HBL wins Best Emerging Market Banks award 2010
Apr 15, 2010
Global Finance presented HBL with the Best Emerging Market Banks 2010 award. This award was conferred on HBL in recognition of its superior performance, enhanced profitability, expanding asset base and innovative products and services.
Global Finance states that the criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.
The report covers best banks in Asia, the Middle East and Africa, Latin America, and Central and Eastern Europe. The publisher of Global Finance, Joseph Giarraputo says, "More than ever, customers are demanding superior competence from their banking partners. These are the banks best providing that competence."
For more information please visit http://www.gfmag.com/
HBL provides WPS compliant processing service
Mar 25, 2010
HBL has introduced HBL BasicBankingAccount which assists companies to be compliant with local regulations issued by the ministry of Labour and the central bank of UAE.
The Ministry of Labour, in co-operation with the Central Bank of UAE has taken initiative to ensure that companies in all seven emirates should pay their workers through banks by the end of May. This enables the ministry to automatically check if a company is defaulting on salaries or making illegal deduction from salaries.
HBL's BasicBankingAccount Payroll Solution assists companies by streamlining their entire payroll electronically which makes it cost effective. HBL also offers free corporate accounts to employers with additional benefits and privileged rates.
HBL announces Results for 2009
Feb 19, 2010
The HBL Board met on February 19, 2010 at Karachi and announced its results for the year 2009. Deposit growth for the year has been 14.3% and the net asset growth of the bank has been 27.2% over 2008. HBL's consolidated Pre-tax profit for 2009 is Rs. 21.4 billion and the profit after tax is Rs. 13.4 billion, which translates into an earning per share of Rs. 14.70.
The Bank announced a final cash dividend of Rs. 6.00 per share (60%) and bonus shares of 10%.
HBL receives 3 Global Finance Awards
Oct 06, 2009
Istanbul: On the occasion of the World Bank Annual Meetings 2009 currently underway in Istanbul, Global Finance presented banking awards to the top global banks at a ceremony attended by senior bank officials. HBL was presented with 3 awards: Best Bank - Pakistan, Best Trade Finance Provider - Pakistan and Best Foreign Exchange Provider - Pakistan. These awards were conferred on HBL in recognition of its achievements in product delivery and service quality in the markets it serves.
The awards were received by Mr. Sultan Ali Allana (Chairman - HBL), Mr. Nauman Dar (Head International Banking - HBL) and Mr. Tariq Mateen (Head - Financial Institutions - HBL). At this occasion Mr. Allana said, "We are extremely proud of the awards that the bank has received today. These awards recognize our superior market positioning and are a reflection of the bank's management's endeavors to achieve and excel in areas of product delivery and customer services. HBL will continue to focus on its core businesses and invest in Technology and Human Resources with the aim to further strengthen its leadership position".
Global Finance this year has identified the best banks in 123 countries as well as the best banks globally in 11 key banking categories. The criteria used for selecting this year's winners, considered both objective and subjective factors. Objective criteria included growth in assets, profitability, geographic reach, strategic relationships, new business development and product innovation. Subjective criteria included the opinions of equity and credit-rating analysts, banking consultants and others in the industry, as well as corporate financial executives. Global Finance states that "winners are not always the biggest banks but, rather, the best banks - those with the qualities that corporations should look for when choosing a bank".
HBL - 'The Best Emerging Market Bank in Pakistan'
May 13, 2009
HBL has been selected as 'The Best Emerging Market Bank in Pakistan' by Global Finance Magazine.
Global Finance magazine has named the "Best Emerging Market Banks in Asia" in an exclusive survey to be published in the May 2009 issue. Global Finance editors-with input from industry analysts, corporate executives and banking consultants-selected the best emerging market bank in the region and in 20 countries. Global Finance reports on the international finance sector, covering topics such as corporate finance, joint ventures and M&A, country profiles, capital markets, investor relations, currencies, banking, risk management, custody, direct investment, and money management. The magazine also holds several awards ceremonies throughout the year to recognize the winning financial institutions and companies.