Habib Bank Limited (HBL)

History of Habib  Bank Limited

Habib Bank Limited is launched in Pakistan in 1947. His main office moved to Karachi . Our first international branch was set up in Colombo, Sri Lanka in 1951 and Habib Bank Plaza was built in 1972 to remembered the bank’s 25th Anniversary.Habib-Bank-Limited

Over market share is 40%, HBL was nationalized in 1974. International operations is expanded to include the USA, Singapore, Oman, Belgium, Seychelles and Maldives, and the Netherlands.

On December 29, 2003, GOVT. of Pakistan is announced that the banks are privates, The Government of Pakistan privatized HBL in 2004 through AKFED acquired 51% of Banking Pk’s shareholding and the management control.

And the Aga Khan Fund for Economic Development (AKFED) rights to 51% of the shareholding in HBL. Against an investment of PKR 22.409 billion (USD 389 million).

 The management control was to AKFED On February 26, 2004. The Board of Directors was remade to have four AKFED nominees, including the Chairman and the President/CEO and three Government of Pakistan candidate.

About Habib Bank Limited (HBL): 

HBL was the first commercial bank to be set up in Pakistan in 1947. Some years later  HBL has grown its branch network. It is maintained its position as the largest private sector bank.  It have 1,600 branches and 1,700 ATMs .

The Government of Pakistan privatized HBL in 2004. Privatized through AKFED acquired 51% of Banking Pk’s shareholding and management control. The remaining 41.5% shareholding by the Government of Pakistan was removed in April 2015.

HBL has global 29 countries branches. Banking Pk is expanding in international markets including the UK, UAE, South and Central Asia, Africa, and the Far East.

What is HBL iBank?

Internet Banking is one of the fastest banking and most convenient ways to access your HBL Bank accounts, you easily view account balances, transfer funds, and pay your bills online. You can perform banking transactions online easily.

Whenever you want without going to any branch, from any computer having Internet access. It is safe, and easy to get the account. You have a computer and having internet so you easily handle it and check your balance and pay your bills online.

chairman prisedent & CEO

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Tassadaq Ali Editor at Bankingpk
I am Tassadaq Ali: A Seasoned banking specialist skilled in all banking Blogging and information. Always elevating bankingpk.com with expertise in business and finance insights. Explore now for top-notch advice on rest days.

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