HBL and Shell Pakistan Sign Cash Management Agreement

Karachi, September 20, 2011: Habib Bank Limited (HBL) signed an agreement with Shell Pakistan Limited (SPL) to offer cash management solutions including collection of their sales proceeds throughout Pakistan.

Shell is a global group of energy and petrochemical companies involved in converting crude oil into a range of refined products marketed around the world. SPL is one of the oldest multinational companies in the country and a leader in oil marketing in Pakistan. 

The agreement was signed at a ceremony at the landmark HBL Plaza, Habib Bank Limited’s global headquarters in Karachi. Mr. Rafi Basheer, Chief Financial Officer and Director and Mr. Farooq Barkat, Deputy Controller

signed the agreement on behalf of Shell Pakistan while Mr. Aamir Irshad, Head of Corporate Banking and Ms. Syeda Tabinda Kazmi, Head of Cash Management signed on behalf of HBL. Mr. Nauman K. Dar, Head-Corporate & International Banking, HBL and Mr. Faiq Sadiq, Head-Payment Services, HBL were also present at the ceremony.

With over 1,450 branches, HBL has the largest branch network in Pakistan. The Bank is capable of collecting funds from the remotest parts of the country and providing credit to the centralized customer accounts along with real-time online MIS reporting and dedicated customer support.

“HBL’s extensive branch network gives it a unique ability to offer an enhanced level of real time cash management services to its clients.”, said Aamir Irshad, HBL’s Corporate Banking Head. “HBL and Shell have been working closely on tailoring a seamless end to end cash management solution targeting Shell’s requirements across the country, and the formalizing of this arrangement will further deepen the existing strong relationship between the two institutions.”, added Aamir.

About HBL : With over 1,450 domestic branches, HBL has the largest banking network in the country. HBL’s presence in 25 countries gives it the largest international presence among Pakistani banks. The Bank also enjoys a strong leadership position in the Corporate Banking sector. HBL caters to people from all walks of life and its dedication to the customer base is evinced in the successful nurturing of over 5 million relationships.