Group Executive (Retail Banking) and member Managing Committee of HBL, Abid Sattar has said that the privatisation in Banking sector is yielding positive impact for promoting healthy competition among the Banks.
Talking to newsmen after inauguration of new HBL branch at West Canal Road, he said that more than 200 ATMs were working in the country, while more 120 ATMs, including eight in Faisalabad would also be installed within next couple of months in the country. HBL believes in deploying capital and human resources to achieve the highest standards, he said.
He said that implementation of the state of the art technology banking software MISYS was underway throughout the branch networking. With the completion of its deployment at 1450 branches, HBL would be able to offer a wider range of modern banking facilities especially online banking. He said that more than 100 branches would be up-graded within next six months.
Abid Sattar said the HBL was one of the few banking institutions of the country, which had the financial strength and resources of sorts to offer their customers every level of credit, treasury management and investment banking services besides traditional banking products.
He said that the HBL had provided Rs 20 million loans to Agriculture sector in Faisalabad, while offered a fully integrated corporate and investment banking platform to large corporate clients with need-based capital raising, foreign currency trading, derivatives and other risk management products.
Lauding the location of the new branch, he said it would cater to the future needs of this emerging posh business center of Faisalabad. On this occasion, HBL Regional Chief Executive, Badarud Din Qazi said that HBL was gradually widening its ATM network to 16 in Faisalabad Region.
Mentioning the reason for selecting this location for new HBL branch, he said it would get maximum business because of it's presence in this emerging commercial center.