Jun 22

HBL ordered to compensate bank fraud victim

ISLAMABAD: President of Pakistan, Dr. Arif Ali Alvi, on Wednesday ordered Habib Bank Limited (HBL) to immediate compensate a victim of bank fraud. President Dr Arif Alvi reprimanded HBL for unnecessarily dragging the matter of reimbursement of a trivial amount of Rs. 39,000 to the victim of bank fraud. READ MORE: SBP takes measures for […]

by Mrs. Anjum Shahnawaz

Habib Bank posts Rs35.51 billion annual profit

Feb 25

Corporate, Money & Banking

Habib Bank posts Rs35.51 billion annual profit

Habib Bank Limited (HBL) held its conference call on Friday to discuss financial performance and provide its future outlook onwards. HBL posted a profit after tax of Rs 35.51 billion (EPS: Rs 23.9) in 2021 as opposed to Rs 30.91 billion (EPS: Rs 21.1) in the same period last year, up by 15 per centYoY. […]

by Faisal Shahnawaz

Habib Bank, Meezan Bank directed to pay fraud victims

Nov 30

Money & Banking, National, Top stories

Habib Bank, Meezan Bank directed to pay fraud victims

ISLAMABAD: The President of Pakistan, Dr. Arif Alvi has directed Habib Bank Limited and Meezan Bank to pay victims of bank fraud. The President rejected the representation of the banks and upheld the decision of Banking Mohtasib (Ombudsman). President Dr Arif Alvi has provided relief to 6 different victims of bank fraud by upholding the […]

by Mrs. Anjum Shahnawaz

Habib Bank declares Rs26.44 billion 9-month profit

Oct 15

Corporate, Money & Banking

Habib Bank declares Rs26.44 billion 9-month profit

KARACHI: Habib Bank Limited (HBL) on Friday announced Rs26.44 billion as profit after tax for nine month period ended September 30, 2021. The profit after tax of the bank was Rs24.98 billion in the same period of the last year. The earning per share of the bank was at Rs18.03 for the nine months period […]

by Mrs. Anjum Shahnawaz

SBP imposes Rs96 million as monetary penalties on top banks

Apr 23

Money & Banking

SBP imposes Rs96 million as monetary penalties on top banks

KARACHI: The State Bank of Pakistan (SBP) has imposed around Rs96 million as monetary penalties on top banks for violating regulatory instructions, including instructions related to anti-money laundering (AML) and combating financing of terrorism (CFT), a notification said on Friday. The SBP imposed these penalties during quarter ended March 31, 2021 on Habib Bank Limited, […]

by Mrs. Anjum Shahnawaz

Habib Bank pays penalty of Rs42.2 million to SBP

Apr 21

Money & Banking

Habib Bank pays penalty of Rs42.2 million to SBP

KARACHI: Habib Bank Limited (HBL) has paid monetary penalty of Rs42.2 million to State Bank of Pakistan (SBP) for violation of various regulatory provisions. According to HBL it paid Rs42.2 million during first quarter (January – March) of 2021 against penalties imposed by the SBP. The bank had paid around Rs231.6 million as monetary penalties […]

by Mrs. Anjum Shahnawaz

HBL declares 108 percent growth in quarterly profit

Apr 20

Corporate, Money & Banking

HBL declares 108 percent growth in quarterly profit

KARACHI: Habib Bank Limited (HBL) on Tuesday announced 108 percent increase in profit for the quarter ended March 31, 2021. The profit after tax of the bank increased to Rs8.56 billion during the first quarter (January – March) 2021 from Rs4.11 billion in the same quarter of the last year. Analysts at Insight Research said […]

by Mrs. Anjum Shahnawaz

HBL to acquire consumer portfolio of SilkBank

Apr 8

Money & Banking

HBL to acquire consumer portfolio of SilkBank

KARACHI: Habib Bank Limited (HBL) has shown interest to acquire consumer portfolio of SilkBank Limited, according to a statement issued on Thursday. An information shared by the SilkBank to the Pakistan Stock Exchange (PSX) revealed that HBL had requested SilkBank Limited to provide its concurrence to HBL to apply to State Bank of Pakistan (SBP) […]

by Mrs. Anjum Shahnawaz

HBL approves Rs4bn investment in First MicroFinanceBank

Mar 29

Money & Banking

HBL approves Rs4bn investment in First MicroFinanceBank

KARACHI: The Habib Bank Limited (HBL) to invest Rs4 billion in the First MicroFinanceBank Ltd. (FMFB) over the next three years, according to a statement issued on Monday. The board of directors (BOD) of HBL approved at the Annual General Meeting (AGM) authorized investment in the FMFB of up to Rs4 billion over the next […]

by Mrs. Anjum Shahnawaz

Habib Bank pays Rs320.79 million as penalties

Mar 5

Money & Banking

Habib Bank pays Rs320.79 million as penalties

KARACHI: Habib Bank Limited (HBL) has paid an amount of Rs320.79 million as penalty for various regulatory violations during the year ended December 31, 2020. According to financial results released by the bank for the year ended December 31, 2020, the bank paid the amount of Rs320.79 million as penalties for violation of various regulations. […]

by Mrs. Anjum Shahnawaz