Summary of Proposed Investment
Project Number
24135
Company Name
HABIB BANK LIMITED
Date SPI Disclosed
Mar 7, 2006
Country
Pakistan
Industry
Financial Markets
Projected Board Date
Apr 10, 2006
Status
Completed
Sector
Commercial Banking - General
Department
Global Industry, Financial Markets
Environmental Category
FI
Previous Events
Approved : Apr 27, 2006
Signed : Jun 26, 2006
Invested : Oct 24, 2007
Project Description
Habib Bank Ltd (HBL or the Bank) was incorporated in Pakistan in 1947. Privatized in 2004, HBL is the largest and most important private sector bank in Pakistan with a market share of approximately 20% in terms of loans and deposits, approximately $9.5 billion in assets and $526 million in shareholders equity as of December 31, 2005. Having a diversified line of businesses, HBL has a strong background in corporate and SME lending and has also recently focused on increasing its lending to consumers.
The project consists of an eight-year million Tier 2 subordinated loan of up to $50 million to HBL and an equity investment of up to 5% of the Bank’s capital. The investment will enable HBL to diversify its funding sources, strengthen its capital adequacy and to expand its lending activities.
The project consists of an eight-year million Tier 2 subordinated loan of up to $50 million to HBL and an equity investment of up to 5% of the Bank’s capital. The investment will enable HBL to diversify its funding sources, strengthen its capital adequacy and to expand its lending activities.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Ayaz Ahmed, Chief Financial Officer
Habib Bank Limited,
21, Habib Bank Plaza,
I.I.Chundrigar Road, Karachi
Pakistan
Habib Bank Limited,
21, Habib Bank Plaza,
I.I.Chundrigar Road, Karachi
Pakistan