Habib Bank Ltd

South Asia Financial services

Habib Bank, now referred to as HBL, was the first commercial bank established in Pakistan in 1947. Over the years, HBL has maintained its position as the largest private sector bank with over 1,700 branches and 2,000 ATMs globally and a customer base of ten million plus.

Our investment

In 2015, CDC invested $121 million in Habib. In a country where over 20 million people do not have a bank account, our investment will help people on low incomes access financial services.

Since our 2015 investment, the bank became a majority shareholder in First Micro Finance Bank (FMFB).

FMFB serves over 250,000 borrowers – two-thirds in rural areas. CDC’s seat on the Board helps both partners with their ambitious financial inclusion strategy.

Expected impact

There are around three million micro, small or medium sized businesses trading in Pakistan, but as few as 132,000 of them have banking services. This acts as a significant brake on their growth, stifling job creation and economic development.

HBL is providing life-changing financial services like micro-credit so people can build their own businesses, including its 2.4 million female customers.

By bringing millions of women into the banking fold with its women-only banking platform, HBL Nisa, tens of thousands of female micro-entrepreneurs have already benefited from business loans and support for their start-ups.

Environmental and social aspects

We have worked closely with HBL's environmental and social (E&S) performance team, as well as investment teams, to develop and build the bank's E&S capacity and management systems.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

South Asia

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Direct Equity
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

April 2015

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.


This is the investee company’s place of incorporation; or a fund’s jurisdiction.


CDC is becoming British International Investment