Habib Bank Limited

Habib Bank Limited
Native name
حبیب بینک
Company typePublic
PSXHBL
IndustryFinancial services
Banking
Islamic Banking
Capital markets
Asset management
Founded25 August 1941 (1941-08-25)[1]
FounderMohammed Ali Habib[2]
Dawood Habib[2]
HeadquartersHabib Bank Plaza, Karachi-75650, Pakistan
Number of locations
1,758[3] (2023)
Key people
ProductsLoans, credit cards, debit cards, savings, consumer banking, business banking, Islamic banking, prestige banking, etc.
RevenueIncrease Rs. 299.58 billion (US$1.0 billion)[3] (2023)
Increase Rs. 113.55 billion (US$390 million)[3] (2023)
Increase Rs. 57.76 billion (US$200 million)[3] (2023)
Total assetsIncrease Rs. 5.53 trillion (US$19 billion)[3] (2023)
Total equityIncrease Rs. 366.02 billion (US$1.3 billion)[3] (2023)
Number of employees
20,301[3] (2023)
ParentAga Khan Fund for Economic Development
SubsidiariesHabib 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%)
Websitehbl.com

Habib Bank Limited (Urdu: حبیب بینک) commonly known as HBL, is a Pakistani commercial bank based at Habib Bank Plaza, Karachi, Pakistan.

Established in 1941 by the Habib Family, HBL is Pakistan's oldest, largest and the first commercial bank. In 1951, it opened its first international branch in Colombo, Sri Lanka. In 1972, the bank moved its headquarters to the Habib Bank Plaza, which became the tallest building in South Asia at the time. The Government nationalised the bank in 1974 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]

  1. ^ "HABIB BANK LIMITED". opencorporates.com. Retrieved 6 September 2018.
  2. ^ a b "About us – House of Habib". www.hoh.net.
  3. ^ a b c d e f g "HBL Annual Report 2023" (PDF). hbl.com. Retrieved 25 March 2024.
  4. ^ "History". www.hbl.com. Retrieved 21 June 2016.
  5. ^ "HBL – Stock quote for Habib Bank Limited – Pakistan Stock Exchange (PSX)". dps.psx.com.pk. Retrieved 22 February 2021.
  6. ^ "Habib Bank on the Forbes Global 2000 List". Forbes. Retrieved 16 February 2017.
  7. ^ "The World's Biggest Public Companies". Forbes. Retrieved 16 February 2017.
  8. ^ "HBL Islamic Banking expands footprint in Pakistan". Profit by Pakistan Today. 16 February 2021. Retrieved 28 March 2021.

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