Habib Bank AG Zurich
Origin of Habib Bank AG Zurich
The Habib family founded Habib Bank AG Zurich in 1967. The bank is privately owned. Since 1921 the family has been involved in banking. The bank has branches and subsidiaries in Canada, Hong Kong, UK, UAE, South Africa, Pakistan, and Kenya. The bank has no ties, legally or has any ownership or any direct or indirect affiliation with HBL, a Pakistan financial institution, which was negatively in the press recently. The long tradition of HBZ gives the bank an excellent reputation. The HBZ group is managed out of Zurich. In 2017 HBZ could celebrate its 50th anniversary. HBZ employs 5’211 people with 31 different nationalities and conducts its business in eight countries and four different continents.
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Philosophy and Strategy
The vision of Habib Bank AG Zurich (HBZ) is apparently to be one of the most respected banks. This respect is based on commitment, service, and trust. Habib Bank Zurich has a very conservative approach and has a high-quality service. HBZ commits to value-oriented management and responsibility. A one-to-one focus with the client is essential for the bank. The strategy plan 2013-2020 focuses on providing new products to the clients and to further expand the branch network.
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Services and Solutions
HBZ is involved in wealth management, retail banking, commercial banking, trade finance, and Islamic banking. For businesses, HBZ offers a wide range of products, like trade finance, business expansion, and working capital management. The bank is a specialist for small and medium companies as well as owner-operated businesses. The personal banking division offers the clients a considerable amount of different services and products, especially for the client’s investment horizon and investment needs.
The products range from different account types to loans and foreign exchange services and investment products. The wealth management of Habib Bank Zurich AG can enjoy a long tradition. The focus is on wealth preservation and offers a highly personalized service. In a continually changing environment, it is vital to find the right solutions and to maximize the profits while having a strict risk control.
The bank offers managed or non-managed portfolios. The products offered are structured products, hedge funds and private equity funds, trust formations, options, fiduciary deposits, market research, commodities, equities, Lombard loans, fixed income & Islamic Sukuk’s and ETFs. HBZ as an extensive correspondent banking network. The client can access the system freely on four different continents.
The bank has even a relationship with the smallest banks in countries like India, Pakistan, Bangladesh, Sri Lanka and Turkey. All trade finance & cash management products are available like letters of credit, trust receipts, and payments or bill for collection. The dedicated group center is in Dubai. Unfunded products include LC advising, LC confirmation and letter of guarantees. Funded products are trade advances and bank risk discounting.
Risk Management
The cornerstone for risk management is the Risk & Control Framework of the group. It identifies, manages and assesses the risk within the group. The Board of Director is responsible for the overall risk. On the operational level, the bank has three levels of monitoring the danger. These levels work independently from each other. Risk controlling, risk management oversight and business and revenue generation.
HBZ has a very conservative risk management approach. A high degree of discipline is put on the lending policy. The different risks are the credit risk, the liquidity risk, the operational risk, the market risk, the systematic risk, the reputation risk and the legal and compliance risk.
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Added-Value Services
Habib Bank Zurich put great emphasis to enhance its IT infrastructure and to implement risk-reducing solutions. SIRAT, the Sharia-compliant banking brand was a big success and was globally launched in 2017 in Dubai. HBZ has an award-winning E-Banking platform. All the services can be accessed through the platform. Habib Bank Zurich AG offers an electronic trading and executions services.
The bank is known for fast execution, competitive pricing, and real-time quotes. Habib Bank Zurich AG provides a quarterly investment report. The Bankers magazine named HBZ the 4th soundest bank in Switzerland in 2016. The technological expansion began in 1994 when Reza S. Habib started to replace several IT systems and integrate the retail and commercial business in one platform. This platform is call hPLUS and received over the years several performance and service awards.
Habib Bank AG Zurich – Facts & Figures
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| Address | Weinbergstrasse 59, 8042 Zurich |
|---|---|
| Phone | +41 44 269 45 00 |
| Website | www.habibbank.com |
| Year of foundation | 1967 |
| Subsidiaries | 494 |
| No. of employees | 6’801 |
| Rating | – |
| Chairman | Muhammad H. Habib |
| CEO | Mohamedali R. Habib |
| Eligible Regulatory Capital | 1.230 bn CHF |
| Tier 1 Ratio | 16.30 % |
| Leverage Exposure | 14.085 bn CHF |
| Leverage Ratio | 8.20 % |
| Liquidity Coverage Ratio | 162 % |
| Risk Weighted Assets | 7.110 bn CHF |
| Loans outstanding | 4.058 bn CHF |
| Assets under Management | – |
| Assets under Management / Employees | – |
| Net profit | 112.7 m CHF |
| Net Profit / Employees | 16’571 CHF |
| Cost / Income Cost Ratio (CIR) | 60.11 % |
| Return on Equity | 9.10 % |
| Own structured products | No |
| Foreigners accepted | Yes |
| Presence abroad | UAE, UK, Kenya, Pakistan, South Africa, Canada, Isle of Man, Hong Kong |
Source: Annual Report 2021
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