Nauman K Dar has won three years extension to serve Habib Bank Limited again as CEO and President till 2018. Dar first took this charge in 2012 and replaced Zakir Mehmood.
HBL’s board of directors reposed trust in him on his performance and decided to choose him to continue to lead a dedicated team of senior bankers to expand operations of bank in domestic and international markets.
Dar has been a career banker having a wealth of working experience for about 30 years in Pakistan, Europe and Africa. He was heading HBL’s division of International, Corporate and Investment Banking before promoting as top banker at HBL.
From 2012 to 2014, HBL profit rose from Rs 22.3 billion to Rs 31.8 billion
During his three years term, Dar has continued pace of bank’s profitability and expansion in network unabated with supervision of acquisition of Barclays Bank Pls, shares sell-off of the government stakes and major decisions to bring strength in the operation of HBL and its penetration in different sectors.
From 2012 to 2014, HBL profit rose from Rs 22.3 billion to Rs 31.8 billion with double digit growth.
HBL Express, a branchless banking service was introduced whereas HBL’s Islamic Banking Division issued Sukuk worth billion.
The bank witnessed technological advancement in the operation including connectivity of real time branches and launch of online banking to consumers.
HBL has paid off its debts of $50 million to International Finance Corporation (IFC) that was borrowed soon after privatization of bank for the purpose of expansion of services.
HBL had deposits of Rs 1 trillion in August 2014 and doubled them to Rs 2 trillion by end of 2014
Besides, the bank endeavored to increase its shareholding in First Microfinance Bank including acquisition deal of shares in the PICIC Asset Management Company through its subsidiary.
The bank, which achieved a benchmark of achieving deposits of Rs 1 trillion as first in the banking industry in August 2014, multiplied its deposits by 100 percent to Rs 2 trillion by end of 2014.
The branches of network increased to 1,650 from 1,450 in the period of three years which made the bank the largest in terms of its presence locally. In 2014 alone, HBL won five international awards including Pakistan’s Bank of the Year by The Bankers, Safest Bank in Pakistan by Global Finance, Best Bank in Pakistan by Euromoney and etc,.