Material Information of Habib Metropolitan Bank Limited

Material Information

Karachi, Habib Metropolitan Bank Limited informed Pakistan Stock Exchange that Mr. Mohsin Nathani has been appointed as President and Chief Executive Officer of the Bank in place of Mr. Sirajuddin Aziz who has been elevated to another assignment within the Group. Mr. Nathani will assume charge, subject to SBP approval, during 2nd quarter of 2018.

Habib Metropolitan Bank Limited is a bank incorporated in Pakistan on August 3, 1992 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The bank is engaged in commercial banking and related services. The Bank operates in 174 branches, including 6 Islamic banking branches and 40 sub branches in Pakistan. The bank is a subsidiary of Habib Bank AG Zurich – Switzerland which holds 51% shares in the bank which is incorporated in Switzerland. The shares of the bank are quoted on the Karachi Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is situated at Karachi.

The symbol “HMB” is being used by the stock exchanges for the shares of Habib Metropolitan Bank Limited.