Awards for Excellence 2022: Best bank in Pakistan – HBL
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
AwardsAwards for Excellence

Awards for Excellence 2022: Best bank in Pakistan – HBL



Best Bank: HBL

HBL enjoyed its strongest-ever performance in 2021, and, by extension, the strongest performance in Pakistan. Its Rs62 billion ($351.2 million at the time) consolidated pre-tax profit for the year represented 17% year-on-year growth. After-tax profit of $201.1 million equivalent was also a record. It became the first bank to achieve a Rs4 trillion balance sheet – Rs4.3 trillion by the end of the year, up 12% in 12 months – while total deposits at Rs3.4 trillion were up 19%.

Alongside all of this, expenses remained steady and asset quality improved; HBL uses a metric it calls the infection ratio, and its current level of 5.1% is an all-time low. Chief executive Muhammad Aurangzeb is delivering.

Muhammad Aurangzeb, HBL

Several engines drove all this: a vibrant year in consumer banking, digital momentum, record volumes in cash management, and a 20% growth in the farmer financing portfolio.


Gift this article