Bank AL Habib

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Bank AL Habib Limited
Capital markets,
Investment banking
FoundedFebruary 1991; 32 years ago (1991-02)
FounderHamid D. Habib
HeadquartersKarachi, Pakistan
Number of locations
1079[1] (2022)
Key people
ProductsLoans, credit cards, savings, consumer banking
RevenueIncrease Rs. 98.51 billion (US$340 million)[1] (2022)
Increase Rs. 32.88 billion (US$110 million)[1] (2022)
Decrease Rs. 16.57 billion (US$57 million)[1] (2022)
Total assetsIncrease Rs. 2.2 trillion (US$7.6 billion)[1] (2022)
Total equityIncrease Rs. 94.34 billion (US$330 million)[1] (2022)
OwnerDawood Habib Family
Number of employees
19,914[1] (2022)
Bank Al Habib main location in Karachi

Bank Al Habib Limited (بینک الحبیب لمٹیڈ) is a Pakistani commercial bank owned by the Dawood Habib Family and is based in Karachi, Pakistan. It is one of the largest banks in Pakistan.[2]

The bank has a branch network of 1,000+ branches in 400+ cities across Pakistan with six branches in countries across the world.[3]

They also have wholesale branches in Bahrain, Seychelles and Malaysia and offices in UAE, Turkey (Istanbul), China (Beijing), and Kenya.


Habib Group's involvement in banking services dates back to the 1930s. The original Habib Bank began modestly in Bombay in 1941 when it commenced operations with a fixed capital of 25,000 rupees. Impressed by its initial performance, Muhammad Ali Jinnah asked the Habib Bank to move its operations to Karachi after the independence of Pakistan.

After the privatization scheme was announced in 1991 by the Pakistani Government, Habib Group was the first to be granted permission to start a private bank, the Bank AL Habib Limited.

In 2002, HBL has been jointly owned by the government and the Aga Khan Fund for Economic Development. It was nationalized in 1974.

Under the privatization policy of the Government of Pakistan, the Dawood Habib Group was granted permission to set up a commercial bank. Bank AL Habib was incorporated as a Public Limited Company in October 1991 and started banking operations in 1992. (Late) Hamid D. Habib, grandson of the founder a Habib Group, was the first Chairman of Bank AL Habib Limited. He was a Director in Habib Bank Limited from 1954 and its chairman from 1971 until nationalization. After the death of Hamid D. Habib in May 2000, Ali Raza D. Habib, who was Director on the Board, was appointed the Chairman of the Bank.

Rashid D. Habib, who was the managing director of Habib Bank Limited from 1953 till its nationalization, was appointed as the managing director and chief executive of Bank AL Habib Limited until he died in 1994. After his death, Abbas D. Habib who was the joint managing director and closely associated with the bank since its inception in 1991, was appointed as the managing director and Chief Executive of the Bank. On 1 November 2016, he was appointed as chairman.[4]

In 2005, Bank AL Habib began offering internet banking, with accounts and records visible online. In 2006, Bank AL Habib became partners with MasterCard, allowing them to issue credit cards for the first time.

Bank Al Habib has decided to purchase from TPL Properties, Centrepoint, a high-rise building in Karachi.[5]


The bank maintains correspondent relations with American Express Bank, USA; Banco di Roma, Italy; Commerzbank and Dresdner Bank, Germany; The Royal Bank of Canada, Canada; and The Hongkong and Shanghai Banking Corporation, Hong Kong.

The bank follows the internet banking code NetBanking and security is entrusted by Verisign. This was launched with a contract made with TPS Pakistan. The bank supports the MNET Switch as a result of MoU signed between MNET and 1-Link.

Bank AL Habib is one of the eleven partners of 1-Link system, an inter-bank ATM sharing system which allows customers to transact on ATM of any partner bank. Bank AL Habib is the third largest ATM service provider in Pakistan,[citation needed] having 196 ATMs while having the largest number of ATMs in the city of Karachi.

In affiliation with Arab Financial Services, the bank offers two types of MasterCard.

The bank has a major ownership stake in AL Habib Capital Markets (Pvt) Ltd, a brokerage house working under the logo of Bank AL Habib.

Executive leadership[edit]

  • Abbas D. Habib, Chairman
  • Mansoor Ali Khan, CEO
  • Qumail R. Habib, Executive Director

Former Chairmen and Chief Executives of Bank AL Habib Limited include: Hamid D. Habib, Chairman (till 2000), Rashid D. Habib, CEO & Managing Director (till 1994), Abbas D. Habib CEO & Managing Director (till 2016 due to becoming Chairman) and Ali Reza D. Habib, Chairman (till 2016).


The bank was selected as one of the top 200 Best Under A Billion companies by Forbes Asia in their annual review of 2005.

The Asian Banker "Strongest Bank Balance Sheet in Pakistan, 2013".


Bank Al Habib deposits exceeded Rs. 1.5 trillion in 2022.[3]


  1. ^ a b c d e f g "Bank Al Habib Annual Report 2022" (PDF). Retrieved 22 November 2023.
  2. ^ "What pandemic? Bank AL Habib crosses Rs1 trillion in deposits". Profit by Pakistan Today. September 19, 2020.
  3. ^ a b "Bank Al Habib Annual Report 2022" (PDF). Bank Al Habib. 31 December 2022. Retrieved 22 November 2023.
  4. ^ "Board of Directors".
  5. ^ Ali, Meiryum (2020-08-20). "Bank Al Habib to buy high-rise Centrepoint in Karachi". Profit by Pakistan Today. Retrieved 2020-09-26.

External links[edit]