Habib Bank Limited doing business as HBL is a Karachi based multinational bank. It is the largest bank by assets in Pakistan.Founded in 1941, HBL became Pakistan's first commercial bank. In 1951 it opened its first international branch in Colombo, Sri Lanka. In 1972 the bank moved its headquarters to the Habib Bank Plaza, which became the tallest building in South Asia at the time. The Government nationalised the bank in 1974 and privatized it in 2003; at that time the Aga Khan Fund for Economic Development acquired a controlling share.As of 2018, HBL has more than 1750 branches with presence in over 25 countries spanning across four continents. It is the largest company in Pakistan in terms of assets, and has repeatedly ranked top Pakistani company in the Forbes Global 2000.In February 2018, HBL appointed senior banker, Muhammad Aurangzeb as its President & CEO following early retirement of Nauman K. Dar on December 31, 2017.
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