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Habib Bank AG Zurich
Company typePrivate
Industry Financial services
Founded25 August 1967; 56 years ago (1967-08-25)
Headquarters Zürich, 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
Subsidiaries Habib Metropolitan Bank
Website www.habibbank.com

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

History

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

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%)

Gallery

See also

References

  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.