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HBL Microfinance Bank Ltd (HBL MfB) is a Pakistani microfinance bank headquartered in Islamabad. [2] [3] HBL MfB operates over 200 locations all over Pakistan.It is one of the oldest microfinance bank in the country [4] with its roots in the credit and saving section of the Agha Khan Rural Support Program (AKRSP).
Habib Bank Limited (often abbreviated as HBL) is a Pakistani bank headquartered at Habib Bank Plaza, Karachi with regional offices in Lahore and Islamabad. It is a subsidiary of Swiss-based organisation Aga Khan Fund for Economic Development (AKFED). Established in 1941 by the Habib Family, it the oldest bank in Pakistan post-independence.
The bank was listed on the Karachi Stock Exchange in the same year. [5] Kassim Parekh, who had served as the president of Habib Bank from 1984 to 1988, was appointed as chairman and CEO of Metropolitan Bank in 1992. [3] During his tenure, the bank's growth was limited to Karachi and trade finance. [3] In 2006, Habib Bank AG Zurich's Pakistan ...
Citi Bank N.A (CitiBank N.A Pakistan) Industrial and Commercial Bank of China Limited (ICBC Pakistan) Bank of China [3] (Bank of China Pakistan Branch) The Hong Kong and Shanghai Bank (HSBC Bank Pakistan) The Bank of Tokyo-Mitsubishi UFJ (MUFG Bank Pakistan) Saudi National Bank (Samba Financial Group|Samba Bank (Pakistan) Limited)
Grameen Bank founder Muhammad Yunus will lead an interim government in Bangladesh after protests ousted Prime Minister Sheikh Hasina. A Nobel laureate and microfinance pioneer steps in to lead ...
Soon after, Jubilee Insurance Group joined the agency's banks in East Africa. In India, the agency became an important shareholder for the Development Credit Bank Ltd. In 2004, AKFED acquired holdings in Pakistan's largest private-sector financial institution, HBL.
As a pioneer in the field of microfinance, Mr. Sultan Ali Allana played a key role in drafting the Microfinance Institutions Ordinance of 2001 [7] and established the First Micro-Finance Bank Limited with the sponsorship of Aga Khan Fund for Economic Development (AKFED), where he served as a chairman, championing financial inclusion and poverty ...
In 1921, his four sons joined the business, and Habib & Sons was established, which eventually transformed into today's HBL Pakistan or Habib Bank Limited. [1] [6] The House of Habib occupies a significant place in Pakistan's early history. Habib Bank was relocated to Pakistan at the personal request of its first Governor General Mohammad Ali ...