Bank al Habib - Lecture notes 11 PDF

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Bank al Habib Introduction: Bank Al Habib Limited (‫ )بینک الحبیب لمٹیڈ‬is a Pakistani commercial bank owned by the Dawood Habib family. It is based in Karachi, Pakistan. Bank Al Habib has a branch network of more than 943 plus branches.[3] Bank Al Habib has wholesale branches in Bahrain, Seychelles and Malaysia and offices in UAE, Istanbul, Beijing, and Kenya. As of August 2020, the assets of the bank grew up to Rs. 1.36 Trillion.

Ownership: Bank AL Habib Limited is a group company of Dawood Habib Group that has a long track record of banking. The group was amongst the sponsors and founder members of Habib Bank Limited, which was established in Bombay in 1941. Upon creation of Pakistan, the bank shifted its Head Office to Karachi and played a vital role in meeting the banking and financial needs of the country. Habib Bank was the leading private sector bank in Pakistan, with a large network of branches in the country as well as abroad, when it was nationalized by the Government of Pakistan along with all other private Pakistani banks on January 1, 1974. In 1991, the Government of Pakistan decided to allow the private sector to establish commercial banks in the country. It was under this privatization policy that Dawood Habib Group was granted permission by the Government to set up a new commercial bank in Pakistan. Accordingly, Bank AL Habib Limited was incorporated in October 1991 and commenced operations in January 1992. Although Bank AL Habib started functioning in 1992, it embodies the same high standards of integrity, prudence, and trust which has been the hallmark of the Habib’s banking tradition for over 70 years.

History: Year 1921

Achievement Inception

1941

Legacy

1947

Migration to Pakistan

1947 1973 1991

Growth & Progress

1992

Bank al Habib is born A new Era Begins

Privatization of Banks

1994 2002

Decade of Excellence Technology, International Relation & Alliances Silver Jubilee Global Expansion

20052013 2016 20172018 20192020

Consistent Growth & success

Description Habib & Sons is established as a Merchant Bank in undivided India by Habib Esmail Habib Bank Limited is established in Bombay, India by the sons of Habib Esmail On Quaid-e-Azam’s request, Habib family shifts all its businesses to Pakistan. It becomes the First Bank to finance Pakistan’s debt HBL emerges as a leading private sector bank in Pakistan Under subsequent privatization policy of Govt. of Pakistan, Dawood Habib group is granted permission to setup a private commercial bank Bank al Habib started its operations with shareholder funds of PKR 300 million and 6 branches A new rising era of BAHL began and bank have seen exponential growth BAHL celebrates a decade of excellence BAHL launched internet banking services for its customers. It is recognized Top 200 Best under a Billion companies in Forbes Asia Review. Mastercard announces its alliances with BAHL BAHL celebrates 25 years of excellence Bank Al Habib has wholesale branches in Bahrain, Seychelles and Malaysia and offices in UAE, Istanbul, Beijing, and Kenya. Among the fastest growing bank, today the bank has 945 branches and sub branches in 5 countries

Branches: The bank has a network of 820 branches (inclusive of Islamic, Conventional & Sub-branches) and three offshore banking units in Bahrain, Turkey and EPZ. Pakistan      

Faisalabad: around 4 branches, including an Islamic banking branch Gharo (Thatta): 1 branch Hyderabad: around 4 branches Islamabad: around 4 branches Karachi: around 220 branches, including an international branch and an Islamic banking branch Kunri: one branch

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Lahore: around 31 branches including an Islamic banking branch Mirpur Khas: around 2 branches Naukot: 1 branch Jhuddo: 1 branch Digri: 1 branch Mithi: 1 branch Multan: around 10 branches including an Islamic banking branch Quetta: 1 branch at MA Jinnah Road Sukkur: around 4 branches, including an Islamic banking branch Sargodha: around 3 branches Timergara: around 2 branches skardu baltistan: around 2 branches Gambat: 1 branch Pakpattan: 1 branch Bhakkar: 1 branch...