HBZ Bank Limited

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About Us

Habib Bank AG Zurich was established in Switzerland in 1967, and has grown into a global institution with a presence in 11 countries spanning across four continents. Over the past six decades, we have expanded internationally, combining modern technology with timeless values.

Habib Bank AG Zurich has a head office in Zurich, and operates with branches in Kenya and the United Arab Emirates. It has subsidiaries in Canada, Hong Kong, Pakistan, South Africa, and the United Kingdom, and representative offices in Bangladesh, China, Hong Kong, Pakistan, and Türkiye.

Habib Bank AG Zurich’s commitment to global expansion led to a significant milestone in South Africa with a R50 million investment, marking the Group’s inaugural venture in the country. Since its establishment in 1995, HBZ Bank Limited has developed a substantial footprint in South Africa, particularly in Kwa-Zulu Natal and Gauteng.

As a wholly-owned subsidiary of Habib Bank AG Zurich, HBZ Bank Limited upholds Swiss traditions, ensuring our customers receive the highest standards of service. As a local commercial bank, we adhere to South African regulations and the Reserve Bank’s guidelines  while maintaining Swiss Banking standards of confidentiality and exceptional service.

Core Values

Trust

Trust is at the heart of everything we do. We prioritise transparency and reliability in our interactions with clients and colleagues, ensuring trust remains the cornerstone of our relationships.

Integrity

Upholding the highest ethical standards is non-negotiable for us. With honesty and integrity as guiding principles, we ensure that our actions and decisions are always in the best interest of our clients and the organisation.

Respect

We believe in treating everyone with dignity and respect, fostering a culture of inclusivity and understanding. We encourage collaboration and creativity by valuing diverse perspectives and creating a respectful environment.

Responsibility

We take responsibility for the impact of our actions on all stakeholders, from clients to the broader community. By practicing responsible business practices, we strive to make a positive difference in the lives of those we serve and the world around us.

Commitment

Our dedication to excellence drives us to deliver consistent and exceptional service. We remain steadfast in our commitment to meeting clients’ needs and exceeding their expectations with unwavering dedication.

Teamwork

Collaboration is the key to our success. We promote a strong sense of teamwork, where each individual’s unique strengths and expertise contribute to collective achievements, enabling us to overcome challenges together.

49 years heritage & profitability

8 Branches

475+ employees 20+ nationalities

Supporting 9,800+ Businesses

Growing Together

Swiss lineage, committed to UAE

Our History

1878

Habib Esmail, the visionary who laid the foundation of what would later become Habib Bank AG Zurich, was born in Bombay, India.

1891​

At the age of 13, Habib Esmail joined his uncle’s business, Khoja Mithabani Nathoo. Hard work and leadership qualities led him to become the President of the Copper and Brass Merchants Association.

1904

Mahomedali Habib, the third son of Habib Esmail, was born in Bombay.

1912​

Habib Esmail expanded his business to Europe by opening offices in Genoa and Vienna. He also established trade relationships with Japan and China.

1921​

Habib Esmail established Habib & Sons Ltd with his sons, with merchant banking and trade finance as its core operations.

1941

Habib Bank Limited was founded as a public limited company in Bombay, India. It rapidly expanded across major cities in the Subcontinent, becoming the Habib family’s flagship bank.

1947

Following partition, Habib Bank Limited shifted its head office to Karachi, Pakistan. It played an instrumental role in establishing the country’s banking infrastructure.

1952

Habib Bank (Overseas) Limited was born with its first international branch in Mombasa, Kenya. This was followed by other branches in key trading centres, cementing the Bank’s global presence.

1967

Habib Bank AG Zurich (HBZ) was incorporated in Zurich, Switzerland, as an independent bank affiliated with Habib Bank (Overseas) Limited. Hyder Habib, son of Mohamedali Habib, spearheaded its operations.

1974

Habib Bank AG Zurich expanded its international footprint by establishing branches in the UAE and the UK.

1978

Habib Bank AG Zurich began its operations in Kenya while strengthening its presence in the UAE and the UK by opening additional branches.

1979

Habib Bank AG Zurich Finance Limited was incorporated in Hong Kong as a deposit-taking company (DTC), marking its foray into the Asian market.

1982

Habib Bank AG Zurich relocated its head office to 21 Bergstrasse, Zurich, marking a new chapter in its commitment to growth, innovation, and exceptional service.

1989

Habib Bank AG Zurich opened a branch in Pakistan to strengthen its commitment to serving the local market and fostering economic growth.

1993

Habib Bank AG Zurich launched hPLUS, a cutting-edge solution that revolutionised the Bank’s technology and operational systems, setting new industry benchmarks.

1994

Habib Bank AG Zurich moved to its present headquarters at 59 Weinberg Strasse, Zurich, reflecting its ongoing growth and success.

1995

Habib Bank AG Zurich made the first major investment in South Africa by a Swiss banking group.

2000

Habib Bank AG Zurich launched its digital banking platform, showcasing innovation and customer focus. It gained global recognition, ranking in the top 1000 banks and receiving high marks for performance and soundness.

2001

Habib Canadian Bank (HCB) was founded as a subsidiary of Habib Bank AG Zurich, establishing the Bank’s presence in North America.

Habib Bank AG Zurich became the first bank in the Middle East to offer WAP-based banking services.

2004

To meet the growing demand for Sharia-compliant financial services, Habib Bank AG Zurich launched its Islamic Banking services.

2005

Habib Bank AG Zurich won the prestigious ComputerWorld Award in recognition of its advanced banking systems.

HBZ launched HBZtrade, the region’s first online securities trading platform for the US capital markets.

2006

Habib Bank AG Zurich’s Pakistan operations merged with Metropolitan Bank to form Habib Metropolitan Bank (HABIBMETRO).

2012

The year marked a hundred years of international business for the Habib Family & Group.

2013

Habib Bank AG Zurich relocated its UAE Zonal Office and SZR branch to a modern premises at Umm Al Sheif, Sheikh Zayed Road, Dubai, UAE.

2014

The Group launched ‘Sirat’, its Islamic Banking brand, on 14th July, in Pakistan.

2015

Habib Bank AG Zurich Finance Limited was renamed as Habib Bank Zurich (Hong Kong) Limited.

2016

Habib Bank Zurich plc became a subsidiary of Habib Bank AG Zurich.

2017

Habib Bank AG Zurich enhanced its offerings in the UAE by introducing ‘Sirat’ Islamic Banking. HBZ UAE also launched its mobile banking application for seamless on-the-go banking.

Habib Bank AG Zurich celebrated 50th anniversary of its global banking operations, marking half a century of excellence and innovation in serving customers worldwide.

2020

Habib Bank AG Zurich’s representative office in Shanghai commenced operations.

2021

The year marked 100 years of banking for the Habib Group.

2022

Habib Bank AG Zurich opened a branch in Dubai International Finance Centre (DIFC), further strengthening its presence in one of the leading financial hubs of the world.

2023

Habib Bank AG Zurich established a representative office in Türkiye.

2024

Habib Bank AG Zurich celebrates the 50th Anniversary of its banking operations in the UAE and the UK.

Habib Bank AG Zurich and HABIBMETRO Bank celebrate the 10th Anniversary of ‘Sirat’ in Pakistan.

Habib Bank AG Zurich ranked in the Top 1000 Banks Worldwide by The Banker Magazine.

  • 1878

  • 1891​

  • 1904

  • 1912​

  • 1921​

  • 1941

  • 1947

  • 1952

  • 1967

  • 1974

  • 1978

  • 1979

  • 1982

  • 1989

  • 1993

  • 1994

  • 1995

  • 2000

  • 2001

  • 2004

  • 2005

  • 2006

  • 2012

  • 2013

  • 2014

  • 2015

  • 2016

  • 2017

  • 2020

  • 2021

  • 2022

  • 2023

  • 2024

Board Of Directors

Yvette Singh
  • Chairman of the Board
  • Independent Non-Executive Director
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Muhammad H. Habib
  • Non-Executive Director
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Pierre Fourie
  • Chairman of the Audit Committee
  • Independent Non-Executive Director
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Nomavuso Mnxasana
  • Chairman of the Social Ethics & Conduct Committee
  • Independent Non-Executive Director
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Disebo Moephuli
  • Chairman of the Capital Adequacy & Risk Committee
  • Independent Non-Executive Director
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Sharoda Rapeti
  • Chairman of Remuneration Committee
  • Independent Non-Executive Director
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Mohsin Ali Nathani
  • Non-Executive Director
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Anjum Iqbal
  • Executive Director
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Ashley Cameron
  • Executive Director
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Management In South Africa

Ashley Cameron
  • Chief Executive Officer
Zaakir Mitha
  • Chief Financial Officer
  • Executive Committee Member
Farooq Anwar
  • Chief Operating Officer
  • Executive Committee Member
Michelle Sewchuran
  • Head of Compliance
  • Executive Committee Member
Kosheek Maharaj
  • Chief Risk Officer
  • Executive Committee Member

Internal Audit & Corporate

Anisa Maharaj

  • Head of Internal Audit

Thabisile Luthuli

  • Company Secretary & In-Charge Governance Affairs

Branch Management

Muhammad Ali Chaudhry

  • Area Manager / Branch Manager,
  • Rosebank Branch (Gauteng)

Rohinton Lim Meherjina

  • Area Manager / Branch Manager,
  • Durban Branch (KwaZulu-Natal)

Babur Zaidi

  • Area Manager / Branch Manager,
  • Laudium Branch (Tshwane & Limpopo)

Aasif Abba

  • Branch Manager,
  • Fordsburg Branch (Gauteng)

Farhaan Ballim

  • Branch Manager,
  • Lenasia Branch (Gauteng)

Yusuf Shamsoodin

  • Branch Manager,
  • Boksburg Branch (Gauteng)

Ridwan Ismail

  • Branch Manager,
  • Pietermaritzburg Branch (KwaZulu-Natal)

Mohammad Mohsin

  • Branch Manager,
  • Overport Islamic Branch (KwaZulu-Natal)

Sirat Shariah Compliance Team

Mufti Muhammed Ismail Haffejee

  • Shariah Advisor

Mufti Mahmood Suliman

  • Shariah Quality & Assurance Officer

2023 Key Financials

Total Assets – In ZAR “000”

Annual Report 2023

Total Capital & Reserves – In ZAR “000”

Annual Report 2023

Total Loans And Advances – In ZAR “000”

Annual Report 2023

Customer Deposits – In ZAR “000”

Annual Report 2023

Capital Adequacy Ratio

%

Annual Report 2023

Net Profit For The Year – In ZAR “000”

Annual Report 2023

Cool Number
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Financial Records & Reports

© 2024 HBZ Bank Limited, all rights reserved.

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HBZ Bank Limited is a licensed financial services provider in terms of the Financial Advisory and Intermediary Services Act and a registered credit provider in terms of the National Credit Act, registration number NCRCP8.

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