hbz

Name of Bank

HBZ Bank Limited

Who owns the Bank?

HBZ Bank Limited is a wholly owned subsidiary of Habib Bank AG Zurich, which is incorporated in Switzerland.

Core Business

HBZ Bank Limited represents the first major investment in South Africa by a Swiss based Banking Group. The Bank was launched in South Africa in 1995 and it currently operates branches in Kwa-Zulu Natal and Gauteng.

The Bank offers a wide range of banking products and services including, trade finance, business banking, foreign currency services and internet banking, all at highly competitive rates. In 2005, HBZ launched its Islamic Banking Branch, offering Shariah-compliant banking services to the South African market. Murabaha, Diminishing Musharaka, Islamic cheque accounts and Islamic Forward Exchange products are just some of the innovative products offered by the Islamic Division.

Target Market

HBZ Bank’s target market is the Small to Medium Businesses (SMEs) operating in South Africa.

Core values or differentiators

Customer centricity is a cornerstone of the HBZ culture and products and services are designed specifically to meet changing client needs. HBZ offers a client experience that is second to none. The tone is set at the top and this philosophy of exceptional client service is practiced by the Bank’s Chairman, Mr Muhammad Habib himself.

Senior Management are accessible to clients 24/7 and “face to face” client interaction is always the preferred style of banking. HBZ’s pledge of “Service with Security” has stood the test of time and continues to build strong bonds and trust, supported by the integrity and humility that sustains its core values.

 Key to HBZ’s success, is its ability to build strong relationships that span generations.

Is there a key product or initiative you wish to highlight?

 During 2016, HBZ will launch its debit card product that will incorporate innovative security measures.

International links

Today, the Bank is a global player, rated in the Top 1000 Banks in the world by ‘The Banker” magazine, with Habib Bank AG Zurich, ranked as 5th in Switzerland for soundness.

The bank’s operation now spans over 4 continents, with branches in Pakistan, the UK, Switzerland, Hong Kong, the UAE, Isle of Man, Canada, Kenya and South Africa.

Name/s of the CEO and/or chair

Chief Executive Officer: Zafar Alam Khan

Chairman of the Board: Muhammad H Habib

Website

www.hbzbank.co.za

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© The Banking Association South Africa 2017