Habib Bank Limited – Ratings Affirmed

Ref: P K 0 0 5 2 3 CRA00- 01 27 Sept ember 202 4

Habib Bank Limited – Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating ( LT FCR ) and Short -Term Foreign Currency Rating ( ST FCR ) of Habib Bank Limited (HBL) at ‘C+’ and ‘C’ , respectively. At the same time, CI Ratings has affirmed HBL’s Bank Standalone Rating ( BSR ) of ‘c’ and Core Financial Strength ( CFS ) rating of ‘b+’. The Outlook for all ratings is Stable.

HBL’s LT FCR is constrained by CI’s internal assessment of sovereign credit risk for Pakistan. The Bank has a leading market position in Pakistan, ranking first in terms of revenue and net profit, together with a large and stable domestic customer deposit base, the latter the largest in Pakistan.

The BSR of ‘c’ (CI does not append ‘+/-‘…