A Review On Bank-Al-Habib Ltd Bank

A Review On Bank-Al-Habib Ltd Bank

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Introduction:

Bank Al Habib Limited is a Pakistani commercial bank owned by the Dawood Habib family. It is based in Karachi, Pakistan. It has a network of 800 Branches all across Pakistan. One more interesting good news that the Bank Al Habib is planning to add 200 more branches by the end of 2020. This bank is founded in 1991 in Karachi. The Owner of this Bank is Dawood Habib family. The Chairperson Abbas Habib.


Products and Features:

In Personal Banking they have:

Current Accounts
Saving Accounts
Term Deposit
Forein Currency Accounts
Home Remittance
Debit Cards
Credit Cards
Individual Financing
Ways To Bank
SMS Alerts
E-Statements Facility Service

In Business Banking they have:

Corporate Banking
SME Banking
Trade Services
Finiancial Institutions
Agriculture Banking
Gurrantees
Cash Management

They have different Ways To Banking:

Internet Banking
Call Center Banking
Mobile Banking
Branch Banking
ATM Baking

They Provide 24/7 Customer Support Service over the calls and emails Overall the banking experience is very good they respect all their customers.

Personal Banking they have:

Current Accounts

Sparing Accounts

Term Deposit

Forein Currency Accounts

Home Remittance

Charge Cards

Mastercards

Singular Financing

Approaches To Bank

SMS Alerts

E-Statements Facility Service

In Business Banking they have:

Corporate Banking

SME Banking

Exchange Services

Finiancial Institutions

Horticulture Banking

Gurrantees

Money Management

They have various Ways To Banking:

Web Banking

Call Center Banking

Portable Banking

Branch Banking

ATM Baking

They Provide day in and day out Customer Support Service over the calls and messages Overall the financial experience is awesome they regard every one of their clients.

Banks can influence the amount of money in circulation which is one of the targets of regulation by the monetary authorities by using various monetary policy tools. The word bank comes from Italian banque or Italian banca which means bench. The Florence bankers of the Renaissance carried out their transactions sitting behind money changers, in contrast to most people's jobs which did not allow them to sit and work.
The activities of collecting and channeling funds are the main activities of the bank while providing other bank services is only a supporting activity. Activities to raise funds, in the form of collecting funds from the public in the form of current accounts, savings and time deposits.

The division of bank classifications according to the status referred to is the ability of banks to serve the public in terms of number of products, capital, and service quality. Bank classification as seen from its status is divided into two, namely foreign exchange banks and non-foreign exchange banks.
A foreign exchange bank itself is a bank that can carry out transactions up to abroad or activities related to foreign currencies. For example, transfers abroad, collection abroad, to travelers checks.
Meanwhile, non-foreign exchange banks are banks that do not have transaction services across countries to a large extent. Even though they have, they are only limited to certain countries.

A review On Bank Al Habib Ltd

BANK-AL-HABIB is one of the best bank in pakistan which provides a lot of facilites and services wiht highly trained staff .


Dawood Habib Group, the sponsor of Bank AL Habib Limited has a long track record in banking that dates back to the 1920s. The Group was among the founder members of Habib Bank Limited and played a major role in meeting the financial and banking needs of Pakistan. It was nationalized along with other Banks in Pakistan on January 1, 1974


Bank AL Habib was incorporated as a Public Limited Company in October 1991 and started banking operations in 1992. The Late Hamid D. Habib, grandson of the founder of Habib Group, was the first Chairman of Bank AL Habib Limited. He was the Director in Habib Bank Limited from 1954 and its Chairman from 1971 until its nationalization.


After the death of Mr. Hamid D. Habib in May 2000, Mr. Ali Raza D. Habib, who was Director on the Board, he was appointed the Chairman of the Bank, a position he continued to hold till October 2016. The Late Rashid D. Habib, who was the Managing Director of Habib Bank Limited from 1953 till it's nationalization, was appointed as the Managing Director & Chief Executive of Bank AL Habib Limited until he passed away in 1994.


In a short span of 28 years, the Bank's assets have grown to more than PKR 1 trillion, with a network of 820 branches and sub-branches, a Wholesale Branch in the Kingdom of Bahrain, Seychelles and Malaysia and Representative Offices in Dubai, Istanbul, Beijing and Kenya.

Habib Bank Limited is a Pakistani multinational bank based in Habib Bank Plaza, Karachi , Pakistan. It is owned by Aga Khan Fund for Economic Development and is the largest bank by assets in Pakistan.
Founded in 1941, HBL became Pakistan's first commercial bank. In 1951 it opened its first international branch in Colombo , Sri Lanka. In
1972 the bank moved its headquarters to the Habib Bank Plaza, which became the tallest building in South Asia at the time. Habib Bank offers the basic range of banking services to its customers, to include commercial, bank in the emerging markets.

Advantages
1. They have a Good customer service
2. They give collect zero interest
3. They are the largest bank in Pakistan

Disadvantage
1. Difficulty in getting access to loans

Bank AL Habib

Bank Al Habib Limited is a Pakistani commercial bank owned by the Dawood Habib family. It is based in Karachi, Pakistan. It has a network of 820 Bank Al Habib is planning to add 200 more branches by the end of 2020.Bank Al Habib has wholesale branches in Bahrain, Seychelles and Malaysia and offices in UAE, Istanbul, Beijing, and Kenya. As of August 2020, the assets of the bank grew up to Rs. 1.36 Trillion

History

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, Quaid-e-Azam Muhammad Ali Jinnah asked the Habib Bank to move its operations to Karachi after the independence of Pakistan.

Services

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.

बैंक अल हबीब लिमिटेड दाऊद हबीब परिवार के स्वामित्व वाला एक पाकिस्तानी वाणिज्यिक बैंक है। यह कराची, पाकिस्तान में स्थित है। बैंक अल हबीब 2020 के अंत तक 200 और शाखाएँ जोड़ने की योजना बना रहा है।

बैंक अल हबीब की बहरीन, सेशेल्स और मलेशिया में थोक शाखाएं हैं और यूएई, इस्तांबुल, बीजिंग और केन्या में कार्यालय हैं। अगस्त 2020 तक, बैंक की संपत्ति रुपये तक बढ़ गई। 1.36 ट्रिलियन।

बैंक अल हबीब ने कराची की एक ऊंची इमारत TPL Properties, Centrepoint से खरीदने का फैसला किया है।

बैंकिंग सेवाओं में हबीब समूह की भागीदारी 1930 के दशक की है। मूल हबीब बैंक बॉम्बे में 1941 में मामूली रूप से शुरू हुआ जब इसने 25,000 रुपये की निश्चित पूंजी के साथ संचालन शुरू किया। अपने प्रारंभिक प्रदर्शन से प्रभावित होकर, मुहम्मद अली जिन्ना ने हबीब बैंक को पाकिस्तान की स्वतंत्रता के बाद कराची में अपने संचालन को स्थानांतरित करने के लिए कहा।

पाकिस्तानी सरकार द्वारा 1991 में घोषित निजीकरण योजना के बाद, हबीब समूह को पहली बार एक निजी बैंक, बैंक एएल हबीब लिमिटेड शुरू करने की अनुमति दी गई थी।

2002 में, HBL को संयुक्त रूप से सरकार और आर्थिक विकास के लिए आगा खान फंड का स्वामित्व मिला है। 1974 में इसका राष्ट्रीयकरण हुआ।

पाकिस्तान सरकार की निजीकरण नीति के तहत, दाऊद हबीब समूह को एक वाणिज्यिक बैंक स्थापित करने की अनुमति दी गई थी। बैंक एएल हबीब को अक्टूबर 1991 में पब्लिक लिमिटेड कंपनी के रूप में शामिल किया गया था और 1992 में बैंकिंग परिचालन शुरू किया था। (स्वर्गीय) हबीब ग्रुप के संस्थापक के पोते हामिद डी। हबीब, बैंक एएल हबीब लिमिटेड के पहले अध्यक्ष थे। वह 1954 से हबीब बैंक लिमिटेड में निदेशक थे और 1971 से राष्ट्रीयकरण तक इसके अध्यक्ष रहे। मई 2000 में हामिद डी। हबीब की मृत्यु के बाद, बोर्ड में निदेशक रहे अली रज़ा डी। हबीब को बैंक का अध्यक्ष नियुक्त किया गया।

रशीद डी। हबीब, जो 1953 से राष्ट्रीयकरण तक हबीब बैंक लिमिटेड के प्रबंध निदेशक थे, को बैंक एएल हबीब लिमिटेड के प्रबंध निदेशक और मुख्य कार्यकारी के रूप में नियुक्त किया गया था जब तक कि उनकी मृत्यु 1994 में नहीं हो गई। उनकी मृत्यु के बाद, अब्बास डी। हबीब जो थे 1991 के बाद से संयुक्त प्रबंध निदेशक और बैंक के साथ निकटता से, बैंक के प्रबंध निदेशक और मुख्य कार्यकारी के रूप में नियुक्त किया गया था। 2016 में, उन्हें अध्यक्ष के रूप में नियुक्त किया गया था।

2005 में, बैंक एएल हबीब ने ऑनलाइन और दृश्यमान खातों के साथ इंटरनेट बैंकिंग की पेशकश शुरू की। 2006 में, बैंक एएल हबीब मास्टरकार्ड के साथ भागीदार बन गए, जिससे उन्हें पहली बार क्रेडिट कार्ड जारी करने की अनुमति मिली।

A Review On Bank-Al-Habib Ltd Bank
Bank-Al-Habib Ltd Bank pakistan ka ak bahtareen bank ha.jo ala tarbayat yafta amlay ka zariya bohat sari sahulat or khidmat mahiya karta ha.is bank ko 1 jaun 1974 ko pakistan ma dagar banko ka sat mil kar is ko komi shakal di gai.Bank al habib ko oct 1991 ma pablik limited company ka toor par shamal kiya gy or is na 1992 ma bankari sagarmiyan shuru ki.