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Acknowledgment
This report on capital budgeting is a collaborative effort by all group members.
Firstly, we would really owe a debt of gratitude to our course instructor Mr.
Chaudhary Mazhar Hussain whose expertise, motivation and professional
knowledge proved to be guiding light for us and we shall greatly benefit from this
experience in our future endeavors.
of Habib Bank (Pvt) Ltd for providing us valuable information and required
assistance.
We have ensured that this report covers all the essentials of Financial
Management Project guidelines.
About HBL
HBL was the first commercial bank to be established in Pakistan in 1947. Over the years, HBL
has grown its branch network and become the largest private sector bank with over
1,450 branches across the country and a customer base exceeding five million
relationships.
With a presence in 25 countries, subsidiaries in Hong Kong and the UK, affiliates in
Nepal, Nigeria, Kenya and Kyrgyztan and representative offices in Iran and China, HBL
is also the largest domestic multinational. The Bank is expanding its presence in
principal international markets including the UK, UAE, South and Central Asia, Africa
and the Far East. Key areas of operations encompass product offerings and services in
Retail Banking. HBL has the largest Corporate Banking portfolio in Pakistan with an
active Investment Banking arm. SME and Agriculture lending programmes and banking
services are offered in urban and rural centres. In the UK and GCC, HBL focuses on
trade finance and remittances for the South Asian Diaspora in addition to basic banking
facilities.
HBL has always been a bank and a brand for the masses, with a history that is
inextricably linked with the history of Pakistan itself. As it continues to grow, both locally
and abroad, it strives to embody its brand personality: honest, approachable, and
inclusive.
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HBL is currently rated AA+ (Long term) and A1+ (Short term)*. It is the first Pakistani
bank to raise Tier II Capital from external sources.
Mission
To make our customers prosper, our staff excels and creates value for shareholders.
Values
Our values are the fundamental principles that define our culture and are brought to life
in our attitude and behavior. It is these values that make us unique and Unmistakable.
Our values are defined
Objectives
Following are some of the main objectives of HBL.
To earn profit for the Bank itself and maximize its shareholders value.
To provide solutions for multiple requirements of clients of diverse financial
nature.
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To manage with the changing trends of the modern day financial market.
To be a diversified bank by offering all basic consumer services along with
Specialized services
Honest and ethical conduct, including ethical handling of actual or apparent
conflicts of interest between personal and professional relationship.
To provide employment opportunities to people.
To help in development and industrialization of the country.
Excellence
This is at the core of everything we do. The markets in which we operate are
becoming increasingly competitive, giving our customers an abundance of choice.
Only through being the very best - in terms of the service we offer, our products
and premises - can we hope to be successful and grow.
Integrity
We are the leading bank in Pakistan and our success depends upon trust. Our
customers - and society in general - expect us to possess and steadfastly adhere
to high moral principles and professional standards.
Customer Focus
We understand fully the needs of our customers and adapt our products and
services to meet these. We always strive to put the satisfaction of our customers
first.
Meritocracy
We believe in giving opportunities and advantages to our employees on the basis
of their ability. We believe in rewarding achievement and in providing first-class
career opportunities for all.
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Progressiveness
We believe in the advancement of society through the adoption of enlightened
working practices, innovative new products and processes and a spirit of
enterprise
HBLs Code of Corporate Governance :The Code of Corporate Governance issued by the Securities & Exchange
Commission of Pakistan for establishing a framework of good corporate
governance to manage a company in compliance with best practices has been
made applicable by the State Bank of Pakistan to banks in June 2002.
HBL Board of Directors has adopted the Code of Corporate Governance and
necessary actions have been initiated for compliance with all applicable and
relevant clauses. The bank applies the principles contained in the Code in the
following manner:
Except for the Chief Executive Officer, all the other directors are nonexecutive directors.
None of the directors of the bank are serving as a director in ten or more
listed companies.
The directors are registered as tax payers and to the best of our knowledge
none of them have defaulted in payment of any loan, to a banking company,
a development financial institution or non banking financial institution, or
stock exchange.
An Audit Committee has been formed and it met twice during the second
half of 2002. The terms of reference have been framed and advised to the
Committee. On recommendation of the Audit Committee the Board has
approved the financial statements of the bank.
This Statement of Compliance with best practices of corporate governance
is being published and circulated along with the annual report of the bank.
HBL Car loan: HBL Car Loan helps you get your preferred car through a
simple and hassle-free process, backed by superior service and support. Now you
can drive a car you always wanted.
Term accounts
Saving accounts
Current accounts
Affordability
Flexibility
Security
Convenience
Supplementary Cards
HBL HomeLoan
HBL HomeLoan offers financing options to purchase a new house or renovate an
existing house.
HBL Bancassurance
HBL and New Jubilee Life Insurance Company Limited (NJLI) introduce Amaan
(Retirement Plan) and Tabeer (Child Education & Marriage). These products have
been designed keeping HBLs customer base as the focus and will provide life
insurance along with an investment option.
turnover between PKR 50 million to PKR 300 million, the Commercial Banking
group provides a wide range of products that meet specific customer needs. They
provide financing for the following:
Working Capital
Procurement of Inventory
Receivables
Procurement of Machinery
Exports
Guarantees
The
Corporate Banking
corporate borrowers who need tailored facilities. The Corporate Bank manages a
diverse portfolio, being an active player in a multitude of sectors including textiles,
sugar, leather, pharmaceuticals, fertilizer, petrochemicals, power, aviation,
automotive, telecom, oil and gas and FMCGs. HBL provides following services to
meet your funding requirements of corporate clients:
Pre and Post Shipment Export Financing (PKR and USD based)
LMM Funding
Receivable Discounting
The
capital strategy solutions to major local and multinational entities. HBL offers fullservice Investment Banking capabilities to its clientele. This year alone, HBL has
closed over thirty transactions with a cumulative worth of over USD 2 billion. This is
a testament to the out-of-box thinking and the innovative products they bring to
their customers. The Investment Banking Group functions in three specialist
business areas: Project Finance, Debt Capital Markets & Syndications and Equity
Capital Markets & Advisory.
Islamic Banking
Ijarah (Leasing): Medium to long term facility for vehicles, plant and
machinery leased out to the client on rental basis
Murabaha Local and Import facilities for purchase of raw materials, semi
finished and finished goods, stores or spares
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HBL Zarai Banking facilities are spread across the country and provide
financing through more than 800 of our branches. HBLs presence in all agriculture
belts of the country ensures easy access to farmers in rural areas.
HBL
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