A Executive Summary

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Executive Summary

EXECUTIVE SUMMARY

BACKGROUND

Habib Bank AG Zurich (to be referred as HBZ) was incorporated in 1967 inZurich, Switzerland by a renowned family of bankers in Pakistan (HabibFamily) with a paid-up capital of Swiss Francs 2 million. At the time of formation of HBZ, the Habib family also owned Habib Bank Ltd. (HBL) inPakistan with an asset base of over PRs. 12,597 million and had over 927branches in Pakistan and 42 branches overseas. HBL was the largestcommercial bank in Pakistan and ranked amongst the 200 largest banks inthe world. In 1974 with the nationalization of Pakistani banks, the Habibfamily lost the ownership of HBL and was left with only HBZ, which at thattime had very modest operations, with only one branch in Zurich.Since Mr. H.M. Habib was a regular visitor to the court of His HighnessShaikh Rashid Bin Saeed Al Maktoum in Dubai, when the banks in Pakistanwere nationalized, H.H. Sheikh Rashid extended an invitation to theHabibs to open a bank in Dubai which they wholeheartedly accepted. Abranch of HBZ was opened on August 6, 1974 in Murshid Bazar in Dubai. The first account holder of the bank was H.H. Shaikh Rashid Bin Saeed AlMaktoum.HBZ, as a foreign bank, now has 8 established branches in the UAE. HBZhas presence in 12 countries through 33 established branches andsubsidiaries. The Habib Family has been associated with the bankingindustry for over six decades. The bank has a strong tradition, solidfoundation and a history of superior management. It enjoys a rich fund of goodwill with international banks and the business community, which isassociated with the name of Habib.

HBZ MOTTO

Service With Security

The motto is a reflection of the bank’s drive towards excellence withcontinual emphasis on its conservative management philosophy which isalso evident from the mission statement.

HBZ MISSION

Service With Security2

Sheikh Rashid with H.M.Habib

Executive Summary

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To retain and expand the customer base by providing a competitive,specialized and personal quality service in full compliance with theSwiss and local regulatory requirements.

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To provide a comprehensive range of commercial, consumer andprivate banking services to a broad base of personal and businesscustomers especially from our niche market.

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To support the sound and efficient operations of the bank by regularmonitoring and development of the infrastructure in terms of humanresource, IT, procedures and processes.

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To be a well and conservatively managed bank, showing reasonableand controlled growth, ensuring an adequate return for theshareholders.

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To keep risks to a minimum through a clear policy of broaddiversification in terms of geography and product mix by spreading thebank’s credit and trade financing activities over a wide range of customers with emphasis on secured, short-term and self-liquidatinglending.

ORGANISATION STRUCTURE

HBZ, being a Swiss incorporated bank, has its Board of Directors based inZurich assisted by the General Management.

Board of Directors with the General Management

From left to right, front row: Dr. Robert Sutz, Dr. Andre A. Wicki, Dr. Marco DussBack Row: Dr. Konrad Hummler, Mr. H.M. Habib, Mr. M.H. Habib, Mr. Hyder M. Habib, Prof. LeoSchuster, Mr. Reza S. Habib

Service With Security3

Executive Summary

HBZ’s UAE operations are headed by Mr. Reza S. Habib, who is the JointPresident and a member of the General Management.

HBZ PRODUCT LINE

HBZ provides a wide range of financial services including depositaccounts, credit facilities, funds transfer, investment banking, privatebanking, electronic banking and various other services. The bank has avery strong base in import and export trade such as letters of credit,letters of guarantee, pre and post shipment finance for exporters, bridgefinancing and loan against merchandise and corporate finance. The private banking group with its strong expertise in investment is wellplaced to cater to the needs of high net worth individuals for investmentin fixed income instruments, equities, options, futures, funds etc. TheBank’s treasury department is fully equipped to assist and advise clientson profitable investments in various currencies. Investments in metal andsafe custody services are also offered as part of international financialplanning.Last year HBZ became the first bank in the UAE and possibly in the MiddleEast to offer WAP-based banking services. The facilities that are provided,use leading-edge technology that can be accessed through WirelessApplication Protocol. Other services include Web banking, accessing ATMSWITCH facilities and GSM push banking for both commercial and privatecustomers. Recently the bank has again made a break-through byintroducing online LC facility and third party money transfers 24 hours aday, 365 days a year.

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