HBL Acquires Barclays Bank PLC Pakistan

Karachi: Habib Bank Limited (HBL), Pakistan’s largest bank, had announced earlier that it had entered into an agreement with Barclays Bank PLC to acquire Barclays banking business in Pakistan. This acquisition was approved by the State Bank of Pakistan and from 15th June 2015 the Pakistan business of Barclays Bank PLC has been amalgamated with and into HBL.

On this milestone, Mr. Nauman Dar, President and CEO of HBL stated, “HBL takes pride in this acquisition and we thank the State Bank of Pakistan, the Barclays Staff and the Customers for their cooperation”, Mr. Dar continued by welcoming the Barclays customers and staff to the HBL family.