§ Karachi, February 22, 2021: The Bank’s management is embarking on a profit retention/capital conservation strategy, in order to finance several growth projects, which are expected to contribute to profitability over the next 3-5 years. Hence, we believe current level dividend payout is likely to remain unchanged despite earnings growth. § The Bank is also slightly capital…
Karachi, February 15, 2021: Habib Bank Limited (HBL), Pakistan’s largest commercial bank has entered into a Memorandum of Understanding (MoU) with Punjab Skill Development Fund (PSDF), the largest skills development fund in Pakistan. The MoU was signed by Aamir Kureshi – Head Consumer, Rural & SME Banking, HBL and Jawad Zahoor Khan, CEO, PSDF. Present…
Karachi, February 10, 2021: Pakistan’s leading e-ticketing platform with over 4.6 million customers in the transportation and entertainment industries, Bookme.pk has been appointed ticketing partners for the HBL Pakistan Super League 6 which commences at the National Stadium Karachi from Saturday, 20 February. Bookme.pk is completely cashless and is already integrated with major payment platforms in…
Karachi, October 16, 2020: HBL declared a consolidated profit after tax of Rs. 25.3 billion for 9M’20, an almost threefold growth over the same period last year. Profit before tax for the first nine months of 2020 more than doubled, to Rs. 42.9 billion. The Bank’s earnings per share increased to Rs. 17.17 compared to…
KARACHI, July 27, 2020: Under the State Bank of Pakistan (SBP) Rozgar Refinance Scheme, financing of Rs125.9 billion has been approved by banks for 2068 businesses covering wages and salaries of over 1.2 million employees up till 10th July 2020. Soon after the introduction of the Scheme, a large number of applications to avail financing…