After winning the Asiamoney award for the Best Domestic Bank in Pakistan, Habib Bank Limited (HBL) has now been honored with the ‘Best Bank in Pakistan 2021’ by Euromoney Awards. The two awards have significant importance in the banking industry all over the world. The awards have been granted to HBL based on their advanced approach towards commercial banking and developing financial business streams, and their noticeable efforts towards financial inclusion along with their involvement in the CPEC project.
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According to the Euromoney citation HBL is reaching new heights under the President and CEO, Muhammad Aurangzeb. The citation further acknowledged HBL’s efforts:
“Remarkably, in a year when most banks around the world were trying to stem the losses caused by Covid, HBL doubled its after-tax profits to Rs 30.9 billion ($193.4 million).”
HBL was also appreciated for its smooth e-payments processes, cards, along auto/trade business dealings.
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The citation further reads,
“Agriculture is a mainstay of HBL’s innovative efforts; the bank aims not only to fund farmers but deploys full-time agronomists to help with improving crop yields.”
About Euromoney Awards
The Euromoney awards were established in 1992. They are the first established awards to recognize the achievements of the banking sector. The Euromoney awards received a huge number of entries this year. They cover as many as 100 countries and gave out 5o regional awards.
What is CxO Global Forum?
The CxO Global Forum Network is an invitation-only membership exclusively for Chief investment/information officers and technology officers, financial & marketing, executive officers & country heads from the world’s largest and most influential companies. The forum is to get global exposure especially in digital transformation & innovation around the globe.