Nauman Khan Dar is reappointed as Habib Bank Ltd. for next three years from 2015 till 2018. Dar was first appointed in 2012 replacing Zakir Mehmood.
HBL’s board of directors again voted for him to be the CEO and President for the performance and growth of HBL.
Dar has 30 years experience in Banking and he has been working in Pakistan, Europe and Africa. He was leading the HBL’s International division, corporate and investment banking before getting to the position of the highest rank banker in HBL.
From 2012 to 2014, HBL profit rose from Rs 22.3 billion to Rs 31.8 billion
During his three years term, Dar has continued the pace of bank’s profitability and expansion in network unabated with the supervision of acquisition of Barclays Bank Pls, shares sell-off of the government stakes and major decisions to bring strength in the operation of HBL and its penetration in different sectors.
From 2012 to 2014, HBL profit rose from Rs 22.3 billion to 31.8 billion with double growth.
HBL witnessed many technological advancements in its operations and banking system, including online banking and real-time branches.
HBL has paid off its debts of $50 million to IFC (International Finance Corporation), loan was borrowed soon after the privatization of bank for its services expansion purpose.
HBL had deposits of Rs 1 trillion in August 2014 and doubled them to Rs 2 trillion by end of 2014
The bank, which achieved a benchmark of achieving deposits of Rs 1 trillion as first in the banking industry in August 2014, multiplied its deposits by 100 percent to Rs 2 trillion by the end of 2014.
The branches of HBL are increased to 16,50 from 1,450 in last three years which makes HBL largest in terms of its local presence. In the year 2014 HBL won five international awards including Safest Bank in Pakistan by Global Finance, Best Bank in Pakistan by Euromoney and Pakistan’s bank of the year by The Bankers and two others.
The growth of HBL is not just their hardworking it’s Pakistan’s economic environment which is getting better every day.