Habib Bank Limited awarded Best Retail Bank in Pakistan at The International Excellence in Retail Financial Services Awards 2020
- HBL’s retail banking business continues to be a growth driver with its strong financial performance in 2019
- Technology remains a key enabler for the bank in serving its retail customers and pushing for financial inclusion in Pakistan
- The bank is working with the Pakistani government to deliver the Ehsaas Emergency Cash programme in response to COVID-19
Singapore, 5 June 2020 — Habib Bank Limited (HBL) received Best Retail Bank in Pakistan award at The Asian Banker International Excellence in Retail Financial Awards 2020.
HBL’s retail banking business continues to be a growth driver with its strong financial performance in 2019
The bank was able to capture market opportunities and increase its retail banking revenue by more than 20% in 2019. Its balance sheet also grew as retail deposits and retail loan portfolio both increased by a double-digit rate. HBL maintained a deposit market share of around 14%, adding nearly one million new customers through its extensive network.
In addition, HBL upheld its leadership in personal loans, which remain the largest component of the bank’s consumer portfolio. Notably, the bank saw a double-digit growth in car financing despite a slum in the automobile market.
Technology remains a key enabler for the bank in serving its retail customers and pushing for financial inclusion in Pakistan
HBL continued to expand more services and products on its d...
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