Habib Bank Ag Zurich

Date of Issue (March 20, 2001)

Habib Bank AG Zurich, a Swiss incorporated bank was founded in 1967 by the renowned Habib Banking Family of Pakistan, the same family who had founded and owned Habib Bank (Overseas) Ltd. and Habib Bank Limited, the largest bank of Pakistan till it's nationalization in 1974.

At the time of it's incorporation,' Habib Bank AG Zurich had a modest capital of Swiss Francs 2 million, with only one branch in Zurich, Switzerland. After nationalization of all the banks in Pakistan, the family decided to grow and expand the operation of Habib Bank AG Zurich. Within a period of only 26 years of its expansion program, the family managed to grow the Bank to such an extent, that today it is ranked amongst the top 1000 banks of the world. This kind of exceptional achievement is diffcult for any banking institution to attain, in such a short period of time. Indeed, it is a milestone for a family owned and managed private banking institution. Such progress is difficult to achieve even after decades of existence.

"The Banker" magazine of England, in its July 2000 issue, gave the following rankings to Habib Bank AG Zurich: It appears as 862nd largest bank in the World's overall ranking, among hundreds of thousand of banks. The bank is placed as 342nd in soundness and is ranked as 420th in performance. The ranking by size and assets is 854th and by return on assets, the bank stands at 384th. Whereas in real profit growth, Habib Bank AG Zurich is ranked at 111th among all the banks of the world, a very creditable performance indeed.

"The Banker" has placed Habib Bank AG Zurich at 28111 largest bank among the 1,038 banks in Switzerland. In soundness, the bank enjoys a ranking of 1 0 and in performance 9. In real profit growth, the bank is ranked at number 4 in Switzerland, only after three major banks of Switzerland, i.e. Union Bank of Switzerland, Credit Suisse Group and EFG Bank European Financial Group. The capital adequacy of the bank can be judged by the fact that against a BIS capital requirement of 8%, the bank maintains 'A capital adequacy ratio of 19%'.

The bank has the largest over-seas network of branches as far as Swiss banks are concerned. Additionally, the bank enjoys a ranking of 362nd largest bank amongst the banks in Europe.

The above achievement for Habib Bank AG Zurich is not only a source of pride for the family who owns and manages this bank, but Pakistan can feel proud that it has produced bankers of the highest international standard. Habib Bank AG Zurich has branches all over the world i.e. Zurich, Switzerland, Moorgate, East End West End in London, Manchester, Glasgow, Leicester, Southall and Birmingham in England. In Kenya, Nairobi , Mombassa, Westland, Industrial Area.

In United Arab Emirates, the bank has branches in Deira, Par Dubai, Corporate Branch, Sikkat AI Khail, Jebel Ali, Sheikh Hamdan and AI Falah Street, Abu Dhabi and a branch in Sharjah. In Srilanka, the bank has branches in Main Street, Fort, Wellawatta, Colpetty, and a Foreign Currency Banking Unit in Colombo.

Habib Bank AG Zurich also has fully owned subsidiaries in Isle of Man, South Africa and Canada and representative offices in Hong Kong and Cario. The Bank has six branches in Pakistan including three in Karachi, and one each at Lahore, Faisalabad and Rawalpindi. The first branch was opened in Karachi in July 1989. Over a period of ten years, the bank has contributed over one and half billion rupees to the country's exchequer, besides providing employment to 370 people in Pakistan.

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