial & Investment Banking, Farhan Talib, Regional General Manager, China and Singapore, Dr Aamir Matin, Head Technology, Muhammad Nassir Salim, Head Global Operations and Walid Kouba, Regional General Manager, Gulf represented HBL at the occasion. Tian Bing, CFO Middle East Region, David Shi, President Middle East Enterprise, Mark Meng, CEO Huawei Pakistan, and Shahzad Rasheed, Chief Technical Officer represented Huawei. During the ceremony, an HCIE Certification was also awarded to Mr. Naveed Hussain, who is part of HBL’s network team.

Both organizations agreed to work together to focus on technological innovation in digital banking, mobile payment systems, and the cloud platform.

Muhammad Aurangzeb, President & CEO - HBL commenting on the occasion stated, “We are delighted to enter into a global strategic partnership with Huawei with whom HBL has collaborated on a number of successful projects in the past year. HBL’s relationship with Huawei signals our commitment to becoming a “Technology Company with a Banking License,” allowing us to serve our customers better. It is also an affirmation of our commitment to making China the lynchpin of HBL’s international strategy, as we grow our business and portfolio in that region.”

Adding to his sentiments, CFO Middle East Huawei stated, “Our achievements cannot be realized without the support from HBL, our strategic bank partner.” Further adding, “Since 2019, we have comprehensive business cooperation with HBL on sales financing projects, banking services, while also delivering the SD-WAN project.”

HBL wins “Best Bank in Pakistan 2021” award by Euromoney The Bank also wins ‘Pakistan’s Best Domestic Bank 2021’ award by Asiamoney

Karachi, 15 July 2021

Euromoney awards HBL the accolade of Pakistan’s Best Bank 2021. Earlier this year, the Bank also won Asiamoney award for Best Domestic Bank in Pakistan 2021.

These two awards are the most prestigious awards in the banking industry, globally.

These awards are a recognition of the HBL’s leadership performance and innovative approach in its Consumer banking, Commercial banking and Development Finance business streams, leveraging its digital banking platforms, leading the way in financial inclusion, and the launch of the Beijing branch and capturing opportunities associated with the CPEC initiative.

These are undoubtedly very well-deserved accolades as they come against a backdrop of unprecedented challenging times globally, including Pakistan.

The Euromoney citation for HBL acknowledges “Habib Bank (HBL) is going from strength to strength under Muhammad Aurangzeb (President & CEO). Remarkably, in a year when most banks around the world were trying to stem the losses caused by Covid, HBL doubled its after-tax profits to PKR 30.9 billion ($193.4 million).”

The citation makes specific reference to HBL’s business strength in e-payments, cards, auto and trade businesses.

Remarking on HBL’s rural banking/development finance initiative, the citation reads “Agriculture is a mainstay of HBL’s innovative efforts; the bank aims not only to fund farmers but deploys full-time agronomists to help with improving crop yields.”

Euromoney and Asiamoney are global English-language publications focused on business and finance.

27 July 2021

CDC Group, the UK’s development finance institution and impact investor, has announced a $50 million risk-sharing facility with HBL UK, the majority-owned subsidiary of HBL, Pakistan’s largest private sector bank. The facility will increase HBL UK’s capacity to support trade with local banks and trade supply chains across South Asia and Africa.

As COVID-19 continues to disrupt trade in goods and commodities, CDC and HBL UK’s facility will provide critical credit support to ensure consumers have access to essential goods and services. It will boost the import of food and agricultural commodities, metals, machinery and other essential resources. The risk-sharing facility will increase economic opportunities across a wide socio-economic strata and support businesses despite the impact of COVID-19 on economic activity, particularly in markets where HBL has a strong regional presence such as Pakistan, Bangladesh and Sri Lanka

This latest commitment from CDC builds on an existing partnership with HBL that spans over five years. It is aligned with the common goal of both organisations of extending financial inclusion across South Asia. The facility will also help HBL UK broaden its reach across Africa, allowing it to provide liquidity to local banks and keep economic activities flowing – much needed support at a time when local banks and businesses struggle to access foreign exchange.

Admir Imami, Director, Head of Trade & Supply Chain Finance, CDC, said: “We are thrilled that CDC’s facility to HBL UK will strengthen the bank’s ability to offer necessary support to local financial institutions, banks and business that are sustaining local economies and meeting basic consumer needs. CDC is committed to focusing its capital toward helping to mitigate the impact of the pandemic throughout Asia and Africa’s markets, even as Covid-19 exacerbates existing pressures on trade finance. We are pleased that our partnership with HBL UK will help address the financing gap to local businesses, sustain supply chain and trade flows, and ensure communities and businesses can recover and grow.”

Andreas Ponce de Leon, Chief Executive Officer, HBL UK, added: “We are proud of the partnership between HBL UK and CDC. At HBL, we are centred on our customers’ needs and that means supporting the communities in which we operate and do business. This partnership will help us sustain growth in our core markets. By supporting local banks, we facilitate access to trade finance needed by growing business, and thereby we help boost exports, create new jobs, promote financial inclusion and underpin economic growth.”

​Dr. Azra Fazal Pechuho - Minister of Health & Population Welfare - Sindh, Saeed Ghani - Minister of Information & Labour - Sindh and Muhammad Aurangzeb, President & CEO- HBL inaugurating the HBL Drive-Through Vaccination Facility at the National Stadium, Karachi. Present at the occasion were Dr. Palitha Mahipala–WHO Representative and Head of Mission in Pakistan, senior government officials and executives from the organizations.

​Karachi, August 13, 2021

HBL in collaboration with the Government of Sindh inaugurated a COVID-19 Drive-through Vaccination Facility at the National Stadium Karachi. The facility will be operational from 10 AM to 10 PM daily and citizens will be able to avail this drive-through facility, free of charge. The vaccination is being undertaken by the Aga Khan Health Services (AKHS) team.

Dr. Azra Fazal Pechuho - Minister of Health & Population Welfare, Government of Sindh, was the chief guest at the inauguration. Saeed Ghani – Minister of Information and Labour, Government of Sindh, Dr. Palitha Mahipala – WHO Representative, Head of Mission in Pakistan, and Senior Government representatives from the Ministry of Health as well as the District Management team graced the occasion. Muhammad Aurangzeb, President & CEO – HBL, along with senior executives of the Bank represented HBL at the inauguration.

The facility has been set up to support the Government of Sindh’s ongoing efforts to contain the COVID-19 pandemic and encourage vaccination across the city.

HBL undertook the largest vaccination drive for any corporate entity in the country as part of its #HBLCares initiative. More than 11,000 staff members and their families were vaccinated in Karachi, Lahore, Islamabad, and Multan.

Muhammad Aurangzeb, President & CEO – HBL, commenting on the occasion, said, “HBL is proud to extend its support to the Government of Sindh in accelerating its efforts towards immunization of the people of Karachi. The HBL Drive-Through Vaccination Facility is one of the many initiatives that the Bank has undertaken to combat the COVID-19 crisis in the country. I would urge everyone to get themselves and their loved ones vaccinated.”

17 February 2021

HBL today declared a consolidated profit after tax of Rs. 30.9 billion for the year ended December 31, 2020, double that for the same period last year. The Bank’s earnings per share increased to Rs. 21.06 compared to Rs. 10.45 for 2019. Profit before tax recorded a growth of 84% over 2019 to Rs. 53.0 billion. Along with the results, the Board declared a final Cash Dividend for the year ended December 31, 2020 at Rs. 3/- per share i.e. 30%. This is in addition to the Interim Dividend already paid at Rs. 1.25/- per share i.e. 12.5%.​

HBL grew its domestic deposits by a phenomenal Rs. 400 billion, with market share increasing to over 14%. An increase of over Rs. 100 billion in current and more than over Rs. 200 billion in savings accounts resulted in strong CA and CASA ratios of 35.0% and 86.6% respectively; HBL’s total deposits increased to Rs. 2.8 trillion. Domestic advances crossed a landmark of Rs. 1.0 trillion and the Consumer lending portfolio, in particular, showed an excellent performance, crossing Rs. 75 billion.

Helped by the strong balance sheet growth, HBL’s total revenue set a new record, crossing Rs. 160 billion. The Bank improved its cost to income ratio from 73.5% in 2019 to 58.5% in 2020 and the infection ratio improved to an all-time low of 6.3%. HBL’s CAR, which now stands at 17.2%, is well above regulatory requirements.

Commenting on the Bank’s performance, Muhammad Aurangzeb, President & CEO, HBL said, “The Bank had a stellar year in which all key indicators remained on an upward trajectory, and the domestic franchise delivered record profits. The international business has also shown signs of a turnaround in Q4’20 with revenues trending upward. Moreover, HBL is actively working on financial inclusion initiatives through significant investments in technology and digitalization efforts. During 2020, HBL remained conscious of its responsibility to support its customers and the broader economy, especially during these testing times.”

The Bank’s journey towards becoming a “Technology Company with a Banking License,” has accelerated as it witnessed an increase in its digital transaction volume. There was a 93% increase in HBL Mobile and Internet Banking transactions volume and a 157% uptake in Konnect by HBL, the Bank’s branchless banking platform. Through ‘HBL Pay’ all onboarding and payment solutions for businesses were consolidated under a single platform. Collectively, HBL managed a throughput of Rs. 7 trillion in 2020, a growth of over 34% vs 2019.

Financial inclusion is at the core of HBL’s business philosophy, to work towards reducing poverty and achieve inclusive economic growth. HBL joined forces with Government of Pakistan to enable the delivery of the Ehsaas Emergency Cash Program disbursing approximately Rs. 175 billion to an estimated 12 million families over a period of two months. HBL and Ehsaas also partnered on the Kafaalat program which serves more than three million deserving women across the country.

HBL retained its #1 position in Consumer Finance. The Bank came first in Credit Cards, Debit Cards, Merchant Acquiring, Personal Loans and second in Auto Loans. Personal loans at Rs. 37 billion, delivered a growth of 12% over last year. The primary growth driver for 2020 was auto finance, recording an increase of Rs. 9 billion, 53% over 2019. HBL is the only bank in Pakistan enabling its customers to avail a credit card and personal loan through its app; Rs. 3.2 billion worth of loans were disbursed in 2020 using the Bank’s digital channels.

The Bank provided digital onboarding and servicing through the eBanc Roshan Digital Account (RDA), a special investment account created for expatriates. Since its launch, 12,000 Pakistanis from 104 countries have set up RDA accounts and remitted more than USD 44 million in a short span of three months.

The Bank’s Islamic Banking arm, over 900 branches/windows nationwide, provided Shariah compliant fixed home finance rentals.

HBL maintained its position as the lead private sector financier of the agriculture sector, with a 30% market share. The Bank has introduced technology-based farming techniques for farmers which aim to raise their standard of living and become better integrated with the value chain which provides food security to the country. The Bank’s Development Finance Group (DFG) is using innovative technology to augment Pakistan’s Agriculture value chain bringing together the ‘Farm-to-Fork’ ecosystem.

HBL maintained a strong corporate and investment banking presence in Pakistan. The Bank worked on energy, infrastructure and power projects to promote capital market development, deepen secondary markets and provide advisory services.

The Bank’s Operations launched HBL Fusion, a digital online portal for trade and foreign remittance transactions approval. The portal facilitates customers who require State Bank of Pakistan’s (SBP) approvals for foreign exchange.

HBL led the market in adopting Environmental, Social & Governance (ESG) principles. HBL is the first bank in Pakistan to become a member of the Green Investment Principles for the Belt and Road Initiative.

As the largest executor of CPEC related financing in Pakistan, China remained the lynchpin of HBL’s international strategy. In December 2019, HBL became the first Pakistani bank to be awarded the muchcoveted branch license to offer financial services to clients in Beijing, which is expected to be launched in Q1 2021. The Beijing branch will allow HBL to interact with regulators, major state-owned enterprises (SOEs) and leading financial institutions involved in CPEC and other Belt and Road Initiative (BRI) corridors.

In 2020, HBL won, The Euromoney Award for “Best Bank in Pakistan” & “Best Bank Transformation in Asia.” At the World Finance Digital Banking Awards HBL won, “Best Mobile Banking App”, “Best Digital Consumer Bank” and “Best Use of Social Media.” HBL won the Global Islamic Finance Award for “Best Islamic Bank for Trade Finance.” HBL won “Best Customer Franchise”, “Best Bank for SME” and “Best Investment Banking” by the Pakistan Banking Awards.

Lahore, 3 March 2021

HBL’s Islamic Banking arm and Akhuwat have signed a Memorandum of Understanding (MOU). The MOU was signed in Lahore by Dr. Amjad Saqib, Founder – Akhuwat and Muhammad Afaq Khan, Head – Islamic Banking, HBL.​

Through this MOU, HBL, the largest bank in Pakistan, will come together with Akhuwat to roll out a program that will provide Shariah compliant, Housing Finance Facilities to applicants identified by Akhuwat. Akhuwat will not only recommend the individuals but will also oversee the construction of houses for the selected applicants.

Akhuwat, has a solid track record of work on alleviating poverty and empowering socially and economically marginalized families through interest-free micro-finance and by harnessing entrepreneurial potential, capacity building and social guidance.

HBL is the first bank in Pakistan to have entered into this relationship with Akhuwat, which has a substantially large client base and network to reach out to people across the country. This project will uplift the lives of millions of people in the Pakistan and is in line with the Government of Pakistan’s (GoP) vision of providing affordable housing units to underserved segments of society through Naya Pakistan Housing and Development Authority (NAPHDA). NAPHDA is a special body formed by the GoP and is the biggest government-backed housing program ever attempted. Commenting on this strategic partnership, Muhammad Aurangzeb, President & CEO – HBL stated, “This agreement will help further the Bank’s financial inclusion agenda by helping finance cost effective, sustainable housing units for previously underserved segments of the country. We look forward to working with the professional team at Akhuwat and to play our part in furthering the next phase of Pakistan’s economic development.”

Dr. Amjad Saqib stated, “Akhuwat Islamic Microfinance is happy to work with HBL, the largest bank in Pakistan, for provision of low-cost houses for poor and needy. Through this collaboration, we intend to support the poor to build their own houses, InshaAllah”

Commenting at the signing, Muhammad Afaq Khan, Head, Islamic Banking – HBL, said “Pakistan faces a housing crisis. This agreement will help provide affordable housing solutions to the citizens of Pakistan regardless of income level. HBL’s national presence, largest distribution network, effective Islamic Banking arm and investment in technology and talent, enables the Bank to undertake this task of strategic national importance.”