Habib Allied International Bank Plc, trading as Habib Bank UK, is a 90.5% owned subsidiary of Habib Bank Limited (HBL). HBL was privatised in 2003 and is now under the control of the Aga Khan Fund for Economic Development (AKFED) registered in Switzerland.
9.5% of Habib Bank UK is owned by Allied Bank Limited.
The Habib Bank Group is a leader in Pakistan's services industry. HBL as on 31.12.2007 had 1437 domestic branches, 39 overseas branches, 2 representative offices and five subsidiaries. These has enabled HBL to provide comprehensive services that meet customer needs. This has ensured thriving client relationships that form the backbone of the Bank's operations.
Today, HBL plays a central role in Pakistan's financial and economic development. It has come a long way from its modest beginnings in Bombay in 1941 when it commenced operations with a fixed capital of 25,000 rupees.
Impressed by its initial performance, Qaid-e-Azam Mohammed Ali Jinnah asked the Bank to move its operations to Karachi after the creation of Pakistan. HBL established itself in the Qaid's city in 1943 and became a symbol of pride and progress for the people of Pakistan.
Habib Bank has been a pioneer in providing innovative banking services. These have included the installation of the first mainframe computer in Pakistan followed by the first ATM and more recently, internet banking facilities in all 1437 domestic branches. The Bank's towering presence in Pakistan's financial and commercial life has remained unchanged over the decades. The strength of its brand and image is symbolized by its prominent Head Office building that has dominated Karachi's skyline for 35 years.