Bank AL Habib Limited operates as a financial institution in Pakistan, the Middle East, and the Asia Pacific.
The company operates in the banking sector and offers a range of banking services to its customers. Its primary business activities include providing deposit services, loan services, and other financial products. The company offers various types of deposit accounts, such as savings accounts, current accounts, and fixed deposits. Current accounts are primarily used for day-to-day transac...
Bank AL Habib Limited operates as a financial institution in Pakistan, the Middle East, and the Asia Pacific.
The company operates in the banking sector and offers a range of banking services to its customers. Its primary business activities include providing deposit services, loan services, and other financial products. The company offers various types of deposit accounts, such as savings accounts, current accounts, and fixed deposits. Current accounts are primarily used for day-to-day transactions and provide customers with easy access to their funds through checks and debit cards. These accounts are suitable for individuals and businesses that require frequent transactions and need quick access to their funds.
The company also provides loan services, including consumer loans, commercial loans, and mortgage loans. Consumer loans are offered to individuals for personal use, while commercial loans are provided to businesses for their operational needs. Mortgage loans are offered to individuals for purchasing or refinancing residential properties. The company also offers other financial products and services, such as credit cards, trade finance, treasury operations, and remittance services.
Segments
The company operates through Retail Banking, Commercial Banking, Retail Brokerage, and Asset Management segments.
Retail Banking
The Retail Banking segment consists of retail lending, deposits, and banking services to private individuals and small businesses. The retail banking activities include provision of banking and other financial services, such as current and savings accounts, credit cards, consumer banking products etc., to individual customers, small merchants, and small and medium enterprises.
Commercial Banking
The Commercial Banking segment engages in the provision of banking services, including treasury and international trade related activities to large corporate customers, multinational companies, government and semi government departments, and institutions and small and medium enterprises treated as corporate under the Prudential Regulations.
Retail Brokerage
The Retail Brokerage segment includes the business of equity, money market and foreign exchange brokerage, equity research and corporate financial advisory, and consultancy services.
Asset Management
The Asset Management segment includes asset management activities through the subsidiary AL Habib Asset Management Limited.
Regulations
The company adheres to the regulatory framework set by the State Bank of Pakistan, which governs the banking industry in the country. It also complies with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations to prevent financial crimes.
History
Bank AL Habib Limited was founded in 1991. The company was incorporated in 1991.