What us the largest and oldest commercial bank in Pakistan?
- Standard Chartered
- Citibank
- Bank of Punjab
- HBL
Explanation
Habib Bank Limited (HBL) is identified as the largest and oldest commercial bank in Pakistan
Habib Bank Limited is a Pakistani multinational bank.
HBL was founded in 1940 by the Habib family.
HBL became Pakistan's first commercial bank.
In 1951 it opened its first international branch in Colombo, Sri Lanka.
The Government nationalized the bank in 1974 and privatized it in 2003.
In 2003 the Aga Khan Fund for Economic Development acquired a controlling share.
HBL major shareholding lies with the Aga Khan Fund for Economic Development (AKFED) which is based in Geneva, Switzerland.
As of 2018, HBL has 1700+ branches with presence in over 25 countries spanning four continents.
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