Nauman K Dar Reappointed as President and CEO of HBL

The board of directors of Habib Bank Limited has confirmed re-appointment of Mr. Nauman K Dar as President and CEO of HBL. Necessary approvals from State Bank of Pakistan have been received while Dar is rehired at colossal annual package of Rs 66 million (Rs 5.5 million per month) including multiple allowances.

The banking company notification stated that central bank approved a 3 years contract for Mr. Dar, which would be his second term for the post, on the recommendation of board of directors which also rewarded him a furnished home, its maintenance, utilities allowances, medical expenses, insurance coverage and provident fund.

Nouman K Dar
Nouman K Dar

He is also provided with company maintained luxury car as per approval of the board and membership of different clubs.

Dar replaced Zakir Mahmood in 2012 as CEO and President of HBL who was a long-serving chief of bank for almost 12 years.

Dar drew a salary package of Rs 36.84 million in his first year as chief executive in 2013 which was increased by 44 percent in 2014 to Rs 53.178 million in 2014 as per information available on website.

In the last three years, Nouman Dar took successful initiatives to grow profits and business of the bank including introduction of HBL Express, a branchless banking, HBL online banking, Islamic Banking, acquisition of Barclays Bank and Citibank consumer banking division etc,.

HBL witnessed major transition last year as the government sold out its 41.5 percent share in the bank to get $1.02 billion.

The bank’s profit reached to Rs. 48 billion till third quarter of 2015 with balance sheet worth of more than Rs 2 trillion.

The only bad patch of his job as a top banker was the incident of last month in which HBL’s New York branch was found not complying with instructions to stop money-laundering by USA authorities which asked bank’s management to boost up action to stop financial irregularities.

Dar, President & CEO of Habib Bank Limited, is a banker with over 32 years of banking experience. He also serves as Chairman of Habib Finance International Limited, Hong Kong and Chairman of Habib sons Bank Limited, UK. He is also Director of Habib Allied International Bank Plc, UK.

  • HBL is a crap bank. Yesterday, I tried to send 4000 rupees to my friend and they asked 450 rupees extra for that transaction. Would never go to that expensive shithole aka bank again.

    • While other banks like Alfalah and Alhabib asked only 50 RS in other bank and free in any Alhalah and Alhabib bank respectively.

        • Yeah may be.. its a good enough thing except these low class bloody cheap telecos banks whose no one even knows about these banks before easy paisa and mobi cash and upaisa.?
          Do you know what is Tameer Bank, Waseela Bank, Ubank????

          • Tameer for easy paisa ubank for upaisa waseela for mobicash…. These are part of micro finance banking… People only open their accounts in them through telecos branch less banking…. Otherwise there is hardly any need to go for them

  • Extremely annoying bank service.
    1. ATM Debit card swipes often are rejected and interestingly you are charged for that rejected transaction. I am using HBL Mastercard. On top of that I had to make numerous calls to the call centre time and regain for the reversal of this unfair deduction, which is supposed to be automatically reversed within 24 hours if not instantaneously.
    2. Internet banking is worst of its kind. I happen to make 5 failed interbank fund transfers and once again all of those transactions were charged in addition to the interbank-transfer fee as well as the withholding tax. Once again I got caught up with various representatives, complaint numbers and following up my case almost daily.
    3. Ordinary customer care. Every representative happens to use some sugar-coated language and that’s it.

    Only munshi-type (clerical-level) banking e.g. cheques, cash etc. is fine with this so-called largest banking network of Pakistan. Good for munshi-geeri only. I recommend.

      • Thanks brother. I have no idea of Askari as I don’t know anyone in my circle who has ever recommended or used Askari.
        But I have been using SCB as well for the last 4 years and it is way too good and simple when it comes to internet banking.

  • main ne 01august ko muridke branch k atm se Rs.4000 ki transaction ki lekin cash 3000 withdraw hua

  • Very disappointing services being money in hand at bank I was like a beggar at hbl to issue my card and cheque book again as they were snatched… since 22nd march. Was given cheque books yesterday and today they bounce my cheque back that cheque book is inactive… I never had heared such a nonsence before.talki mg about hbl SMCHS branch.. where educated are dealt like this what about uneducated persons.

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