Press ReleasePACRA Maintains Broker Fiduciary Rating of Habib Metropolitan Financial Services Limited
|Current (17-May-23 )
|The Company is a wholly-owned subsidiary of Habib Metropolitan Bank Limited a prominent financial institution.
|The board is comprised of three non-executive directors. All of whom represent Habib Metropolitan Bank Limited.
|Management and Client Services
|The Company has a lean organizational structure with a qualified and experienced management team. The Company provides client services as per the industry practices, including the facility of dedicate
|Internal Controls and Regulatory Compliance
|Well-defined policies are in place pertaining to key risk areas compliance and the internal audit department ensures implementation.
|Primary source of revenue originates from equity brokerage which leaves room for product diversification.
|At end-Dec22, LCB stood at ~PKR 277mln, while the equity stood at ~PKR 326mln.
|Key Rating Drivers
|About the Entity
|Year of Establishment
|Type of License
|Trading and Self-clearing
|Habib Metropolitan Bank Limited
| Afnan Iqbal
Methodology | Broker Fiduciary Rating | Jan-23
Sector Study | Brokerage & Securities | Jan-23
|This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA. The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.