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Introduction & History 1.

1- Introduction of Habib family

The history of the House of Habib goes back to middle of the


previous-to-last century when Esmail Ali of Jamnagar ,India, set up
asmall utensil factory in Bombay.His son Habib Esmail, born in1878,
founded the House of Habib. Habib was very young when hisfather
died, forcing him to join the business of his uncle Cassum
Mohammad, owner of Khoja Mithabai Nathoo,merchant,
andmanufacturer of copper and brass utensils. It was because of
hisassociation with Mithabai Nathoo that Habib Ismaeel came to
beknown as Seth Habib Mitha. DAWOOD HABIB Habib and Sons was
formed in the 1920’s to trade in cotton, copper, oil seeds, gold bullion
and other commodities and to act as a merchant bank. This in turn led
to the formation in 1941 of Habib Bank Ltd. Bombay, as a public
limited company

Habib Metropolitan Bank Ltd Company Profile

Habib Metropolitan Bank Limited is a Pakistan-based company, which is engaged in


providing commercial banking, brokerage services and modaraba management services. The
Company's segments include Trading and sales, Retail banking and Commercial banking. The
Trading and sales segment undertakes the Company's treasury, money market and capital
market activities. The Retail banking segment provides services to small borrowers, such as
consumers, and small and medium enterprises (SMEs) and borrower's agriculture sector. It
includes loans, deposits and other transactions with retail customers. The Commercial
banking segment includes loans, deposits and other transactions with corporate customers,
and SME customers other than those included in the Retail banking segment. The Company
operates approximately 240 branches, including approximately 20 Islamic banking branches
and approximately 40 sub branches in Pakistan. The Company is a subsidiary of Habib Bank
AG Zurich.
HMB operates in all major cities of the country. The Bank ranks within Top 10 in Pakistan
with a strong vision to be the most respected Financial Institution. HMB has its primary
focus on retail banking and trade finance and also offers highly innovative E-Banking
solutions and Consumer Banking to its customers. The Bank's Islamic Banking Division is fully
capable of catering to customers seeking Shariah compliant products.
The HBZ Group is heir to a rich tradition of banking and commerce dating back to more than
160 years. The group's flagship and HMB's principal, HBZ (incorporated 1967) enjoys
International ranking of 687 in terms of capital. With Headquarters in Switzerland, the HBZ
Group also operates in Hong Kong, Singapore, United Arab Emirates, Kenya, South Africa,
United Kingdom and North America.
https://fp.brecorder.com/2011/06/201106061198076/

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