HBL Bank UK

HBL Bank UK review, information and more

Habib Bank HBL
Reader Rating1 Vote
5

Last updated: August, 2020

About HBL Bank UK

Habib Bank Limited was founded in Pakistan in 1947 and was the first branch established in that country. The first UK branch was opened in 1961. Habib Bank is now the largest in Pakistan and operates in more than 20 countries.

The UK arm of Habib Bank Limited was merged with Allied Bank Limited in 2001 and renamed Habib Bank UK. In 2011, the new company acquired Habibsons Bank Limited in 2011 but continued to operate as distinct companies until 2014, when operations were merged. As of December 2018, the company has traded as HBL Bank UK.

HBL Bank UK Products and Services

HBL UK works primarily with South Asian communities resident in Europe. The bank has nine UK branches, plus additional branches in the Netherlands and Switzerland.

Personal banking customers can open current, savings or fixed-term deposit accounts. They can also send remittances to Pakistan, Nepal and Bangladesh. Safety deposit boxes are available in the Southall, Leicester, Whitechapel and Portman Street branches.

HBL also caters to high net worth individuals looking to invest in markets that offer high returns. Products and services on offer include:

  • Fixed income bonds
  • Global equities
  • Foreign exchange (spot and forward)
  • Precious metals
  • Mutual funds
  • Structured finance
  • Shari’a compliant services

HBL’s business banking customers can choose from a comprehensive range of products and services. These can be tailored to the specific short and long-term goals of the business. Available products include a business current account, term deposit account, overdrafts, commercial loans, foreign currency exchange, money markets and import/export trade finance. Business customers can take advantage of HBL’s network of correspondent banks to trade in either GBP or another offered foreign currency.

HBL Bank UK Security

HBL is authorized by the Prudential Regulation Authority (PRA) and regulated by the PRA and Financial Conduct Authority (FCA). Eligible deposits of up to £85,000 are covered by the Financial Services Compensation Scheme (FSCS).

Habibsons Bank Contact Details

9-11 Portman St
Mayfair
London
W1H 6DZ

Telephone: 020 7895 1100

Email: [email protected]

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