News in brief __________________________________________________________June 2005

Habib Bank AG Zurich picks up second Banker
Middle East award for 'Best use of Technology'

Habib Bank AG Zurich (HBZ) won the 'Best use of Technology' award at last month's Banker Middle East Magazine Awards 2005. The award recognises that Habib Bank AG Zurich has one of the most technologically advanced banking systems. The first bank in the region to introduce Internet (HBZweb), WAP (HBZwap) and text messaging (HBZsms) banking in 2000, HBZ offers solutions to corporate and consumer customers.
    It's the second year running that HBZ has received the award. Mr. Reza Habib, Joint President, Habib Bank AG Zurich said, "We at HBZ are grateful for the recognition by Banker Middle East which enables our customers greater service with security for their personal, corporate and trade accounts. It allows quicker transaction, greater control over funds and enables trading of U.S. capital markets in real time, from the comfort of our customer's home, office or while on the go with a smart phone or PDA."