Habib Bank Limited Company Profile and Information

Habib Bank Limited is one of the largest banks in Pakistan, with a rich history dating back to 1947. It was founded by the Aga Khan, a prominent business leader and philanthropist.

Habib Bank Limited has its headquarters in Karachi, Pakistan, and is listed on the Pakistan Stock Exchange.

The bank offers a wide range of financial services, including retail banking, corporate banking, and Islamic banking.

Habib Bank Limited has a significant presence in the global banking market, with operations in several countries, including the United Arab Emirates, the United Kingdom, and the United States.

Habib Bank Limited was founded in 1947 in Karachi, Pakistan, marking the beginning of a legacy that spans over seven decades. The bank was initially established to provide banking services to the people of Pakistan.

The bank's name is derived from the Habib family, who played a significant role in the country's banking history. The Habib family's commitment to banking and finance is still evident in the bank's operations today.

Habib Bank Limited is one of the largest banks in Pakistan, with a strong presence in the country's financial sector. The bank offers a wide range of banking services to its customers, including personal and corporate banking.

The bank's network of branches and ATMs is spread across Pakistan, making it easily accessible to customers. Habib Bank Limited has also expanded its operations to other countries, including the Middle East and Asia.

Habib Bank Limited has faced significant investigations and allegations over the years. In 2017, the bank agreed to pay a fine of $225 million in an out-of-court settlement with the New York State Department of Financial Services (DFS) for 53 separate violations.

The bank's New York branch had been operational since 1978, but it was shut down as part of the settlement. The DFS had initially sought up to $630 million in penalties from HBL for failing to comply with state and federal laws.

Habib Bank Limited has also been accused of aiding and abetting terrorism. In 2022, a New York district court placed secondary liability on the bank for allegedly providing substantial assistance to Al-Qaeda.

In 2017, Habib Bank Limited (HBL) agreed to pay a fine of $225 million to the New York State Department of Financial Services (DFS) for 53 separate violations.

The fine was the largest ever imposed upon a Pakistani financial institution and was a result of alleged compliance issues dating back to 2015.

HBL had already agreed to surrender its licence to operate a branch in New York that had been operational since 1978.

The DFS had initially sought up to $630 million in penalties from HBL for failing to comply with state and federal laws at its only U.S. branch.

Compliance issues at HBL's New York branch included failing to institute reforms to prevent illicit money transfers, as requested by the DFS in 2015.

HBL allegedly cleared transactions to a cybercriminal wanted by the US Federal Bureau of Investigation and a Chinese weapons manufacturer that was subject to US sanctions.

HBL is required to follow US "know your customer" rules and sanctions law due to its operations clearing dollar-denominated transactions.

HBL shares surged 5 percent, to ₨.160.58 per share, amid investor relief that the fine was not larger than $225 million.

HBL was using an outdated Queue Management system from another vendor, which wasn't meeting their needs.

They were in need of a more modern and efficient solution that could be integrated seamlessly with their core banking system.

HBL's old system was no longer effective, prompting the need for a change.

Habib Bank Limited's financial services are designed to meet the diverse needs of its customers.

The bank offers a wide range of financial products and services, including consumer banking, corporate and investment banking, and Islamic banking.

With a strong presence in Pakistan and a growing international network, Habib Bank Limited provides its customers with access to a global market.

Commercial banks are a crucial part of the financial services industry. They play a vital role in facilitating financial transactions, providing loans, and managing investments.

The performance of commercial banks can be measured by their stock prices, which are subject to fluctuations due to various market and economic factors. According to the data, HABIB BANK LIMITED has seen a 46.94% increase in its stock price over the past year.

The stock prices of commercial banks can be volatile, with some experiencing significant gains while others face losses. For instance, ICICI BANK LIMITED has seen a 65.68% increase in its stock price over the past three years.

Here's a snapshot of the top 10 commercial banks in terms of market capitalization:

The weighted average of the commercial banks by market capitalization is -0.36%, indicating a slight decline in their collective stock prices over the past five days.

Habib Bank Limited's sales by activity paint a picture of a bank that's adapting to changing market conditions. Branch banking saw a significant decline in 2020, but bounced back in 2022 with sales of 81.21 billion.

The bank's focus on corporate, commercial, and investment banking has been a major growth driver. Sales in this segment more than tripled from 2020 to 2023, reaching 50.3 billion.

Consumer, SME, and agriculture lending also showed steady growth, with sales increasing from 15.72 billion in 2020 to 32.33 billion in 2023. This suggests that Habib Bank Limited is expanding its reach into the consumer market.

International and correspondent banking saw a significant jump in sales, from 6.83 billion in 2020 to 31.94 billion in 2023. This is likely due to the bank's growing presence in international markets.

Here is a breakdown of the bank's sales by activity for 2023:

Asset management saw a significant increase in sales, from 682 million in 2022 to 1.54 billion in 2023. This suggests that Habib Bank Limited is expanding its asset management services to meet growing demand.

Habib Bank Limited has a strong leadership team in place. The CEO, Rayomond H. Kotwal, has been leading the bank since November 30, 2017, at the age of 62.

The bank's management team also includes Michael Maier, the Chief Tech/Sci/R&D Officer, who has been with the bank since December 31, 2021. Armughan Ahmed Kausar serves as the Compliance Officer, but his age is not publicly disclosed.

The bank's Board of Directors is composed of experienced professionals, including Ali Akbar Allana, who has been the Chairman since December 28, 2009, at the age of 66. Another notable director is Moez Ahamed Jamal, who has been a Director/Board Member since December 31, 2008, at the age of 69.

Here is a list of the current management team:

The Board of Directors also includes several experienced professionals, including:

Rayomond H. Kotwal is the CEO of Habib Bank Limited and has been in the role since November 30, 2017. He is 62 years old.

The Chief Technical/Scientific/R&D Officer at Habib Bank Limited is Michael Maier, who took up the role on December 31, 2021. Unfortunately, his age is not publicly disclosed.

Ali Akbar Allana has been serving as the Chairman of Habib Bank Limited since December 28, 2009. He is 66 years old.

The Directors/Board Members at Habib Bank Limited include Ali Akbar Allana, Moez Ahamed Jamal, Najeeb Samie, Shaffiq Dharamshi, Salim Raza, Mufti Muhammad Zubair Usmani, Khaleel Ahmed, Saba Kamal, and Mufti Ejaz Ahmed Samadani.

Here is a list of the current Directors/Board Members at Habib Bank Limited, along with their titles and the dates they have been serving:

HBL Asset Management got approval from State Bank of Pakistan to inject Rs500mn in its wholly owned subsidiary.

This shows that HBL Asset Management is a significant part of HBL's operations.

HBL Asset Management Limited is a subsidiary of HBL.

Habib Bank Limited's shareholders are listed at HBL Tower, Plot No. G-4, KDA Scheme 5.

The bank's valuation has been fluctuating over the years, with a capitalization of 238B in one instance.

Here are some key valuation metrics for Habib Bank Limited:

When you're looking at a company's shareholders, you want to know who they are and where they're located. Habib Bank Limited's shareholders can be found at HBL Tower on Plot No. G-4, KDA Scheme 5.

As we explore the world of shareholders and valuation, it's essential to understand the various metrics that determine a company's worth. The P/E ratio, for instance, is a crucial indicator of a company's valuation.

The P/E ratio of Habib Bank Limited in 2024 was 4.38x, which gives us an idea of the company's stock price relative to its earnings.

The P/E ratio is a key metric for investors, as it helps them determine whether a company's stock is overvalued or undervalued. A higher P/E ratio often indicates that a company's stock is overvalued, while a lower P/E ratio suggests that it's undervalued.

Here's a breakdown of the P/E ratio for Habib Bank Limited in 2024 and 2025:

A slight increase in the P/E ratio from 2024 to 2025 suggests that investors are expecting the company's earnings to grow in the future.

The free-float market capitalization of Habib Bank Limited is 35.84%, which indicates that a significant portion of the company's shares are held by institutional investors or other large shareholders.

The enterprise value of Habib Bank Limited is substantial, ranging from 238B to 129B across different years. This indicates the company's significant size and market presence.

Habib Bank Limited has a significant international presence, with a history of expansion dating back to the 1950s.

The bank opened its first three branches in Sri Lanka in 1951, marking the beginning of its international expansion. HBL established Habib Bank (Overseas) the following year, further solidifying its presence abroad.

By the 1960s, HBL had established a strong foothold in various countries, including Kenya, where it opened its first branch in 1956. In 1961, HBL opened its first six branches in the UK, expanding its European presence.

Here are some key milestones in HBL's international expansion:

Today, HBL's international presence is a testament to its commitment to growth and expansion, with a network of branches and representative offices across the globe.

Habib Bank Limited has been making headlines in recent years. Habib Bank Limited Reports Earnings Results for the Full Year Ended December 31, 2024.

The bank's CEO, Aurangzeb, resigned from his position, as shown in a letter to the bourse dated March 11, 2024. This change in leadership occurred amidst a period of executive changes, with Habib Bank Limited Announcing Executive Changes on March 10, 2024.

Habib Bank Limited has also been in the news for its financial performance, with reports of earnings results for various quarters, including the Full Year Ended December 31, 2024, the Third Quarter and Nine Months Ended September 30, 2024, the Second Quarter and Six Months Ended June 30, 2024, and the First Quarter Ended March 31, 2024.

Here are some key dates related to Habib Bank Limited's financial reports: