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HBL doubles Q1 profit to Rs14.5bn

22 April 2021

Habib Bank Ltd (HBL) declared a consolidated profit of Rs14.5 billion for Q1, 2021, doubling it from the same period last year. Muhammad Aurangzeb, President and CEO of HBL, said on the bank's performance: "The bank’s growth momentum continues in the new year with all activity drivers showing an upward trajectory." HBL had extended its "international footprint" and became the first Pakistani bank to open a branch in Beijing. HBL Beijing has become HBL’s second branch and its managing branch in China. The bank also supports the government's vision of providing affordable housing units to underserved segments of society.