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 490+.

For other places with similar names, see Habib Bank (disambiguation).
Habib Metropolitan Bank
TypeSubsidiary
PSX: HMB
IndustryConventional Banking
Islamic Banking
FoundedOctober 1992 (1992-10)
HeadquartersKarachi, Pakistan
Key people
Mohamedali Habib
ProductsLoans
Debit Cards
Credit Cards
Savings
Consumer Banking
Business Banking
Islamic Banking
RevenueIncrease Rs. 21.98 billion (US$76 million) (2021)[1]
Increase Rs. 13.86 billion (US$48 million) (2021)[2]
Total assetsIncrease Rs. 123.5 billion (US$430 million) (2021) (2021)[1]
OwnerMohammed Ali Habib of the House of Habib
Number of employees
5,670 (2021)[3]
ParentHabib Bank AG Zurich
Websitewww.habibmetro.com
HABIBMETRO Bank in Karachi

History

The bank was founded in October 1992 as Metropolitan Bank and subsequently started its operations.[4]

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

In 2006, Habib Bank AG Zurich's Pakistan operations were merged into Metropolitan Bank Limited and subsequently renamed Habib Metropolitan Bank Limited.[4]

In 2015, HABIBMETRO won Asian Development Bank (ADB) award.[5]

The parent bank, Habib Bank AG Zurich has operations in Hong Kong, Singapore, United Arab Emirates, Kenya, South Africa, United Kingdom and Canada.[6]

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.[7]

Awards

HABIBMETRO was awarded Best Islamic Banking Brand at the GIFA in 2020.[8]

References
  1. "HabibMetro Annual Report 2021". wsj.com. Retrieved 21 March 2022.
  2. "Habib Metro's profit reaches Rs13.86bn in CY21". 23 February 2022.
  3. Habib Metropolitan Bank
  4. "Habib Metropolitan Bank". September 25, 2013.
  5. Reporter, The Newspaper's (April 24, 2015). "Pakistani bank among winners of ADB award". DAWN.COM.
  6. "Habib Metropolitan Bank Limited: Private Company Information - Bloomberg". www.bloomberg.com. 11 July 2023.
  7. Report, Monitoring (2020-09-21). "Six Pakistani banks named in FinCEN leak". Profit by Pakistan Today. Retrieved 2020-09-23.
  8. Correspondent, Our Equities (2020-09-18). "DGKC bleeds Rs2.1bn". DAWN.COM. Retrieved 2020-09-25.


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