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05 May

HBL’s target market is not just limited to customers in Pakistan and China but it aims to market CPEC opportunities across borders using its international reach and customer base.As a bank that is an integral part of Pakistan’s fabric, HBL aspires to contribute to economic development in Pakistan, and looks forward to enriching the lives of its customers with its commitment to banking excellence.Fees and Commissions rose by 8% to Rs 18.7 billion with new records being set in Bancassurance, investment banking and consumer finance.Trade, remittances and general banking related fees continued to make significant contributions to fee income.HBL today declared a consolidated profit after tax of Rs 34.2 billion for the full year 2016, with earnings per share of Rs 23.23.

The Bank was thus able to grow net interest income by 5% to Rs 82.0 billion for 2016.HBL has submitted the requisite application to the State Bank of Pakistan in this regard. Aurangzeb is a respected and seasoned banker with more than 30 years of diverse experience with leading global banks in Pakistan and overseas.He is currently the CEO Global Corporate Bank, Asia Pacific at JP Morgan.HBL’s growth trajectory remains robust, with stable profitability and adequate reserves of liquidity and capital. The meeting was also attended by Nauman Dar, President & CEO, HBL and senior management of both banks.As Pakistan’s national institution, HBL is conscious of its responsibility towards the development of the country and is well positioned to participate in infrastructure development activities under the CPEC, while providing increasing levels of service and innovative products to its valued customers within a strong governance framework. Bank of China is the fourth largest bank in the world with assets exceeding US$ 2.6 trillion and HBL is the largest bank in Pakistan with assets of US$ 22.7 Billion.