January 18, 2017 1:32 AM ET

Banks

Company Overview of Bank AL Habib Limited

Company Overview

Bank AL Habib Limited, together with its subsidiaries, provides banking services in Pakistan, the Middle East, the Asia Pacific, and Africa. It operates through Retail Banking, Commercial Banking, and Retail Brokerage segments. The company offers personal banking products, such as current, savings, and currency accounts; housing, personal, car, and youth business loans; credit cards; and home remittances and ATM cards, as well as e-banking services, including Visa debit and ATM cards, Internet and mobile banking, call center, electronic fund transfer, direct debit, utility bills payment, e-statement, and SMS alert services. It also provides corporate banking services that comprise working ca...

Mackinnons Building

2nd Floor

I.I. Chundrigar Road

Karachi,  

Pakistan

Founded in 1991

7,232 Employees

Phone:

92 21 3241 2421

Fax:

92 21 3241 9752

Key Executives for Bank AL Habib Limited

Bank AL Habib Limited does not have any Key Executives recorded.

Bank AL Habib Limited Key Developments

Bank AL Habib Limited, Special/Extraordinary Shareholders Meeting, Dec 27, 2016

Bank AL Habib Limited, Special/Extraordinary Shareholders Meeting, Dec 27, 2016, at 10:30 Pakistan Standard Time. Location: 126-C, Old Bahawalpur Road Multan Pakistan Agenda: To amend the articles of association of the bank in order to enable the e-voting mechanism as prescribed in the companies (E-voting) regulations, 2016 issued by the Securities and Exchange Commission of Pakistan; to consider the remuneration payable to chairman of the board; to consider the increase in remuneration payable to the executive director of the bank; and to consider any other business of the bank with the permission of the chair.

Bank AL Habib Limited Announces Executive Changes

Bank AL Habib Limited announced that the board of directors of the bank in its meeting held on October 20, 2016 has elected Mr. Abbas D. Habib as chairman of the board, with effect from November 1, 2016, in place of Mr. Ali Raza D. Habib who will continue to be member of the board of directors.

Bank AL Habib Limited Announces Unaudited Unconsolidated and Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Bank AL Habib Limited announced unaudited unconsolidated and consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the unconsolidated company reported net interest income was PKR 5,905,515,000 against PKR 6,292,471,000 a year ago. Net interest income after provisions was PKR 5,962,886,000 against PKR 6,064,463,000 a year ago. Profit before taxation was PKR 2,546,810,000 against PKR 3,027,808,000 a year ago. Profit after taxation was PKR 1,640,474,000 against PKR 1,946,490,000 a year ago. Basic and diluted earnings per share were PKR 1.48 against PKR 1.75 a year ago. For the nine months, the unconsolidated company reported net interest income was PKR 18,663,945,000 against PKR 18,280,071,000 a year ago. Net interest income after provisions was PKR 19,446,164,000 against PKR 16,920,740,000 a year ago. Profit before taxation was PKR 9,386,334,000 against PKR 9,053,153,000 a year ago. Profit after taxation was PKR 5,426,908,000 against PKR 5,302,075,000 a year ago. Basic and diluted earnings per share were PKR 4.88 against PKR 4.77 a year ago. For the quarter, the consolidated company reported net interest income was PKR 5,909,691,000 against PKR 6,297,134,000 a year ago. Net interest income after provisions was PKR 5,967,062,000 against PKR 6,069,126,000 a year ago. Profit before taxation was PKR 2,565,636,000 against PKR 3,051,601,000 a year ago. Profit attributable to shareholders of the company was PKR 1,659,554,000 against PKR 1,968,922,000 a year ago. Basic and diluted earnings per share were PKR 1.49 against PKR 1.77 a year ago. For the nine months, the consolidated company reported net interest income was PKR 18,676,382,000 against PKR 18,293,417,000 a year ago. Net interest income after provisions was PKR 19,458,601,000 against PKR 16,934,086,000 a year ago. Profit before taxation was PKR 9,400,756,000 against PKR 8,985,217,000 a year ago. Profit attributable to shareholders of the company was PKR 5,438,225,000 against PKR 5,227,485,000 a year ago. Basic and diluted earnings per share were PKR 1.49 against PKR 1.77 a year ago.

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