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Bank Al Habib Limited (Urdu pronunciation: [bɛŋk al ha.ˈbiːb] bank-al-hah-BEEB) is a Pakistani commercial bank based in Karachi. It is one of the largest banks in Pakistan with branches across the country. [2] It also operates wholesale branches in Bahrain and Malaysia and offices in UAE, Turkey , China , and Kenya.
Citi Bank N.A (CitiBank N.A Pakistan) Industrial and Commercial Bank of China Limited (ICBC Pakistan) Bank of China [3] (Bank of China Pakistan Branch) The Hong Kong and Shanghai Bank (HSBC Bank Pakistan) The Bank of Tokyo-Mitsubishi UFJ (MUFG Bank Pakistan) Saudi National Bank (Samba Financial Group|Samba Bank (Pakistan) Limited)
The other branch of Habib family founded Bank AL Habib, which is owned by the descendants of Habib's elder son, Dawood Habib. [3] The bank was listed on the Karachi Stock Exchange in the same year. [5] Kassim Parekh, who had served as the president of Habib Bank from 1984 to 1988, was appointed as chairman and CEO of Metropolitan Bank in 1992. [3]
It is one of the largest private banks in Pakistan with a network of more than 890 branches in more than 200 cities across Pakistan with an international presence in Bangladesh, Afghanistan, Bahrain and UAE of 12 branches. [3] The Bank is listed on the Pakistan Stock Exchange.
On the 26th of September 2005, Dubai Bank joined the sponsors and became one of the founding shareholders of BankIslami by investing 18.75% in the total capital. The bank started its operations on 7 April 2006 and began offering shariah-compliant retail banking, investment banking, consumer banking, and trade finance products.
In 2006, Arif Habib Securities Limited acquired the Pakistani operations of Rupali Bank Limited, under the Scheme of Amalgamation by the State Bank of Pakistan. [5] The resulting bank was named Arif Habib Rupali Bank, and it began operations on August 5, 2006. [6] [7] In 2008, then known as Arif Habib Bank was listed on the Karachi Stock ...
1967 Hyder Mohamedali Habib founded Habib Bank AG Zurich Zurich. After Pakistan nationalised Habib Bank Ltd in 1974, this became the main branch of the family-held Habib Bank. [20] 1969, HBL opened the first of three branches and an OBU (Offshore Banking Unit) in Bahrain. However, the then-South Yemeni government nationalised the HBL branch in ...
The Bank added 200 branches in 2011 and 2012, thus increasing its domestic network to over 1,300 online branches [15] with 800 ATMs. In June 2012, UBL led a consortium which acquired a 67.4% stake in Khushhali Bank, which is the largest micro-finance institution in Pakistan.