A n n u a l R e p o r t 2023
Enriching Lives
HBL makes a concerted effort to operate in ways that enhance the well-being of society, a spirit that we inculcate in our employees as a socially responsible organization. We believe strongly that a growing economy, a dynamic society, and a sustainable natural environment, all have an interdependent relationship; HBL operates with a 360-degree approach towards achieving impact and sustainability, both within the organization and in the communities we serve.
HBL's good governance and Corporate Social Responsibility is not confined to charitable giving, but also directed at conducting our daily business and living our daily lives with constant care for our physical and social environments.
Enriching Lives
T A B L E O F C O N T E N T S
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2
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Corporate Information Management
Vision & Mission Values
6 - Point Business Agenda International Footprint HBL Domestic Network Accolades
Key Performance Indicators
Growth at a Glance - 2018 to 2023 (Consolidated) Board of Directors
Corporate Sustainability
Chairman's Message Directors' Report (English) Directors' Report (Urdu)
Annual Statement on Internal Controls Independent Auditor's Review Report Statement of Compliance
Shariah Board Report (English) Shariah Board Report (Urdu)
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05
06
07
08
10
11
12
13
14
16
20
24
27
43
63
65
66
69
71
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5
6
CONSOLIDATED
FINANCIAL STATEMENTS
Independent Auditor's Report - Consolidated Consolidated Statement of Financial Position Consolidated Profit and Loss Account Consolidated Statement of Comprehensive Income Consolidated Statement of Changes in Equity Consolidated Cash Flow Statement
Notes to the Consolidated Financial Statements Annexures - Consolidated
UNCONSOLIDATED
FINANCIAL STATEMENTS
Directors' Report (English) Directors' Report (Urdu)
Independent Auditor's Report - Unconsolidated Unconsolidated Statement of Financial Position Unconsolidated Profit and Loss Account Unconsolidated Statement of Comprehensive Income Unconsolidated Statement of Changes In Equity Unconsolidated Cash Flow Statement
Notes to the Unconsolidated Financial Statements Annexures - Unconsolidated
Pattern of Shareholding
Trading by Substantial Shareholder and Executives of the Bank
Categories of Shareholders Notice of Annual General Meeting Admission Slip
Form of Proxy (English) Form of Proxy (Urdu)
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80
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84
85
165
244
246
261
280
284
285
286
287
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289
365
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369
370
372
Corporate Information
Board of Directors
Mr. Sultan Ali Allana | Chairman |
Mr. Shaq Dharamshi | Director |
Mr. Moez Ahamed Jamal | Director |
Mr. Salim Raza | Director |
Dr. Najeeb Samie | Director |
Mr. Khaleel Ahmed | Director |
Ms. Saba Kamal | Director |
Mr. Muhammad Aurangzeb | President & CEO |
Board Committees
Board Audit Committee
Mr. Khaleel Ahmed | Chairman |
Dr. Najeeb Samie | Member |
Mr. Moez Ahamed Jamal | Member |
Chief Internal Auditor | Secretary |
Board Compliance and Conduct Committee
Mr. Moez Ahamed Jamal | Chairman |
Mr. Shaq Dharamshi | Member |
Mr. Khaleel Ahmed | Member |
Chief Compliance Ocer | Secretary |
Board Development Finance Committee
Mr. Salim Raza | Chairman |
Mr. Khaleel Ahmed | Member |
Ms. Saba Kamal | Member |
Mr. Muhammad Aurangzeb | Member |
Head - Development Finance | Secretary |
Board Human Resource and Remuneration Committee
Mr. Khaleel Ahmed | Chairman |
Mr. Sultan Ali Allana | Member |
Dr. Najeeb Samie | Member |
Mr. Shaq Dharamshi | Member |
Chief Human Resources Ocer | Secretary |
Board IT Committee
Ms. Saba Kamal | Chairperson |
Mr. Moez Ahamed Jamal | Member |
Mr. Salim Raza | Member |
Chief Operating Ocer | Secretary |
Board Risk Management Committee
Mr. Salim Raza | Chairman |
Mr. Shaq Dharamshi | Member |
Mr. Muhammad Aurangzeb | Member |
Chief Risk Ocer | Secretary |
Board Nomination and Remuneration Committee
Mr. Salim Raza | Chairman |
Mr. Moez Ahamed Jamal | Member |
Mr. Shaq Dharamshi | Member |
Dr. Najeeb Samie | Member |
Company Secretary | Secretary |
Board Strategy Input and Monitoring Committee
Mr. Sultan Ali Allana | Chairman |
Mr. Moez Ahamed Jamal | Member |
Dr. Najeeb Samie | Member |
Ms. Saba Kamal | Member |
Mr. Muhammad Aurangzeb | Member |
Head Corporate Strategy | Secretary |
Chief Operating Officer
Mr. Muhammad Nassir Salim
Chief Financial Officer
Mr. Rayomond H. Kotwal
Company Secretary
Mr. Uzman Naveed Chaudhary
Legal Advisors
Mandviwalla and Zafar
Legal Consultants and Advocates
Auditors
KPMG Taseer Hadi & Co
Chartered Accountants
Share Registrar
CDC Share Registrar Services Limited CDC House, 99 - B, Block 'B', S.M.C.H.S., Main Shahra-e-Faisal Karachi - 74400, Pakistan
Tel: Customer Support Services (Toll Free) 0800-CDCPL (23275) Fax: (92-21) 34326053
Email: info@cdcsrsl.com
Website: www.cdcsrsl.com
HBL Corporate Secretariat
Phone: (92-21) 37137543
Fax: (92-21) 35148370
Principal Office
Habib Bank Limited
HBL Tower, Plot No. G-4,
KDA Scheme 5, Block 7 Clifton,
Karachi, Pakistan
Phone: (92-21) 33116030
Registered Office
Habib Bank Limited
9th Floor, Habib Bank Tower,
Jinnah Avenue, Blue Area, Islamabad, Pakistan
Phone: (92-51) 2270856, (92-51) 2821183
Fax: (92-51) 2872205
Corporate Website
www.hbl.com
Internet Banking
www.hbl.com/personal/digital-banking/hbl-internetbanking
Konnect
www.hbl.com/konnect
hblbank | HBLPak
04 HBL Annual Report | 2023
Management
Muhammad Aurangzeb
President & CEO
Muhammad Nassir Salim
Chief Operating Oicer
Aalishaan Zaidi
Head Retail Banking
Aamir Irshad
Head Corporate, Commercial & Investment Banking
Aamir Kureshi
Head Consumer, Agriculture & SME Banking
Abrar A. Mir
Chief Innovation & Financial Inclusion Ocer
Adnan Pasha Siddiqui
Head Development Finance
Armughan Ahmed Kausar
Chief Compliance Ocer
Faisal Lalani
Head Financial Institutions & Remittances
Farhan Talib
Head International
Jamal Nasir
Chief Human Resources Ocer
Michael Maier
Chief Technology Ocer
Muhammad Farhanullah Khan
Chief Internal Auditor
Naeem Bashir Ahmad
Head Corporate Strategy
Rayomond H. Kotwal
Chief Financial Ocer
Risha A. Mohyeddin
Global Treasurer
Sami Aziz
Head Remedial & Structured Credits
Tariq Masaud
Chief Risk Ocer
Uzman Naveed Chaudhary
Company Secretary and Head Regulatory Aairs
HBL Annual Report | 2023 | 05 |
Vision
Enabling people to advance with confidence and success.
Mission
To make our customers prosper, our staff excel and create value for stakeholders.
06 HBL Annual Report | 2023
Values
Our values are the fundamental principles that define our culture and are brought to life in our attitudes and behaviour. It is our values that make us unique.
INTEGRITY - Be Ethical and Fair
- We honour our commitments and do what is right
- We are fair, respectful and honest at all times
- We are ethical in our decisions and interactions
- We take responsibility for our actions
- We are prudent and responsible with the assets entrusted to HBL
CUSTOMER CENTRIC - Deliver Great Experiences
- We value our clients and develop products and services around their needs
- We provide exceptional service to all we serve
- We understand and respect our customers
- We deliver solutions that add value to our customers' lives
- We consider the impact of our policies and decisions on our customers
- We are fully transparent with our customers
VALUE PEOPLE - Respect, Empower, Appreciate
- We treat our people equitably and make decisions on merit
- We invest in people and provide opportunities for learning and growth
- We empower people to do what is needed for success
- We provide a positive and collaborative work environment
- We celebrate our successes and recognise people for their contributions
- We encourage and embrace diversity
PROGRESSIVE - Innovate and Challenge
- We challenge our thinking to raise the bar
- We encourage our team members to question the status quo
- We innovate and adapt to change
- We positively impact and serve the communities in which we live
EXCELLENCE - Be Your Best
- We lead in our industry
- We take ownership of what we do
- We relentlessly pursue quality without compromise
- We consistently adhere to measurable standards and look for ways to exceed them
- We benchmark against the best
HBL Annual Report | 2023 | 07 |
1
Relentless focus on customer experience
- Realign organization from a customer segment lens
- Embed Customer Centricity into the DNA of the organization
- Accelerate the customer experience journey towards 'Delighting our customers'
- Serve customers through 'Technology, with a human touch'
- Provide personalized, user-friendly solutions that cater to evolving expectations
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People Agenda to be our top priority
- Leadership Matters - Build enterprise-wide leadership capabilities
- Attract, develop and retain top-quality talent through robust career planning
- Culture change through using values-based behaviours to drive performance and rewards
- Unlock synergies through cross-functional and agile teamwork
- Continue focus on gender and dierently-enabled diversity
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Making Innovation the
Driving Force
- Imagine, rethink, and predict evolving customer needs
- Increase speed of delivery by simplifying, digitizing, and enabling straight through processing
- Use AI for routine, repetitive, tasks, allowing our people to unlock their potential
- Think Again - Continuous process improvement as 'good is never good enough'
- Foster a culture of innovation, ownership and engagement to attract top talent
6
Point
Business
Agenda
08 HBL Annual Report | 2023
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HBL - Habib Bank Limited published this content on 06 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2024 14:24:05 UTC.