Bank Al Habib becomes the 6th Largest Bank in Pakistan – Research Snipers

Bank Al Habib becomes the 6th Largest Bank in Pakistan

In terms of the market presence and branch network size, Bank Al Habib has become the sixth largest bank in Pakistan. Bank Al Habib has overtaken Bank Alfalah to become the sixth-biggest bank. Bank Al Habib has increased its branches in 705 areas all over Pakistan and in foreign markets. This data is by the end of the 3rd quarter of 2018.

Bank Al Habib has a total of 705 branches with 62 Islamic branches, 600 conventional branches, 36 sub-branches, 3 foreign branches, and 4 representative offices. The bank has worked hard to increase its network and expand its services all over the country. Furthermore, Bank Al Habib has wholesale branches in Bahrain, Seychelles and Malaysia and offices in UAE, Istanbul, Beijing, and Kenya. By the end of September 2018, the assets of the bank grew up to Rs. 750 billion.

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Compared to Bank Al Habib, Bank Alfalah has a total of 662 offices with 152 Islamic branches, 478 conventional branches, 22 sub-branches, 10 foreign branches with 7 in Bangladesh and one each in Bahrain, Dubai, and Afghanistan.

By the end of September 2018, the asset value of the bank stood at Rs. 804 billion.

Other than these the top 5 banks of Pakistan are Habib Bank Limited, United Bank Limited, MCB Bank, National Bank of Pakistan and Allied Bank Limited.

1 thought on “Bank Al Habib becomes the 6th Largest Bank in Pakistan

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