HBL President announces the launch of HBL CreditCard

November 27, 2007

HBL, comprising Pakistan’s largest banking network, recently launched the HBL CreditCard. This marks HBL’s latest addition to a series of new initiatives aimed at adding value for the nation’s consumers.

Announcing the launch of HBL CreditCard, the bank’s President, Mr. Zakir Mahmood, said “As Pakistan’s largest private bank, HBL strives to play an instrumental role in the country’s development, especially its financial market. HBL CreditCard is a part of this effort.”

Mr. Abid Sattar, Group Executive, Retail & Consumer Banking, HBL, stated, “We intend to provide the country’s most powerful card to every segment of the society, spanning the entire nation. We shall expand the credit card market through our huge branch network, state-of-the-art technology and exemplary customer service.”

HBL aims to grow the stagnated credit card market in Pakistan by offering convenience, flexibility, security and opportunity to the nation’s consumers. Available in Green and Gold formats, HBL CreditCard is accepted at more than 24 million merchants worldwide.

Among numerous features offered, “Lower rate every year” is one of the unique features of HBL CreditCard. Under this feature, customers will be rewarded through a reduction in the rate of service charges at the end of each year if they pay their regular bills on time. Other features offered by HBL CreditCard include E-statements, SMS Alerts, Statement by Fax, Balance Transfer Facility and Revolving Credit Facility.