Bank AL Habib awarded Leading Trade Partner 2017 by Asian Development Bank
By God's grace, ever since the incorporation of Habib Bank in 1941 the name Habib has been associated with banking in Pakistan and throughout the world. After the formation of Pakistan in 1947, Habib Bank moved its headquarters to Karachi, Pakistan's first capital. This gave Karachi its first commercial bank of the newly formed Pakistan. Today the group manages banking in Pakistan, Europe, Africa and the Middle East with its unrelenting focus on customer trust and service.
Bank AL Habib
Habib Bank Limited was established in Bombay in 1941 by the sons of Habib Esmail. The bank had over 30 branches operating in India at the time of partition. Quaid-e-Azam Mohammad Ali Jinnah reposed confidence in the bank by opening his personal account. On the creation of Pakistan in 1947, and following the advice of the Quaid-e-Azam, Habib Family shifted all of its businesses including Habib Bank to Pakistan. The bank played a vital role in meeting the financial and banking needs of Pakistan. It continued to record tremendous growth and progress, it emerged as the leading private-sector commercial bank in Pakistan when it was taken over by the Government of Pakistan along with all other Pakistani banks on January 1, 1974.
In 1991, the government again decided to allow the private sector to establish commercial banks in the country. Dawood Habib Group was amongst the first to be granted permission to set up a new bank under this policy. Bank AL Habib Limited was incorporated in October 1991 by the grandsons of Habib Esmail and started operations in January 1992. Although Bank AL Habib commenced operations in 1992, it embodies the same high standards of integrity, prudence, and trust which have characterized Habib Family's banking operations in Pakistan and abroad for about 70 years. The bank is particularly conscious of the trust reposed in it by the depositors, and its prime duty is to protect and honour this trust all times. Guided by the values taught and practiced by Habib Esmail more than a century ago, the bank has continued to grow and progress in all areas of its operations. In a short span of 25 years, the Bank's assets have grown to more than Rs, 750 Billion, with a network of 637 branches and sub-branches, a Wholesale Branch in the Kingdom of Bahrain, Seychelles and Malaysia and Representative Offices in Dubai, Istanbul and Beijing, China.