KARACHI: In collaboration with global accountancy firm A F Ferguson, the Institute of Bankers Pakistan (IBP) has instituted the Pakistan Banking Awards, which are merit-based, independent and free of advertisers’ pressure, the organisers claim.
Habib Bank (HBL) received the Best Bank for Small Businesses and Agriculture Award for its strong performance, diversification and quality of small and medium enterprises (SME) and agricultural lending nationwide.
HBL also grabbed the award for the Best Environment and Social Governance Bank for contributing the most in terms of the long-term sustainability of the environment, employees, customers and communities.
Published in The Express Tribune, May 15th, 2016
About Habib Bank Limited (HBL)
AKFED’s commercial and retail banking investments include an interest in Habib Bank Limited (HBL), Pakistan’s largest and oldest private sector bank. HBL has over 1,700 branches and over 1900 ATMs providing financial services throughout Pakistan. With over 11 million customer relationships, HBL offers a wide range of services, including branchless banking and alternative delivery channels that further its objectives in financial inclusion. HBL has a presence in 25 countries, which include Hong Kong, Singapore, Sri Lanka, Bangladesh, Gulf, Continental Europe, UK and the USA.
About Aga Khan Fund for Economic Development (AKFED)
To encourage the creation of strong and efficient capital markets and provide essential financial services, AKFED provides an institutional umbrella for banks and insurance companies in eastern Africa, Central Asia and South Asia. As parts of AKFED, these project companies work on a commerical basis, but all profits are reinvested in further development. And because of their AKDN ethos, AKFED financial institutions are involved in programmes that are part of the broader development agenda, such as the provision of health micro-insurance, savings, workplace wellness and tree-planting.
AKFED Financial services through its banks is focusing on enhancing financial inclusion with increased outreach as well as maintaining a focus on SME customers. AKFED Financial Service companies are lending a particular emphasis on investments in technology infrastructure as the primary tool in achieving its desired objective through alternative delivery channels.
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