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Situationer: Bank treasurer: the keeper of the temple - Newspaper


Risha Mohyeddin
KARACHI: With 20,795 permanent em­p­­loyees, Habib Bank Ltd (HBL) grew its pre-tax profit to Rs53 billion in 2020, up 83.6 per cent from a year ago.
If you find the runaway profitability in a year of economic contraction and pandemic surprising, sit up and read this: only 48 staffers brought in pre-tax earnings of Rs30.7bn. It means just 0.2pc of the employees generated 58pc of the profit-before-tax for Pakistan’s largest commercial bank last year.
The department in which these 48 prized bankers weave their financial spells is called the treasury. Of the nine money-making segments within the bank, the treasury accounted for the biggest bucks and the lowest relative expenses in 2020. ....

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