HBL’s balance sheet has grown by 13% over December 2015 to reach Rs 2.5 trillion.
Overall, the Bank added Rs 250 billion in deposits, while maintaining its CASA ratio.
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HBL was also the first Pakistani bank to offer CNY accounts to its customers in Pakistan.
HBL offers a comprehensive product range covering corporate and individual customers, including financing, trade based facilities, guarantees, remittances, loans, debit and credit cards and much more.
Habib Bank Limited (HBL), the largest bank in Pakistan, is pleased to announce that its Board has approved the appointment of Mr.
Muhammad Aurangzeb as the President and CEO of HBL subject to approval of the Fit and Proper Test (FPT) by the State Bank of Pakistan.
With excellent performance from treasury related activities, non-markup income increased by 26% to Rs 8.3 billion.
Fees and Commissions for the quarter grew by 9% to Rs 4.8 billion with continued strong performances by the Bancassurance, asset management and consumer finance businesses.He has since held senior level regional and global positions in ABN AMRO Amsterdam, RBS Singapore and, since 2011, with JP Morgan. We are honored to be playing a leading role in supporting the China Pakistan Economic Corridor, opening new avenues of business, trade and investment between the two countries.”Last year, HBL had become the first Pakistani bank to open a branch in China.The branch was inaugurated by the Ambassador of China to Pakistan, Mr. Zhang Baozhong, Chairman China Overseas Port Holding Company Ltd. That branch was opened in Urumqi - a city with enormous potential.HBL’s balance sheet has grown by 2% over December 2016 to reach Rs 2.6 trillion.Despite a decline in the market, the Bank’s deposits continued to grow, with market share rising to 14.2% and total deposits crossing Rs 1.9 trillion.HBL has submitted the requisite application to the State Bank of Pakistan in this regard. Aurangzeb is a respected and seasoned banker with more than 30 years of diverse experience with leading global banks in Pakistan and overseas.