Habib Bank AG Zurich

Habib Bank AG Zurich
Private
Industry Financial Services
Founded 25 August 1967 (1967-08-25)
Headquarters Weinbergstrasse 59
Zurich, Switzerland
Key people
 Muhammad H. Habib (Chairman)
Mohamed Ali R. Habib
(CEO)
Products Loans, Checking, Savings, Investments, Credit Cards, Debit Cards, Letters of Credit
Number of employees
 5,000+
Website www.habibbank.com

Habib Bank AG Zurich is a Pakistani multinational commercial bank based in Zurich, Switzerland. It has its operations in Switzerland and internationally in Canada, Hong Kong, Kenya, Pakistan, South Africa the United Arab Emirates and the United Kingdom.

Habib Bank AG Zurich also has wholly owned subsidiaries in Canada (Habib Canadian Bank), Hong Kong (Habib Bank Zurich (Hong Kong)), Pakistan (Habib Metropolitan Bank), South Africa (HBZ Bank), and the United Kingdom (Habib Bank Zurich plc).

Overview

The bank is a large financial services provider, with operations spanning four continents. Its operations and subsidiaries in Europe, Asia, Africa and North America provide trade finance, corporate, consumer, private, retail and correspondent banking products.[1] [2]

History

Habib Bank AG Zurich was founded on 25 August 1967[3] by members of the Pakistani House of Habib business family, founders of Pakistan's first commercial bank Habib Bank Limited (HBL).[4] Following the Pakistani government's nationalization of HBL in 1974, Habib Bank AG Zurich was one of the few banking assets still held by the Habib family.[4]

Habib Bank AG Zurich developed hPLUS, one of the world's first Java banking systems, using Java and Sybase ASE. The bank has been named as a finalist for the 21st Century Achievement Award from the Computerworld Honors Program for its use of information technology in the Finance, Insurance & Real Estate category.[5]

See also

References

  1. ↑ Company Profile At Businessweek.com
  2. ↑ Liebling der E-Banker
  3. ↑ "HBZ Switzerland". Habib Bank AG Zurich. Retrieved 14 September 2017.
  4. 1 2 "History". HBZ Bank Ltd. Retrieved 14 September 2017.
  5. ↑ Habib Bank AG Zurich Success Story
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