HBL Bank UK’s Post

📺 SHORT: What Makes Cambodia Ideal for Foreign Investments? - Datuk Phan Ying Tong, Oriental Bank Plc. Datuk Phan Ying Tong, Managing Director and CEO of Oriental Bank PLC., details some of the reasons why he thinks Cambodia is the ideal destination for foreign investments. Datuk Phan Ying Tong spoke with B2B Cambodia about this at the official Launch of the Bancassurance Strategic Partnership between Oriental Bank Plc., Forte Insurance (Cambodia) Plc., and Forte Life Insurance (Cambodia) Plc., held on December 12, 2024 at the Hard Rock Cafe Exchange Square. #CambodiaInvestments #ForeignInvestment #OrientalBank #Bancassurance #ForteInsurance #CambodiaEconomy #BusinessOpportunities #B2BCambodia #Partnerships #EconomicGrowth

At a recent media meet-up, HBL Chairman, Mr. Sultan Ali Allana, discussed how the bank is revolutionizing the banking industry by simplifying processes and prioritizing customer needs. He shared his personal journey, expressing gratitude to his mentors who guided him throughout his career. Allana emphasized HBL’s commitment to transforming traditional banking, especially in rural Pakistan, where many people struggle to understand complex forms in English. HBL became the first bank to introduce account opening forms in Urdu, making banking more accessible to a wider population. Allana highlighted HBL’s significant growth, with over 1,600 branches nationwide, and its investment in technology to enhance banking services. He emphasized the importance of merit and how it’s central to HBL’s success. He also discussed HBL’s game-changing initiatives, such as the Konnect app and its microfinance programs, where loans are approved within eight hours and 30% of beneficiaries are women. The bank’s efforts in agriculture, including providing farmers with affordable machinery, were also mentioned, as well as HBL’s recognition by Princeton University for its innovative practices. Concluding, Allana stated that HBL is more than just a bank; it is an integral part of Pakistan’s development and continues to lead with innovation, technology, and inclusivity. . . . . . . . #InitiateMagazine #Initiator #Initiate #HBL #BankingInnovation #FinancialInclusion #TechnologyInBanking #Microfinance #Meritocracy #GenderEquality #AgricultureRevolution #KonnectApp #PakistanBanking #InclusiveBanking #DigitalBanking #CustomerSatisfaction #WomenEmpowerment #TechInvestment #HBLLeadership #FinancialRevolution #BankingTransformation #BusinessGrowth #PakistanBusiness

Pakistan's remittance inflows continue to remain elevated in Dec-2024, clocking in at the US$3.1bn mark, reflecting a 29% YoY increase. Cumulatively, during 1HFY25, overseas Pakistanis sent home a record US$17.8bn (+33% YoY) remittances. To note, remittances over the past ten months have averaged US$3bn/month, a significant increase from the US$2.4bn monthly average seen in FY23 and much of FY24. https://lnkd.in/dCe_gcsU

Expatriates have legally sent remittances to over 4 million unique bKash Limited accounts of their loved ones back home, making cross-border transactions more seamless and reliable. In 2024, expatriates sent 65% more remittances through bKash compared to 2023, playing a vital role in strengthening the nation’s foreign exchange reserves. Currently, expatriates from over 140 countries can transfer remittances through 110 international Money Transfer Operators (MTOs). These funds are instantly settled into recipients’ bKash accounts via 25 leading commercial banks in Bangladesh. Beneficiaries can also withdraw remittances at a minimal cost of Tk 7 per thousand from approximately 2,500 ATMs across 19 leading commercial banks. #bkash #remittance #industrynews #brandupdates #bangladesh #markedium

“Seamlessly navigate NR repatriation with HDFC Bank! 🌍💸 Simplified processes, expert guidance, and a trusted partner to ensure your funds reach home effortlessly. Let us take care of the details while you focus on what matters most. 💼✨ #NRRepatriation #HDFCBank #GlobalBankingSolutions”

It is always pure joy to work with organizations that really care about their employees. Soneri Bank Limited has embarked upon an inspiring journey of empowering its employees with financial literacy to help them lead financially healthy lives. Financial wellbeing of organizational employees is directly linked to their productivity and is a strong aspect of employees overall wellbeing. Globally top companies have adopted financial equity as part of their DEI and sustainability initiatives enabling employees with financial knowledge, and it fills me with pride that a Pakistani organization has taken a lead on this. More power to Soneri Bank for taking initiatives that directly benefit their employees. This independence day, we delivered a financial wellbeing session for the employees of Soneri Bank as part of our continued association to empower Soneri employees with financial literacy. I had a great time delivering this session and share how an individual can achieve #financialazaadi. Under the second phase of National Financial Literacy Program (NFLP II) initiated by the State Bank of Pakistan (SBP), commercial banks in Pakistan are delivering financial literacy for the general public. It is however important to understand that even banking professionals deserve wholistic financial education. At GenMo we are proud to be leading this initiative by partnering with organizations like Soneri Bank. Let's talk about money this independence day and create more awareness around the importance of financial literacy. #FinanciallyAzaadPakistan 🇵🇰 🖤 #financialfreedom #Azaadi #2024 #independenceday #Pakistan #DEI #employeewelness #banks #GenMo #SoneriBank #SBP

Exciting news for Pakistan's financial sector! The Raast-Buna cross-border payments system has officially gone live, showcasing the growing importance of the Pakistani Rupee in regional financial systems. This development highlights Pakistan's position as a key player in the international financial landscape. Read more about it here: [Link to the article](https://lnkd.in/dkCnEcy4) #PakistanFinancialNews #RaastBuna #FinancialSystems #SBP #PakistanRupee 🇵🇰💰

Absa Group, and Standard Bank Group of South Africa Limited, have entered into a partnership with Saudi EXIM Bank to drive trade and exports from Saudi Arabia to South Africa. The agreement was signed last week during the Saudi-South African Business Forum in Johannesburg where these agreements are aimed at deepening economic relations between the two countries. The initiative comes at a time when Saudi Arabia's Commerce Minister Dr. Majid Al-Kassabi visits South Africa. Saudi EXIM has provided a $25 million credit line to Standard Bank to support Saudi non-oil exports to South Africa and other African countries. This arrangement uses Standard Bank's network in over 20 countries to help Saudi exporters access new markets. Absa Bank, operating in more than 10 African countries, will offer financial and insurance solutions to support Saudi trade in Africa. These efforts aim to increase the competitiveness of Saudi exports in local and global markets. #SaudiAfrica #TradeRelations #EconomicPartnership #SaudiEXIM #NonOilExports

Co-op Bank’s subsidiaries continue to shine, contributing significantly to our growth story. Here’s a snapshot of their stellar performances: Co-op Bancassurance Intermediary Ltd: Ksh 682.7 Million Profit Before Tax. 🏆 Leading the way in Bancassurance penetration. Co-operative Bank of South Sudan: Ksh 264.3 Million Profit Before Tax. 🏆 Despite challenges, we’re committed to supporting growth and financial inclusion in South Sudan. Co-op Trust Investment Services: Ksh 142.7 Million Profit Before Tax with a 33.7% growth. Kingdom Bank: Ksh 635.5 Million Profit Before Tax, up by 21.8%! 🏆 Supporting MSMEs and fueling local business growth.

The Access Bank UK Limited, a unit of Nigeria's Access Bank Plc Bank, has bought a majority stake in AfrAsia Bank Limited Bank, Mauritius's fourth largest bank—https://lnkd.in/eQ4xRteq. This is all part of the acquirer's plans to grow its presence in key African markets and boost its global footprint. James Simmonds Thierry Vallet NADEEM ABDUL CARRIM #africa #manda #investment #mergersandacquisitions #privateequity #deal #financialservices #news