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Presently, Habib Bank Limited (HBL) had proclaimed its contract with Barclays Bank PLC to acquire Barclays banking business in Pakistan. This acquisition was accepted through the State Bank of Pakistan (SBP) and from June 15, 2015 the country business of Barclays Bank PLC has been amalgamated with and into Habib Bank. HBL now has worldwide footprints in 29 states counting China. Habib Bank works intimately with institutions such as …
Read More »HBL-NBP ready to finance Rs84 billion for Sheikhupura power plant
The first-ever biggest financing of local banks in the history of Pakistan Presidents of Habib Bank Limited (HBL) and National Bank of Pakistan (NBP) in a meeting with Chief Minister Punjab Muhammad Shahbaz Sharif presented an offer to countersign the project financing amounting to Rs84 billion to set up 1,200 megawatts LNG-based power plant at Bhikki Sheikhupura, which would be the first of its kind project and the biggest …
Read More »HBL opens first branch in western China
Posts strong financial results for first quarter of 2016 Habib Bank Limited (HBL) has recently achieved a landmark in the banking history by becoming the first Pakistani bank to receive a license for opening a branch in Urumqi in Western China. The Bank expects that the branch will be operational by the end of the year and will further cement links with China. With ample liquidity and a sound …
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