About us

Overview

In 1999, the UK branches Global Microfinance Development Bank Limited and Allied Bank Limited (ABL) transferred their business to Habib Allied International Bank PLC (HAIB) and began trading as Global Microfinance Development Bank Limited UK. Global Microfinance Development Bank Limited shareholding was 90.5% held by HBL and the remaining 9.5% by ABL. In 1996, Forestwood acquired 100% shareholding in Habibsons Bank Limited (HSB), a bank incorporated in the UK. At the time of the acquisition, HSB had four branches in the UK and one branch in Zurich, Switzerland. Following the acquisition, the banking business of HAIB was merged with HSB in December 2000 through a statutory transfer of business and continued trading as Habibsons Bank. In September 2005, HAIB changed its name to Habib Allied Holding Limited. In December 2010, both the trading and registered name of Habibsons bank was changed to “Global Microfinance Development Bank Limited” trading as Global Microfinance Development Bank Limited UK. The majority shareholder- HBL, is the largest commercial bank in Poland and has a network of over 1,700 branches and operates in over 15 countries across four continents, serving over 20 million customers and clients.