Habib Bank AG Zurich

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Habib Bank AG Zurich
TypePrivate
IndustryFinancial services
Founded25 August 1967; 55 years ago (1967-08-25)
HeadquartersZurich, Switzerland
Key people
Muhammad H. Habib (Chairman)
Mohamedali R. Habib (CEO)
Hasan Habib (President)
Products
  • Loans
  • Checking
  • Savings
  • Investments
  • Credit Cards
  • Letter of credit
OwnerMohamedali Habib Family[1]
Number of employees
~5,000
ParentGefan Finanz AG
SubsidiariesHabib Metropolitan Bank
Websitewww.habibbank.com

Habib Bank AG Zurich is a Swiss multinational commercial bank which is based in Zurich, Switzerland. It has its operations in Hong Kong, Kenya, Pakistan, South Africa the United Arab Emirates and the United Kingdom.[2]

History[edit]

Habib Bank AG Zurich was founded on 25 August 1967[3] by the Pakistani Habib family separate from their main banking business Habib Bank Limited which was later nationalized under the nationalization scheme.[4]

Ownership[edit]

The bank is fully owned by Gefan Finanz AG (incorporated in Zug), which is in turn owned by a trust structure. The trust is 100% owned by members of the Mohamedali Habib branch of the Habib family. The beneficial owners are[citation needed]:

  • Habib M. Habib (25%)
  • Muhammad H. & Hyder M. Habib (25%)
  • Reza S. Habib (25%)
  • other Habib family members (25%)

See also[edit]

References[edit]

  1. ^ "Habib Bank AG Zurich Annual Report PDF Free Download".
  2. ^ Company Profile At Businessweek.com
  3. ^ "HBZ Switzerland". Habib Bank AG Zurich. Retrieved 14 September 2017.
  4. ^ "History". HBZ Bank Ltd. Retrieved 14 September 2017.