For the original bank with a similar name, see: HBL Pakistan
| Type | Public KSE: BAHL LSE: BAHLTFC |
|---|---|
| Industry | Banking, Capital Markets, Investment Banking |
| Founded | Karachi, 1991 |
| Headquarters | Karachi, Pakistan |
| Products | Loans, credit cards, Savings, Consumer Banking etc. |
| Revenue | PKR 4,351.4 million (2009)[1] |
| Net income | PKR 2,908 million (2009)[1] |
| Employees | 4,678[1] |
| Website | www.bankalhabib.com |
The Bank AL Habib Limited, run by the Dawood Habib family group of companies, is one of the growing banks in Pakistan. It was selected as one of the top 200 Best Under A Billion companies by Forbes Asia in their annual review of 2005. The bank's head office is located in the city of Multan in Punjab, but its principal office is located in Karachi. Presently, the bank has a network of 305 branches, 278 full branches and 25 sub branches in all the major cities of Pakistan. Habib Group were pioneers in introducing banking to Pakistan. Their involvement in banking services dates back to 1930s. They successfully launched HBL Pakistan, which was nationalized in 1971 and is still one of the largest banks in Pakistan; since 2002 it has been jointly owned by the government and with the Aga Khan Fund for Economic Development. After the privatization scheme announced in 1991 by the Pakistani Government, Habib Group were the first to be granted permission to start a private bank, the Bank AL Habib Limited.
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The original Habib Bank began modestly in Bombay in 1941 when it commenced operations with a fixed capital of 25,000 rupees. Impressed by its initial performance, Qaid-e-Azam Mohammed Ali Jinnah asked the Habib Bank to move its operations to Karachi after the independence of Pakistan. Habib Bank Limited established itself in the Karachi in 1943 and became a symbol of pride and progress for the people of Pakistan. It was nationalized in 1974.
During October 1991, this company, Bank AL Habib was incorporated as a public limited company and began banking operations as a new private bank in 1992; it was granted membership to be part of the Clearing House. In 2005, Bank AL Habib began offering internet banking so accounts and records could be viewed online. In 2006, Bank AL Habib became partners with MasterCard allowing them to issue credit cards for the first time. VFGG
Bank maintains correspondent relations with the following international banks: American Express Bank, USA; Banco Di Roma, Italy; Commerzbank and Dresdner Bank, Germany; The Royal Bank of Canada, Canada; Hong Kong and Shanghai Banking Corporation Ltd., Hong Kong. The bank follows the internet banking code NetBanking and security is entrusted by VeriSign. This was launched with a contract made with TPS Pakistan. The bank supports the MNET Switch as a result of MoU signed between MNET and 1-Link.
Bank AL Habib is one of the eleven partners of 1-Link system, an inter-bank ATM sharing system which allows customers to transact on ATM of any partner bank. Bank AL Habib is the third largest ATM service provider in Pakistan, having 188 ATMs while having the largest number of ATMs in the city Karachi.
Bank AL Habib Limited in affiliation with the Arab Financial Services offers two types of Master Cards.
Bank AL Habib has also established a name in the financial stock industry. AL Habib Capital Markets; one of the leading brokerage houses working under the logo of Bank AL Habib. BAHL holds a major stake in the AL Habib Capital Markets (Pvt) Ltd, rest by friends and family members.
Ex-chairmen of the Bank AL Habib include:
The bank has a network of two hundred and sixty three branches.
Bank AL Habib has sponsored a number of important events.
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