HabibMetro

Habib Metropolitan Bank, (حبیب میٹروپولیٹن بینک) commonly known as HabibMetro, is a Pakistani subsidiary of Swiss bank Habib Bank AG Zurich. It is based in Karachi, Pakistan. It has a branch network of 400.

For other places with similar names, see Habib Bank (disambiguation).
Habib Metropolitan Bank
TypeSubsidiary
PSX: HMB
IndustryConventional Banking
Islamic Banking
Founded1992 (1992)
FounderMohammedali Habib[1]
HeadquartersKarachi, Pakistan
Key people
Mohsin Nathani (CEO)
ProductsLoans
Savings
Consumer Banking
Total assets ₨377.4 billion (2014)[2]
OwnerMohamedali Habib family
ParentHabib Bank AG Zurich
Websitewww.habibmetro.com

History

The bank was founded in 1992 as Metropolitan Bank and subsequently started its operations.[3]

Habib Bank AG Zurich was founded by the Mohammed ali Habib family as government started privatization of banking sector in Pakistan.

In 2006, Habib Bank AG Zurich's Pakistan operations were merged into Metropolitan Bank Limited and subsequently renamed as Habib Metropolitan Bank Limited.[3]

In 2015, HabibMetro won Asian Development Bank (ADB) award.[4]

The parent bank, Habib Bank AG Zurich has operations in Hong Kong, Singapore, United Arab Emirates, Kenya, South Africa, United Kingdom and Canada.[5]

FinCEN

HabibMetro was named in FinCEN leak, published by Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ). It had two suspicious transactions flagged.[6]

Awards

HabibMetro was awarded Best Islamic Banking Brand at Global Islamic Finance Awards (GIFA) 2020.[7]

References
  1. Tirmizi, Farooq (January 13, 2020). "Habib Metropolitan: the proudly old-fashioned bank".
  2. Mehdi, Ali Raza (September 22, 2014). "Habib Metropolitan's higher profit". DAWN.COM.
  3. "Habib Metropolitan Bank". September 25, 2013.
  4. Reporter, The Newspaper's (April 24, 2015). "Pakistani bank among winners of ADB award". DAWN.COM.
  5. "Habib Metropolitan Bank Limited: Private Company Information - Bloomberg". www.bloomberg.com.
  6. Report, Monitoring (2020-09-21). "Six Pakistani banks named in FinCEN leak". Profit by Pakistan Today. Retrieved 2020-09-23.
  7. Correspondent, Our Equities (2020-09-18). "DGKC bleeds Rs2.1bn". DAWN.COM. Retrieved 2020-09-25.


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