Habib Metropolitan Bank, () commonly known as HABIBMETRO, is a Pakistani subsidiary of Swiss bank

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

. It is based in

Karachi Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former cap ...

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...

. It has a branch network of 490+.

History

The bank was founded in October 1992 as Metropolitan Bank and subsequently started its operations.

was founded by Mohammed Ali Habib of the

House of Habib The House of Habib () is a Pakistani conglomerate company based in Karachi, Pakistan. The group was founded by Habib Esmail in Bombay (British Raj) in 1841. It is a prominent shia Khoja business family in Pakistan.

as the government started

privatization Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

of the

banking A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

sector in Pakistan. In 2006,

's Pakistan operations were merged into Metropolitan Bank Limited and subsequently renamed Habib Metropolitan Bank Limited. In 2015, HABIBMETRO won

Asian Development Bank The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field office ...

(ADB) award. The parent bank,

has operations in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

United Arab Emirates The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...

Kenya ) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , ...

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...

and

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

FinCEN

HABIBMETRO was named in FinCEN leak, published by

Buzzfeed News ''BuzzFeed News'' is an American news website published by BuzzFeed. It has published a number of high-profile scoops, including the Steele dossier, for which it was heavily criticized, and the FinCEN Files. Since its establishment in 2011, it ...

and the

International Consortium of Investigative Journalists The International Consortium of Investigative Journalists, Inc. (ICIJ), is an independent global network of 280 investigative journalists and over 140 media organizations spanning more than 100 countries. It is based in Washington, D.C. with pe ...

(ICIJ). It had two suspicious transactions flagged.

Awards

HABIBMETRO was awarded ''Best Islamic Banking Brand'' at the GIFA in 2020.

Products and Services

References

External links

Official Website
Pakistani subsidiaries of foreign companies Companies listed on the Pakistan Stock Exchange Pakistani companies established in 1992 Banks established in 1992 Banks of Pakistan Companies based in Karachi 2006 mergers and acquisitions Mergers and acquisitions of Pakistani companies {{Bank-stub