HBL celebrates 50 years in Bangladesh

Business Recorder reported that Habib Bank Ltd (HBL) is marking 50 years in Bangladesh, having started operations there in 1976. The bank says it has expanded together with customers, backing commerce, investment and financial flows. Regulators and senior executives joined clients at a ceremony in Dhaka.

Among the guests were Sultan Ali Allana, Chairman, Muhammad Nassir Salim, President and CEO, Farhan Talib, Head International, and Alamgir Morshed, Country Manager Bangladesh. The report describes Bangladesh as a key market within HBL's regional network, which spans South Asia, China, the Middle East and Africa. The bank presents its role as connecting businesses and capital along trade corridors in the region.

HBL Bangladesh has begun offering account services in RMB/CNY (Renminbi) to clients. The bank is one of only three South Asian and MENA-region lenders able to provide end-to-end RMB intermediation in China, which it says allows direct engagement with large state-owned enterprises and major Chinese lenders. The report also notes Bangladesh is focusing on foreign investment and trade growth along the China, Middle East and South Asia corridor.