name see habib bank . hbl type plc traded as kse hbl industry financial services banking capital markets founded bombay now mumbai india in 1941 1941 headquarters habib bank plaza karachi pakistan key people nauman dar president & ceo products loans credit cards savings consumer banking etc. revenue 114.75 billion us 1.1 billion 2015 1 net income 35.1 billion us 340 million 2015 1 total assets 2.20 trillion us 22 billion 2015 1 number of employees 14 000 website habib bank limited www.hbl.com habib bank emblem logo hbl urdu formerly habib bank limited now referred to as hbl pakistan is a karachi based multinational bank . it is the largest bank in pakistan . founded in 1941 hbl became pakistan s first commercial bank in 1951 it opened its first international branch opened in colombo sri lanka . in 1972 the bank moved its headquarters to the habib bank plaza which became the tallest building in south asia at the time . the bank was nationalised in 1974 and privatized in 2003 when aga khan fund for economic development acquired a controlling share . 2 as of 2016 the bank has presence in over 25 countries spanning across four continents including 1500 branches in pakistan and 55 branches worldwide . 3 it has operations in hong kong kenya nepal . 4 5 contents 1 services 2 history 3 see also 4 references 5 external links services edit habib bank headquarters in karachi habib bank offers the basic range of banking services to its customers to include commercial bank in the emerging markets . history edit the branches of habib bank in pakistan mohammed ali jinnah pakistan s founding father realized the importance of financial intermediation while he was campaigning for the creation of a separate homeland for the muslims of india . he persuaded the habib family to establish a commercial bank that could serve the indian muslim community . his initiative resulted in the creation of habib bank in 1941 with ho in bombay now mumbai and fixed capital of 25 000 rupees . the bank played an important role in mobilizing funds from the muslim community to finance the all india muslim league s campaign for the establishment of pakistan . habib bank also played an important role in channeling relief funds to muslims hurt in the communal riots and violence that preceded the departure of the british from india . after the formation of pakistan in 1947 habib bank moved its headquarters to karachi pakistan s first capital at the urging of governor general jinnah . this gave karachi its first commercial bank of the newly formed pakistan . the habib family would own and manage the bank until the pakistan government nationalized it on 1 january 1974 . in the 1950s the hbl started its international expansion . in 1951 it opened the first of what would become three branches in sri lanka . the next year hbl established habib bank overseas . then in 1956 hbl opened the first of five branches in kenya . 1957 or 1958 hbl opened a branch in aden . 1961 hbl opened the first of what would become 6 branches in the uk . 1964 hbl opened the first of 4 branches in mauritius and a branch in beirut . 1966 hbl opened the first of 8 branches in the uae . 1967 hyder mohamedali habib founded habib bank ag zurich zurich . after the pakistan nationalised habib bank ltd in 1974 this became the main branch of the family held habib bank . 6 1969 hbl opened the first of 3 branches and an obu in bahrain . however hbl s branch in aden was nationalized . 1971 hbl opened an obu in singapore and a branch in new york city . 1972 hbl opened the first of 11 branches in oman . hbl constructed habib bank plaza in karachi to commemorate the bank s 25th anniversary . 1974 the government of pakistan nationalized hbl and hbl merged with habib bank overseas . habib family any of its undertakings and or its affiliates had no stake in hbl after its nationalization . 7 1975 hbl opened a branch in belgium . hbl also merged with standard bank a pakistani bank . 1976 hbl opened a branch in the seychelles the first of two branches in bangladesh and a branch in the maldives . 1979 hbl opened a branch in the netherlands . 1980 hbl opened a branch in paris and another in hong kong . 1981 hbl established nigeria habib bank with 40 % ownership . hbl also opened a representative office in teheran . 1982 hbl opened a branch in khartoum . 1983 hbl opened branch in the karachi epz and a branch in istanbul . 1987 hbl opened in australia . 1991 the habib group established a separate private bank the bank al habib after private banking was re established in pakistan . hbl opened a branch in the fiji islands and took over the branches in paksistan of failed bank bcci . 1992 in nepal hbl acquired 20 % of himalayan bank . 1995 hbl established a representative office in cairo . 1990s hbl established habib finance australia and habib finance international limited hong kong . map depicting worldwide operations of hbl pakistan . highlighted countries have branches subsidiaries and or representative offices of the bank . pakistan is highlighted in dark green for reference . on 13 june 2002 pakistan s privatization commission announced that the government of pakistan would grant the aga khan fund for economic development akfed a subsidiary of the aga khan development network majority ownership of hbl against an akfed s investment in the bank . 8 during 2002 hbl s uk operation came close to being shut down due to regulatory issues with the financial services authority . the issue was resolved by converting the operations to a subsidiary . then habib bank limited and allied bank of pakistan merged their operations habib contributed its 6 branches and allied its 4 into a new bank called habib allied international bank in which habib bank has a 90.5 % shareholding while allied bank has 9.5 % . simultaneously with the transfer of business to the new bank both allied and habib bank closed down all independent operations in the uk . in 2003 hbl received permission to open a branch in afghanistan . on 29 december 2003 government of pakistan granted akfed rights to 51 % of the shareholding in the bank against an investment of pkr 22.409 billion usd 389 million . 9 the next year on 26 february the government of pakistan handed over management control of habib bank to akfed . the board of directors was reconstituted to have four akfed nominees including the chairman and the president ceo and three government of pakistan nominees . 10 the bank s owners now comprise the aga khan fund for economic development 51 % government of pakistan 42.5 % and the general public 7.5 % . on april 18 2016 hbl received licence to operate a subsidiary in r mqi xinjiang becoming the first pakistani bank to operate in china . 11 see also edit economy of pakistan habib bank plaza list of banks in pakistan references edit a b c hbl annual report 2015 pdf . hbl.com . retrieved 10 april 2016 . history . www.hbl.com . retrieved 2016 06 21 . about us . www.hbl.com . retrieved 2016 06 21 . corporate information . www.hbl.com . retrieved 2016 06 21 . china eases rules for pakistan s banks the express tribune . the express tribune . 2016 06 21 . retrieved 2016 06 21 . obituary notice in neue z rcher zeitung 108 2011 . habib bank ltd. v. habib bank a.g. zurich 1980 82 habib bank ltd. v. habib bank a.g. zurich passing off risk of confusion use of family name banks incorporated by well known banking family banks in pakistan and switzerland closely associated with substantial business nationalisation of banks in pakistan whether swiss bank passing off in carrying on independent trading whether good will and reputation exclusive whether nationalised banks claim barred by acquiescence laches and estoppel summary of project information habib bank ltd . summary of project information habib bank ltd international finance corporation . 1 december 2006 . retrieved 5 december 2007 . history hbl retrieved 27 december 2011 history . hbl . 5 december 2007 . retrieved 5 december 2007 . hbl to open branch in china the express tribune . the express tribune . retrieved 2016 04 18 . external links edit habib bank hblibank habib bank s internet banking website hbl got bank of the year award 2009 habib bank ltd. v. habib bank a.g. zurich 1980 82 v t e banking in pakistan central bank state bank of pakistan big four hbl pakistan mcb bank limited national bank of pakistan united bank limited pakistan commercial banking allied bank limited askari bank atlas bank bank al habib bank alfalah bank of khyber bank of punjab faysal bank first women bank habib metropolitan bank industrial development bank js bank nib bank sindh bank soneri bank summit bank zarai taraqiati bank limited microfinance banking finca microfinance bank limited first microfinance bank pakistan khushhali bank nrsp microfinance bank tameer microfinance bank limited islamic banking bankislami pakistan burj bank dubai islamic bank pakistan limited meezan bank foreign banks barclays hsbc bank middle east royal bank of scotland standard chartered pakistan defunct banks bank of credit and commerce international kasb bank mybank picic commercial bank union bank see also list of banks in pakistan pakistan remittance initiative pakistani bankers institute of bankers pakistan national institute of banking and finance category v t e kse 30 companies of pakistan adamjee insurance arif habib corporation limited askari bank attock petroleum attock refinery bank al falah bank al habib d.g. khan cement engro corporation engro foods fatima fertilizer fauji fertilizer bin qasim fauji fertilizer company limited hbl pakistan hub power company ici pakistan js group kot addu power company lucky cement mcb bank limited millat tractors national bank of pakistan national refinery nishat mills oil and gas development company pakistan oilfields pakistan petroleum pakistan state oil pakistan telecommunication company ltd trg pakistan united bank limited pakistan as of july 2013 retrieved from https en.wikipedia.org 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