Habib Bank
| Habib Bank
|
|
|---|---|
 |
|
| legal form | Limited Company (Ltd.) |
| ISIN | PK0085101019 |
| founding | 1941 |
| Seat | Sultan Ali Allana |
| Branch | Bank |
| Website | www.hbl.com |
HBL ( Urdu حبيب بينك) also as Habib Bank Ltd. Pakistan is headquartered in the Habib Bank Plaza office tower in Karachi , Pakistan . It is the largest bank in the country and has over 1,450 branches nationwide and an additional 55 branches worldwide. Their domestic market share is over 40% and is thus by far the market leader among commercial banks . She makes more than half of domestic transfers and more than 55 percent of foreign transfers. Habib Bank offers loans to small and medium-sized businesses and farms as well as basic monetary operations for industry , commerce and agriculture .
history
Habib Bank was initiated in 1941 by Pakistan's founding father Muhammad Ali Jinnah in Bombay . He was able to win the influential Habib family to get involved in the industry, which hoped that the All-India Muslim League would give them a better political influence for the Muslims in the country. After the British occupation had withdrawn, the bank processed aid to compensate the victims.
When Pakistan was founded in 1947, the company's headquarters were relocated to Karachi, becoming Pakistan's first banking house. The first foreign branches were founded in Sri Lanka in 1951, the first branches to Europe were opened in Great Britain in 1961, and 10 years later to New York . There has also been a branch in China since 2009 , after a framework agreement had previously been concluded with Urumqi Commercial Bank .
The bank came under international criticism in 2004 because it was accused of indirectly supporting terrorism through illegal cash payments .
In September 2017, the New York Department of Financial Services fined Habib Bank $ 225 million for continued money laundering and terrorist financing.
Individual evidence
- ↑ a b Habib Bank Ltd., History ( Memento of the original from December 15, 2007 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Daily Times Pakistan ( Memento of April 24, 2009 in the Internet Archive )
- ^ Newsweek
- ↑ press release
