HBL: Investing in Bangladesh's Future

HBL: Investing in Bangladesh’s Future

As a part of the Aga Khan Fund for HBL is currently rated AAA (long term) decades in the areas of early childhood Economic Development (AKFED), HBL and A-1+ (short term) with “Stable” development, pre-tertiary education and plays an important part in the economic outlook and has a balance sheet size financial services. development of Bangladesh and the of US$ 16.3 billion. It is also the first other countries in which it works. It is Pakistani bank to raise Tier II Capital from The Aga Khan Fund for Economic also Pakistan’s largest bank and has external sources. Development (AKFED), which is the a presence in 24 countries across five majority shareholder in HBL, is also a continents, including Hong Kong, founding shareholder in the Industrial the United Kingdom, the United Arab HBL Bangladesh Promotion and Development Company Emirates and the United States. Key HBL commenced operations in (IPDC), the first private, non-banking areas of operation encompass retail and Bangladesh in 1976. The network financial institution in Bangladesh consumer banking and corporate and now includes seven branches in established in 1981, in partnership investment banking. It also runs SME Bangladesh – five in Dhaka and one with the Government of Bangladesh. and agriculture lending programmes. each in Chittagong and Sylhet. HBL is It remains an important catalyst for continuously updating and growing the industrial development in the country. HBL was the first commercial bank to services available in Bangladesh and be established in Pakistan in 1947. With around the globe, by offering a wide The Aga Khan Foundation (AKF) began a history that is inextricably linked with choice of innovative, convenient and its involvement in the country with a the history of Pakistan itself, HBL was flexible solutions to cater to the demands long relationship with BRAC, one of set up to serve the needs of the country. of its growing customer base. Bangladesh’s leading non-governmental HBL has since become the largest organisations. The relationship private-sector bank in Pakistan with over emphasised rural development, 1,590 branches and more than 1,300 HBL and AKDN microfinance and education. More ATMs servicing more than six million The Aga Khan Development Network recently, AKF and its partners have customers. (AKDN) has worked for over three delivered early childhood education to

AGA KHAN DEVELOPMENT NETWORK www.akdn.org HBL is continuously updating and growing the services available in Bangladesh and around the globe, by offering a wide choice of innovative, convenient and flexible solutions to cater to the demands of its growing customer base.

Country Office nearly 29,000 children and parents in for collaboration in the areas of social, South Avenue Tower, difficult-to-reach places including urban cultural and economic development. 7 Gulshan Avenue (1st Floor) slums and disaster-prone areas. Gulshan -1, Dhaka - 1212 AKDN’s education activities under the Bangladesh AKDN Worldwide Phone: +88 02 9883505 Aga Khan Education Services (AKES) include The Aga Khan School Dhaka, Founded and guided by His Highness Gulshan Branch established in 1988 and considered one the Aga Khan, the AKDN is a group of Phone: +88 02 9884954 of the leading English medium schools Email: [email protected] development agencies with mandates in the country, offering international that include the environment, health, Motijheel Branch quality education to more than 1,200 education, architecture, culture, Phone: +88 02 9563043-45 students. The AKDN is committed to microfinance, rural development, disaster Email: [email protected] enhancing substantially its investments reduction, the promotion of private-sector in the education sector in Bangladesh. enterprise and the revitalisation of historic Uttara Branch Phone: +88 02 8991463 These include a new Aga Khan Academy, cities. They work together to improve the Email: [email protected] to be located in Bashundara, Dhaka, welfare and prospects of people in the encompassing world class facilities and developing world, particularly in Asia and Karwan Bazar Branch international standard education as part Africa, without regard to faith, origin or Phone: +88 02 9140799 of a global network of 18 Academies. Email: [email protected] gender. While each institution pursues its own mandate, they all work together Nayabazar Branch With respect to culture, three Bangladeshi within the overarching framework of the Phone: +88 02 7393165 institutions received the prestigious Aga Network so that their different pursuits Email: [email protected] Khan Award for Architecture, in 1983, interact and reinforce one another. 1989 and 2007. Chittagong Branch Phone: +88 031 634111 The AKDN works in 30 countries around Email: [email protected] On September 16, 2013, the People’s the world. It employs approximately Republic of Bangladesh and the AKDN 80,000 people, the majority of whom Sylhet Branch agreed to intensify cooperation on are based in developing countries. The Phone: +88 0821 718685 improving the quality of life of the people AKDN’s annual budget for non-profit Email: [email protected] of Bangladesh. A Protocol Agreement development activities is approximately signed by His Highness the Aga Khan, US$ 600 million. The project companies Cover photo: HBL commenced operations in founder and chairman of the Aga Khan of the Aga Khan Fund for Economic Bangladesh in 1976. The network now includes Development Network, and the Foreign Development generate revenues of seven branches in Bangladesh – five in Dhaka Minister, Dr Dipu Moni, in the presence approximately US$ 2.3 billion annually, and one each in Chittagong and Sylhet. of Prime Minister Sheikh Hasina, and all surpluses are reinvested in further established an enhanced framework development activities.

The Aga Khan Development Network (AKDN) is a group of private development agencies working to empower communities and individuals, often in disadvantaged circumstances, to improve living conditions and opportunities, especially in Africa and Asia. Its agencies work in over 30 countries for the common good of all citizens, regardless of their gender, origin or religion. Its underlying impulse is the ethic of compassion for the vulnerable in society.