Habib Bank
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Habib Bank AG Zurich was established in 1967 with an initial capital infusion of SFR2 million. The bank had only one branch, which was in Zurich. Today Habib Bank operates in Switzerland, the United Kingdom, the United Arab Emirates, Pakistan and Kenya, providing a wide range of services in:[br]
· Trade finance
· Retail banking
· Corporate banking
· Private banking
Habib Bank AG was owned by the same Habib family that owned Habib Bank Limited (HBL), Pakistan till its nationalization in 1974.
Habib Bank also owns subsidiaries in the Isle of Man Habib European Bank, South Africa, and Canada. The bank has an international network of over 35 branches. It is the 362nd largest bank in Europe.
In the UAE, the bank has branches in Deira, Par Dubai, Sikkat AI Khail, Jebel Ali, Sheikh Hamdan and Abu Dhabi and a branch in Sharjah. In Sri Lanka, the bank has branches in Main Street, Fort, Wellawatta, Colpetty and a Foreign Currency Banking Unit in Colombo.
The bank has six branches in Pakistan including three in Karachi and one each at Lahore, Faisalabad and Rawalpindi. The first branch was opened in Karachi in July 1989.
Habib Bank: Products
Deposit Products: You can open a current account in the bank using any major currency in cash or check. The types of deposit accounts available are:
· Current account
· Time deposit account
· Call deposit account
Private Banking: The private banking department at all locations will give you the opportunity to invest in global equities and fixed income instruments. The private banking team is supported by the skills and resources of world-leading investment and research providers, selected for their expertise in specific market sectors or regions.
Lending Products: The lending products division at Habib Bank offers you the chance to secure trade finance to expand your business interests. The bank offers you the following facilities:[br]
· Overdraft
· Trust Receipt
· Commercial Loan
· Export Bills Discounting
· Letters Of Credit
· Personal Loans
Other services: Habib Bank’s additional suite of products and services include:
· Remittance / Transfer of funds
· Traveler’s checks
· Cash cards
Habib Bank also provides e-banking facilities through its range of services like:
· HBZweb banking
· HBZwap banking
· HBZgsm banking
On the banking technology front, Habib Bank AG Zurich (HBZ) developed hPLUS, one of the world’s first Java banking systems, using Java and Sybase ASE.
