Group Members :
Abbas Ali ( BM-1474 )
Muhammad Ali ( BM-1473 )
Course :
Commercial Banking Policies
TOPIC :
Comparison Between
Bank AL Habib & Habib Metro Bank
IntroDuction
HabibMetro Bank commenced its commercial-banking operations as Metropolitan Bank in
October 1992; under this name, it remained a highly rated bank till October 2006, when the
Bank merged with Habib Bank AG Zurich’s Pakistan operations. The merged entity was named
Habib Metropolitan Bank Limited.
HabibMetro Bank currently operates with an expanding nationwide network of over 320
branches in more than 90 cities across Pakistan. HabibMetro offers retail, commercial,
consumer and corporate banking solutions to its clientele, in addition to its expertise of trade
finance. The Bank also of provides highly innovative e-Banking and Shariah-compliant Islamic
Banking solutions.
The Pakistan Credit Rating Agency (PACRA) has assigned long-term and short-term ratings of
“AA+” (Double A plus) and “A1+” (A one plus), respectively, to the Bank for 17 consecutive
years. These ratings, being the highest amongst the local sector Private Banks, denote a very
low expectation of credit risk emanating from a strong capacity for timely payment of financial
commitments.
While
Bank AL Habib Limited was incorporated in October 1991 by the grandsons of Habib Esmail and
started operations in January 1992. Although Bank AL Habib commenced operations in 1992, it
embodies the same high standards of integrity, prudence, and trust which have characterized
Habib Family's banking operations in Pakistan and abroad for about 70 years. The bank is
particularly conscious of the trust reposed in it by the depositors, and its prime duty is to
protect and honour this trust all times. Guided by the values taught and practiced by Habib
Esmail more than a century ago, the bank has continued to grow and progress in all areas of its
operations. In a short span of 25 years, the Bank's assets have grown to more than Rs, 750
Billion, with a network of 729 branches and sub-branches, a Wholesale Branch in the Kingdom
of Bahrain, Seychelles and Malaysia and Representative Offices in Dubai, Istanbul, Beijing, China
and Nairobi, Kenya.
HABIB METRO BANK
Vision :
"To Be The Most Respected Financial Institution Based On Trust, Service And
Commitment"
Values :
HabibMetro Bank has a rich history which is infused with the corporate values
that it endorses in its employees. Our core values entail a set of fundamental and
sound beliefs that are in alignment with the way things are done at the
organization on an everyday basis. These values shape our corporate culture and
are integrated into every employee and operations-related process within the
Bank. It is because of the high moral, ethical and behavioral standards maintained
in its banking operations that the Habib brand’s name is synonymous with
unquestionable principles and unparalleled service.
BANK AL HABIB
VISION STATEMENT
TO BE OUR CUSTOMERS' MOST CONVENIENT AND TRUSTED BANK
MISSION STATEMENT
TO MAKE BANKING SAFE, SIMPLE, AND PLEASANT
Functions and Departments Of Bank Al Habib
Departments
Cash Department
Clearing and Remittance Department
Accounts Opening Department
Operations Department
IT Department
Research And Development
Foreign Exchange Department
Credits Department
Trade Department
Account Types and Products
AL Habib Current Account
AL Habib Islamic Aasan Current Account
AL Habib Savings Deposit
AL Habib Tijarat Account
AL Habib Apna Individual Account
AL Habib Islamic Senior Citizens Account
AL Habib Islamic Aasan Saving Account
Services And Functions
01 )
Accepting Deposits at Current , Savings and Fixed Deposits
Some of The Credits , Fixed and Savings Deposits Products are mentioned
PRODUCTS
AL Habib Mahana Munafa Account
1 Year Deposit 10.50% per annum (p.a)
2 Years Deposit 10.60% per annum (p.a)
3 Years Deposit 10.70% per annum (p.a)
4 Years Deposit 10.80% per annum (p.a)
5 Years Deposit 11.00% per annum (p.a)
Al Habib Salana Munafa Account
Minimum investment of Rs. 25,000/-
Profit payout at maturity in customer’s base account
90% financing allowed against deposit
Deposit roll over option available
Premature encashment option available
CURRENT PROFIT RATE 10.55%
Al Habib Monthly Saver Account
Preferential Rate of Profit
No minimum or maximum balance requirement
Profit calculated on monthly average balance
Profit payout on monthly basis
No restrictions on withdrawals
Free Internet and Mobile Banking
Free e statements
SMS alert facility
ATM / Debit Card
Up to 90% financing against deposit
CURRENT PROFIT RATE 9.00 %
Al Habib Senior Citizen Account
No minimum or maximum balance requirement
Profit calculated on monthly average balance
Up to 90% financing against deposit
Free Internet and Mobile banking
Free Pay Orders/Bankers Cheques
Profit payout on monthly basis
No restrictions on withdrawals
Preferential rate of profit
Free Online Banking
Free E statements
ATM / Debit Card
CURRENT PROFIT RATE 9.25 %
Al Habib Special Savers Certificate
Three year Savings Certificate with six monthly payments of profits.
The account can be opened by any;
1. Individual (single or joint) like salaried person, self employed etc.
2. Register Partnership concern.
3. Public & Private Company.
4. Registered trust.
5. Government Body etc.
Minimum Amount required to invest in the certificate is Rs. 25,000.
Profit will be automatically credited to the customer account.
On maturity of the deal customer may opt for automatic roll over at prevailing rate.
Expected Rate of Return on deposits effective December 4, 2018 payable after completion of every six
months. (The rate of profit on deposit schemes are current and subject to change)
Rate of Profit Applicable During:
First Year 9.25% p.a. (1st & 2nd Profit Payment)
Second Year 9.30% p.a. (3rd & 4th Profit Payment)
Third Year 9.50% p.a. (5th & 6th Profit Payment)
If the deposit is en-cashed prematurely, the broken period will be paid at the prevailing Savings Account
Profit Rate without affecting profit paid previously.
Al Habib Term Deposits
Al Habib Cash Finance
Al Habib Running Finance
Al Habib Auto Financing
02 )
Granting Loans And Advances
Also providing short term and long term loans
Also providing Personal Finance , Auto Finance etc
The types of bank loans and advances are
1. Overdraft
2. Cash Credits
3. Loans
4. Discounting Of Bill Of Exchange
03 )
Other Functions such as
Transfer Of Funds
Collection Of Cheques
Periodic Payments
Foreign Exchange Services
Portfolio Management
Other Agency Functions
04 )
Foreign Currency Services and Other related services
Credit Facilities
Locker Facilities
Functions and Departments Of Habib Metro
Bank
Departments
Branch Banking
HR Department
Foreign Exchange Department
Returns and Reconciliation Department
Information Technology Department
Internal Audit Department
Centralized Processing Unit
Services And Functions
01 )
Accepting Deposits at Current , Savings and Fixed Deposits
Some of The Credits , Fixed and Savings Deposits Products are mentioned
Current Indicative Profit Rates
Type of Deposit Tenor Rates per annum
PLS Savings Accounts 8.25% p.a.
SNTD 7 days 8.25% p.a.
30 days & over 8.25% p.a.
Term/Fixed Deposits 1 month 8.25% p.a.
3 months 8.50% p.a.
6 months 8.75% p.a.
1 year 9.00% p.a.
2 years 9.25% p.a.
3 years 9.50% p.a.
4 years 9.75% p.a.
5 years 10.25% p.a.
HABIBMETRO Savings Plus Accounts
Upto Rs.250,000/- Individuals only 8.25% p.a.
Over Rs.250,000/- 8.50% p.a.
HABIBMETRO Privilege 55 Plus Accounts
Flat Rate Individuals only 8.75% p.a.
HABIBMETRO Junior Saver Accounts
Flat Rate Minors only 8.50% p.a.
HABIBMETRO Premium Deposit Scheme
Quarterly Half Yearly
For 1 Year 10.10% p.a. 10.25% p.a.
For 2 Year 10.20% p.a. 10.30% p.a.
For 3 Year 10.35% p.a. 10.50% p.a.
For 4 Year 10.45% p.a. 10.55% p.a.
For 5 Year 10.60% p.a. 10.75% p.a.
HABIBMETRO Multiplier Accounts 8.25% p.a.
HABIBMETRO Izafa Certificate
For 5 years 13.00% p.a
HABIBMETRO Mahana Scheme
For 1 year 10.00% p.a.
For 2 years 10.10% p.a.
For 3 years 10.25% p.a.
For 4 years 10.35% p.a.
For 5 years 10.50% p.a.
HABIBMETRO Asaan Account-Saving 8.25% p.a.
Foreign Currency Saving Plus
HABIBMETRO Foreign Currency Saving Plus & Tiers Profit Rates
Junior Savers ($, £, €)
Below 10,000/- 0.25% p.a
From 10,000/- to 50,000/- 0.50% p.a
Above 50,001/- 0.75% p.a
2)
E-Services Such As
Web Banking
With HABIBMETRO Web Banking service, now you can access your Bank account 24/7 anytime,
anywhere
Account Balance update
Debit/credit advice
Internal fund transfer
Inter bank fund transfer
Utility bill payments services
Mobile Top-Up
Temporary card blocking
Cheque stop payments
Standing instructions
(within HABIBMETRO
Mobile Banking
An epitome of convenience, the HabibMetro Mobile Banking Application provides you access to
your banking account at your fingertips. With HabibMetro Mobile Application you can conduct
the following transactions/inquiries at a time and place of your choice:
Account Overview / Up to Date Balances
Account Statement
Fund Transfer
Own Account Transfers
Internal Transfers (To Other HabibMetro Accounts)
Inter Bank Funds Transfers (IBFT)
Transfer through QR Code
Payments
Utility Bill Payments
Mobile Top Ups
E-Commerce Payment for
Jazz Cash Vouchers
daraz.pk
Card Management
Registered Cards List
Disable Card (Warm Mark)
Online Transactions – ON / OFF
Beneficiary Management
Add / Delete Beneficiaries for
Own Account Transfers
Internal Transfers (To Other HabibMetro Accounts)
Inter Bank Funds Transfers (IBFT)
Utility Bill Payments
Mobile Top Ups
Standing Instructions (Schedule Payment)
Schedule Monthly Payments/Transfers for
Own Account Transfers
Internal Transfers (To Other HabibMetro Accounts)
Inter Bank Funds Transfers (IBFT)
Utility Bill Payments
Mobile Top Ups
Reminders
Fund Transfer Reminders
Bill Payment Reminders
Personalization
Password Management
Quick PIN Management
Biometric Management
About Us
Product Information
ATM & Branch Locator
Discount Offers
Security Guidelines
Frequently Asked Questions (FAQs)
SMS Banking
An easy-to-use service that facilitates HABIBMETRO customers to access their accounts from the
locations of their preference and need.
Facilities
TRANSACTION MESSAGE FORMAT*
Balance Inquiry Balance
Mini Statement MS
Inward Cheque Status ChqIn
Outward Cheque Status ChqOut
E-Statements
Through this facility, you can get your account statements delivered electronically at your
designated email address, in a secure manner.
03 )
Corporate and Trade Finance
HABIBMETRO Bank’s Corporate Banking teams pan-Pakistan, solicit and service
large portfolio customers, leading local business groups and other corporations.
As a leading bank in trade finance, HABIBMETRO offers a full range of trade
finance products and services to customers. In addition to its footprint across
Pakistan, the Bank taps into its expansive network of corresponding banking
arrangements globally, to offer the most efficacious financial solutions.
Corporate Banking offers short and long-term working capital finance, along with
other financing facilities/services which include:
Facilities
Term Loans
Letters of Guarantees and Standby Letters of Credit
Letters of Credit
Bill Discounting
Working Capital Facilities
Export Financing
Foreign Remittances
04 ) GLOBAL REMITTANCE AND INTERNATONAL TRADE
Global Remittance
Global
remittance facility is available through our extensive correspondent
Bank network.
International Trade
HABIBMETRO Bank’s dedicated Financial Institution Division (FID) team manages
correspondent relationships and ensures provision of complete banking solutions
to our correspondents around the world. We currently operate with a network of
over 500 correspondent Banks to ensure seamless trade finance services for our
customers.
Our NOSTRO accounts in USD, EURO and other major currencies allow quick and
reliable payment options. Moreover, we also have VOSTRO accounts of
Bangladesh & Sri Lanka Banks and a state-of-the-art Centralized Processing Unit
with for efficient trade operations. For complete list of Nostro Accounts [Click
Here].
GLOBAL TRADE FINANCE FACILITY (GTFP)
INTERNATIONAL FINANCE CORPORATION (IFC)
HABIBMETRO Bank was the first Bank in Pakistan to join the Global Trade Finance
Program (GTFP) of International Finance Corporation (IFC). By virtue of our joining
the GTFP, our Bank is now listed in a panel of prominent Banks in 70 countries.
Through this program, IFC extends guarantees on our behalf, which enables us to
globally expand our trade business.
TRADE FINANCE FACILITATION PROGRAM (TFFP)
ASIAN DEVELOPMENT BANK (ADB)
HABIBMETRO Bank is a member of the Trade Finance Facilitation Program (TFFP)
of Asian Development Bank (ADB). Asian Development Bank presented
HABIBMETRO with the it’s ‘Leading Partner In Pakistan’ award for two
consecutive years, in 2015 and 2016. In 2016, the ADB also presented
HABIBMETRO Bank with a ‘Leading SME Trade Bank’ award. In 2017,
HABIBMETRO won the ‘Best SME Trade Deal‘ award on this platform.
FX & TRADE SERVICES
Documentary Collections
Documentary Credits
Import Letters of Credit
Advising of Export Letters of Credit
Guarantees and Standby Letters of Credit
Inward / Outward Foreign Remittances
Foreign Bills Purchased – Negotiation/Discounting
Structured Trade Financing
Pre and Post Shipment Export Financing (PKR and USD based)
Import Financing (PKR and USD based)
