HBL becomes first Pakistani bank to have branches in China and Gwadar

HBL has set up its first branch in the Gwadar Free Zone on January 29, becoming the only bank in Pakistan to have its branches in Gwadar as well as China.

HBL Acting President and CEO Rayomond Kotwal alongside Chinese Ambassador to Pakistan Yao Jing and China Overseas Port Holding Company Ltd Chairman Zhang Baozhong inaugurated the branch.

Speaking at the occasion, Mr. Kotwal took pride in playing a leading role for opening new avenues of business, trade and investment between Pakistan and China.

“HBL stands proud as it becomes first bank with branches in Gwadar as well as China. We are honoured to be playing a leading role in support of China-Pakistan Economic Corridor (CPEC),” Kotwal said.

Last year, HBL had become the first Pakistani bank to open a branch in China. The branch was opened in Urumqi – a city with enormous potential. HBL was also the first Pakistani bank to offer CNY accounts to its customers in Pakistan.

HBL offers a comprehensive product range covering corporate and individual customers, including financing, trade-based facilities, guarantees, remittances, loans, debit and credit cards and much more. 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.