Expanding network: HabibMetro penetrates 21 new cities

Habib Metropolitan Bank has opened 29 new branches in the current calendar year.

KARACHI: Habib Metropolitan Bank is continuing to expand its footprint as it has opened 29 new branches in the current calendar year. With the new branches, the bank has enhanced its outreach to 21 new cities where it did not have physical presence before, says a press release. Now, HabibMetro’s branch network has widened to 212 branches spread over 49 cities across the country. HabibMetro closed the third quarter (July-September) of the year with a pre-tax profit of Rs4.07 billion. “This, in addition to an increase in the deposit base and advances, enabled the bank to further strengthen its financial standing,” it said. The Pakistan Credit Rating Agency (Pacra) has assigned premium long-term and short-term ratings of “AA+” and “A1+” respectively to the bank for the 13th consecutive year.

Published in The Express Tribune, November 6^th, 2013.

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