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Native name | حبیب بینک |
---|---|
Company type | Public |
PSX: HBL KSE 100 component KSE 30 component | |
Industry | Banking |
Founded | 25 August 1941[1] |
Founder | Mohammed Ali Habib[2] Dawood Habib[2] |
Headquarters | Habib Bank Plaza, Karachi-75650, Pakistan |
Number of locations | 1,758[3] (2023) |
Key people |
|
Products | Loans, credit cards, debit cards, savings, consumer banking, business banking, Islamic banking, prestige banking, etc. |
Revenue | Rs. 299.58 billion (US$1.0 billion) (2023) |
Rs. 126.816 billion (US$440 million) (2023) | |
Rs. 57.67 billion (US$200 million) (2023) | |
Total assets | Rs. 5.53 trillion (US$19 billion) (2023) |
Total equity | Rs. 363.214 billion (US$1.3 billion) (2023) |
Number of employees | 20,301 (2023) |
Parent | Aga Khan Fund for Economic Development |
Subsidiaries | Habib Allied Holding Limited HBL Bank UK Limited HBL Currency Exchange Limited HBL Asset Management Limited HBL Zarai Services Limited Habib Bank Financial Services Limited HBL Microfinance Bank (79.92%) |
Website | hbl |
Footnotes / references Financials as of 31 December 2023[update] [3] |
Habib Bank Limited (Urdu pronunciation: [ha.ˈbiːb bɛŋk] hah-BEEB-BANK) is a Pakistani commercial bank based at Habib Bank Plaza, Karachi. It is a subsidiary of Swiss-based organisation Aga Khan Fund for Economic Development.
Established in 1941 by the Habib Family, it is one of the oldest bank of Pakistan. In 1972, the bank moved its headquarters to the Habib Bank Plaza, which became the tallest building in South Asia at the time. It was nationalised in 1974 by the government of Pakistan and privatised it in 2004; at that time, the Aga Khan Fund for Economic Development acquired a controlling share and management control.[4]
HBL significant shareholding lies with the Aga Khan Fund for Economic Development (AKFED) which is based in Geneva, Switzerland.[5]
HBL is the largest domestic multinational company in Pakistan in terms of assets, and has repeatedly ranked as the top Pakistani company in the Forbes Global 2000.[6][7] It is also Pakistan's largest private sector bank, with over 1,700 branches and more than 2,000 ATMs. All HBL ATMs are linked to Visa and Mastercard, China UnionPay, and to the domestic 1LINK, MNET, and PayPak switches. IBFT (Interbank Funds Transfer) facility and utility bill payment capability are also provided at HBL ATMs. HBL branches also exchange foreign currency, initiate SWIFT and FEDWIRE transfers, and facilitate RAAST real-time money transfer transactions.[8]