Habib Bank Ltd.
Habib Bank Limited is a Pakistani owned private, commercial bank operating in Bangladesh. It was established in 1947 as a commercial bank. It has flourished with 1450 branches all over its country. Now HBL has started to expand beyond the borders. In Bangladesh it started to function in 1976. Till now it has 5 branches in Bangladesh. It provides all types of banking service people expect from a commercial bank.
Products and Service
The services provided by Habib Bank may be divided into two major groups. These are:
- Individual Banking
- Business Banking
Individual clients get the normal deposit account services. Further to that you may have some special accounts like Term account and Foreign currency account. Bancassurance is a special product designed by it in collaboration with New Jubilee Life Insurance Company Ltd. These programs includes Retirement Plan (Amaan) and Child Education and Marriage Plan (Tabeer). The loan schemes extended to individual customers by Habib Bank are:
- Car Loan
- Home Loan
- Credit Card
Other products of the bank for retail clients are:
- Debit Card
- Phone Banking
- Fast Transfer
Business customers are provided with services under the following broad categories by Habib Bank:
- Corporate Banking
- Commercial Banking
- Investment Banking
- Islamic Banking
- Cash Management
- Zarai Banking
- Global Treasury
- Asset Management
Corporate Banking - The organizations having an annual turnover of PKR 300 million (minimum) are treated as corporate clients and Habib Bank’s well trained Relationship Managers are ready to fulfill their all banking needs. The following services are available for corporate clients:
- Working Capital Finance
- Pre and Post Shipment Export Finance
- Import Finance
- LMM Funding
- Receivable Discounting
- Islamic Banking
- Cash Management
- All types of Trade Services
Habib Bank is ready to deliver you tailored services to match your particular needs at a minimum price. So you may have a visit to your nearest HBL branch.
Commercial Banking – HBL has developed teams to serve medium scale business people having a minimum turnover of PKR 50 million. These clients are termed as Commercial. HBL offers banking products of categories as depicted below:
- Working Capital
- Procurement of Inventory
- Procurement of Machinery
- Expansion of production facilities
- Import of raw material
Habib Bank has established its business units at industrial belts of Pakistan to make its service easily available at next door.
Investment Banking – Investment Banking people of HBL serve in three specific lines. These are Project Finance, Debt Capital Markets & Syndications and Equity Capital Markets & Advisory.
Islamic Banking – Islamic banking branches of HBL provide Shariah compliant products for the clients. A competent Shariah Advisor examines all Islamic banking products before presenting them to customers and certifies for compliance. Corporate and commercial clients may have Islamic banking service to fulfill their business requirements.
Cash Management – Habib Bank is ready to take the responsibility of your company’s cash management. You may pay your employees and transfer funds as and when required through the bank. Its service would be accurate, hassle free and at the same time economic.
Zarai Banking – This program is designed to support small farmers and other rural people in economic activities with fund. The bank provides credit for Fish, Poultry and Live stock cultivation. Farmers may have loans for agricultural inputs, machinery and vehicles.
Global Treasury – HBL’s Global Treasury service includes Risk Management, Money Market and Forex products for its clients. The bank presents risk management services at competitive price. It functions in money market judiciously to maximize your benefits and to secure your deposits. HBL deals with all your foreign exchange banking needs skillfully. It may be in remittance service, in foreign trade or others.
Asset management – You may join a pension fund of HBL to have a regular income after retirement. You have to deposit PKR 500 or its multiple regularly and after maturity you’ll be entitled to get the pension every month. You can get a handsome amount (50% of total deposit) at a time if you like.