The Annual General Meeting of Bank AL-Habib was held at its Registered Office in Multan on Thursday. The shareholders approved the Annual Accounts for the year ended December 31, 2008. The payment of 12.5 percent Cash Dividend (Final) and the issue of 27.5 percent Bonus Shares was also approved.
Deposits of the Bank as on December 31, 2008 were Rs 144.4 billion and profit before tax was Rs 3.579 billion. The Bank has a branch network of 229 branches, which include four Islamic Banking branches spread across 70 cities and towns of Pakistan and a branch in the Kingdom of Bahrain.
AL-Habib provides full range of banking services to its customers including Online Banking, Tele-banking, ATM/Debit Cards, Consumer Banking, etc. During the year, the Bank introduced Young Savers Account to promote habit of saving for young Pakistanis.-PR