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