Added at 12:21 Feb 06, 2017 Ad Code: VAH-0048
History of Bank
Habib Esmail, founder of Habib Group, started his career in Bombay in 1891 at the age of 13 on a salary of Rs. 5 per month in a firm that dealt in copper and brass utensils. He worked day and night, arriving before the shop opened, staying till late in the night, and then walking home to save money on conveyance. No wonder that in the short span of five years, at the age of 18, he was made a partner in the firm. Even at that young age, he had established an excellent reputation for honesty, hard work, fair play, trustworthiness, humility. These values continue to guide the activities of Habib Group to this day.
During the next 17 years, he captured over 60 percent of the local utensils business and diversified into export of copper, cotton scrap iron and manganese ore, selling to East Africa, Italy, France and Great Britain. Being a person of great insight, he sent his representatives to Europe in 1912 and established branch offices in Genoa and Vienna. Simultaneously, he initiated business relationships with Japan and China.
His reputation for honesty and fair play was so well known that his customers and local merchants would leave their surplus funds with him for safe-keeping and investment, thus establishing the foundation of the family's banking business. In 1921, he started Habib & Sons. The firm traded in cotton, oil seeds, and bullion and acted as a merchant bank. It eventually became the flagship of the family and the parent company of Habib Bank Limited.
Dawood Habib Group
DAWOOD HABIB GROUP, the sponsor of Bank AL Habib Limited, has a long track record in Banking which dates back to the 1920's. The Bank was among the founder members of Habib Bank Limited which played a major role in meeting the financial and banking needs of Pakistan, and which was nationalized along with other Banks in Pakistan on January 1, 1974.
Under the subsequent privatization policy of Government of Pakistan, DAWOOD HABIB GROUP was granted permission to set up a commercial bank. Bank AL Habib was incorporated as a Public Limited Company in October 1991 and started banking operations in 1992.
Vision and Mission
TO BE OUR CUSTOMERS' MOST CONVENIENT AND TRUSTED BANK
TO MAKE BANKING SAFE, SIMPLE, AND PLEASANT
“Top 25 Companies Award” for the year 2015 by the Pakistan Stock Exchange Limited. Criteria for the award include dividend payout, capital efficiency, profitability, free-float of shares, transparency & investor relation and compliance with listing of companies & securities regulations. Alhamdolillah, this is the fifth time that the Bank has received this award.
“The Strongest Bank Balance Sheet in Pakistan, 2013” by The Asian Banker. This certification is based on the strength, liquidity and sustainability of the balance sheet in a challenging market place.
“Bank of the Year (Mid Size Banks) 2012” by CFA Society Pakistan. This is the fourth consecutive year that your Bank has received this award, having received it earlier for the years 2009, 2010, and 2011.
“Award of Recognition, 2010” from International Finance Corporation (IFC) as the Most Active GTFP (Global Trade Finance Program) Issuing Bank in Middle East & North Africa for “South-South” Trade. This is the second consecutive year that the Bank received an award from IFC in recognition of participation in GTFP.