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Home Pakistan Tech News HBL Wins ‘Asia's Best Bank Transformation 2020’ Award By Euromoney

HBL Wins ‘Asia’s Best Bank Transformation 2020’ Award By Euromoney

Euromoney awards HBL the twin accolades of Asia’s Best Bank Transformation 2020 and Pakistan’s Best Bank 2020 for an additional 12 months working. Key components that helped HBL win these awards had been HBL’s work within the sphere of digitalization and the Bank’s rising presence in China and its enterprise initiatives with Chinese language corporates and monetary establishments.

Lading the transformation:

  • HBL digitally disbursed greater than USD 750 million (PKR 125 Billion) to over 10 million Pakistani households, beneath the Authorities of Pakistan’s Ehsaas Emergency Money Programme for COVID-19 aid.
  • HBL is a regional banking powerhouse, with department presence in China and a management function within the CPEC tasks.

Commenting on the award, Muhammad Aurangzeb, President & CEO, HBL stated, “This accolade displays the strides HBL has made in its pivot in direction of turning into a ‘technology company with a banking license’. HBL’s digital banking platform, HBL Konnect, has over four million prospects of whom 25% are ladies, thus driving the nation’s and the Bank’s Monetary Inclusion agenda.

“HBL and Authorities of Pakistan joined forces to allow the supply of the ‘Ehsaas’ Emergency Money program as a part of the COVID-19 aid efforts. A outstanding Public-Personal partnership, HBL disbursed over USD 750 million to greater than 10 Million Pakistani households by means of HBL Konnect,” he added.

Mr. Aurangzeb additional stated, “Internationally, HBL is the first Pakistani bank and one of the only three banks from the South Asia and MENA region to offer end-to-end RMB intermediation with a Branch presence in Urumqi and soon to open a branch in Beijing.”

“As the largest executor of CPEC related financing, China is going to be the linchpin of our Regional Bank strategy, not only in terms of our business book in China, but also if China wants to take their Belt and Road Initiative either through our branch network or our affiliates, to the regions where HBL has presence,” he shared.

Euromoney is a worldwide English-language publication centered on enterprise and finance.

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