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HABIB METROPOLITAN BANK

HABIB METROPOLITAN BANK

In Pakistan, Habib Metropolitan bank integrated its operations under the name of Metropolitan Bank Limited as a Public limited company in 1992. In October 1992, the bank was issued a license through which it commenced its planned commercial operations. The bank established itself as a source of trade finance service from October 1992 to September 1992 and mean while launched its online network of 51 branches. Metropolitan Bank Limited was merged with Habib Bank AG Zurich Pakistan on 26th October 2006 and these merged units were later named as Habib Metropolitan Bank Limited (HMB). Habib Bank Zurich is the share holder of Habib Metropolitan Bank.

 

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Through their progressive attempts they established its operations in all major cities of Pakistan. HMB preliminary meeting point is Retail banking and Trade finance. The bank makes possible attempts to provide their clients superior solutions for E-banking and Consumer banking. The bank also provides Shariah complaint products in Islamic Banking to their consumers. The bank is internationally ranked at 687 among all other banks.

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HBZ’s head quarter is in Switzerland, with having franchises in UAE, South Africa, Hong Kong, Kenya, North America and United Kingdom.  Habib Metropolitan Bank deals with a vast variety of services and products to accommodate their clients which includes Metro Mahana Certificate, Super current account, Car Finance, Personal Loan, Tele-info service, Traveler cheques, Saving accounts, Term deposits, Safe deposit lockers, Metro Izafa certificate,  Cash management services, Electronic funds transfer, Current account, Debit card, Metro basic account and Islamic Banking.

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Bank also facilitate its consumer with products and services that are Shariah complaint as in Islamic Banking they offer Current account, Islamic leasing, saving accounts and Interest free fixed deposits. In Pakistan, HMB have launched more than 153 branches which are in the major cities of the country as they have branches in Islamabad, Gujranwala, Multan, Lahore, Faisalabad, Peshawar, Rawalpindi, Hyderabad, Quetta, Kasur, Sialkot and Rahim Yar Khan. PACRA which is the credit rating Agency of Pakistan has assigned AA+ and A1+to HMB for the 12th consecutive years. Mr. Kasim Parekh is the chairman of the bank where as Mr. Sirajuddin Aziz is the president and CEO. More over the bank offers PLS saving Account which is free life Insurance; the account opens from minimum balance of 1000 and the bank issues profit monthly from the minimum balance in the account. Due to its significant offers the client suggests going to HMB the most.

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