Habib Metropolitan Bank Limited has approved a capital increase of Rs. 700 million for its wholly owned subsidiaries, aiming to ensure smooth operations and strengthen business activities.
The decision, taken by the bank’s Board of Directors on February 12, focuses on enhancing the capital base of its exchange and financial services arms.
The bank approved an increase in the capital of HabibMetro Exchange Services Limited from Rs. 1,000 million to Rs. 1,500 million, reflecting an additional allocation of Rs. 500 million.
At the same time, the authorized and paid-up capital of Habib Metropolitan Financial Services Limited has been increased from Rs. 300 million to Rs. 500 million, indicating an additional increase of Rs. 200 million.
According to the disclosure submitted to the Pakistan Stock Exchange, the capital enhancement is intended to support operational continuity and expansion of the subsidiaries’ business activities. Both entities are fully owned by the bank and operate in exchange services and financial services segments, respectively.
Habib Metropolitan Bank, incorporated in Pakistan in 1992, operates as a subsidiary of Habib Bank AG Zurich, Switzerland, and continues to expand its presence across multiple segments of the financial sector