HBL and Muller & Phipps sign MOU to promote financial inclusion

Karachi, December 5, 2018: Financial Inclusion is at the core of Habib Bank Limited’s (HBL) business focus and HBL continuously strives to develop inclusive products for SMEs.

To facilitate financial inclusion and capacity building, HBL has partnered with Muller & Phipps to offer first of its kind working capital financing solution. Through this initiative, pharmaceutical whole sellers and chemists associated with M&P will be able to avail convenient working capital financing without providing mortgage or fixed assets as security.

This MOU was signed by  Aamir Irshad Head of Branch Banking HBL and Kamran Nishat CEO Muller & Phipps in presence of  Asif Riaz–Head Retail Lending HBL and  Saulat Ali Khan Head of Corporate Banking South HBL.

HBL was the first commercial bank to be established in Pakistan in 1947. Over the years, HBL has grown its branch network and maintained its position as the largest private sector bank with over 1,700 branches and 2,000 ATMs globally and a customer base exceeding ten million relationships. The key areas of operations encompass product offerings and services in Retail and Consumer Banking. HBL also has the largest Corporate Banking portfolio in the country with an active Investment Banking arm.

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