Habib Bank Ltd

Habib Bank Ltd in Sri Lanka offers a full suite of branded products. These services cover retail, corporate, and SME banking. It also includes treasury, trade, and digital banking solutions.

Retail Banking for Individuals

HBL Freedom Account requires a LKR 25,000 minimum monthly balance. It includes a free Visa Debit Card with EMV chip technology. HBL Value Account calculates interest daily based on the balance. This account provides an overdraft facility up to 90% of the posted balance. HBL Regular Savings Account computes interest on the monthly average balance. It offers free e-Statements in PDF via Internet Banking.

HBL Special Savings Account calculates interest on the daily closing balance. It has flexible tenor options starting from 7 days. Diplomatic Rupee Account (DRA) is for diplomatic missions or personnel. This account has a minimum balance requirement of LKR 10,000. HBL Al-Irtifa Account is a Shariah-compliant savings product. It is available in LKR, USD, EUR, and GBP.

HBL Al-Samarat Fixed Deposit offers Mudarabah-based fixed tenure deposits. Its tenor range is 1 to 12 months. HBL Islamic Current Account is a Qard-based current account. It does not provide interest. A cheque book is issued with Tajweed-compliant cheque printing.

Business Banking for Entities

HBL Freedom Business Account requires a LKR 100,000 minimum balance. It supports real-time SWIFT and RAAST inbound and outbound transactions. Business Foreign Currency Accounts (BFCA) support multiple currencies. These include USD, EUR, GBP, and SGD. The bank has Nostro vostro linkage with 12 correspondent banks.

Repo Deposit Facility offers overnight collateralized reverse repo. Collateral used is Government of Sri Lanka Treasury bills. Corporate Current Account (CCA) has zero debit transaction fees. This applies if the account is maintained over LKR 500,000. It allows bulk payment file upload via Internet Banking. SME Freedom Account features an Auto Sweep between current and deposit legs. It integrates SMS-based balance alerts.

Digital and Specialized Services

HBL Business Value Account is an interest-bearing current account. Its interest rate is indexed to the CBSL policy rate plus a 0.25% spread. Trade Services (HBL TradeFX) enables digital import L/C issuance. This uses MT700 messaging. It integrates with SWIFT gpi for trackability. HBL Corporate Internet Banking (CIB) uses dual control via maker-checker workflows. It provides API access for ERP integration using OAuth2.