Knowledge Center: HBL Konnect

HBL BRANCHLESS BANKING AGENCY AGREEMENT

<span style="color: #333333; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ascii-theme-font: major-bidi; mso-bidi-theme-font: major-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-bidi;">THIS BRANCHLESS BANKING AGENCY
AGREEMENT <span style="color: #333333; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ascii-theme-font: major-bidi; mso-bidi-theme-font: major-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-bidi;">is
made and entered into at __________, this        day
of        ,       .<o:p></o:p>

<span style="color: #333333; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ascii-theme-font: major-bidi; mso-bidi-theme-font: major-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-bidi;">BY AND BETWEEN<o:p></o:p>

<span style="color: #333333; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ascii-theme-font: major-bidi; mso-bidi-theme-font: major-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-bidi;">HABIB BANK LIMITED<span style="color: #333333; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ascii-theme-font: major-bidi; mso-bidi-theme-font: major-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-bidi;">, a banking company incorporated
under the laws of Pakistan, having its registered office at 9th Floor, Habib
Bank Tower, Jinnah Avenue, Blue Area, Islamabad, and head office at Habib Bank
Plaza, I.I. Chundrigar Road, Karachi (hereinafter referred to as"HBL" which
expression shall, where the context so permits or requires, mean and include
its successors-in-interest, administrators and permitted assigns) of the FIRST
PART.<o:p></o:p>

<span style="color: #333333; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ascii-theme-font: major-bidi; mso-bidi-theme-font: major-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-bidi;">________________<span style="color: #333333; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ascii-theme-font: major-bidi; mso-bidi-theme-font: major-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-bidi;">, S/o/W/o ________________,
adult, holding CNIC No. __________, resident of __________,
carrying on a business under the name and style of "_________",
having a place of business at __________ (hereinafter referred
to as the "Direct Agent" which expression shall,
where the context so permits or requires, mean and include his
successors-in-interest, administrators and permitted assigns) of the OTHER
PART.<o:p></o:p>

<span style="color: #333333; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ascii-theme-font: major-bidi; mso-bidi-theme-font: major-bidi; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: major-bidi;">_______________________, a
partnership concern having (1) _______________________, S/o/W/o
_______________________, adult, holding CNIC No. _______________________,
resident of _______________________, and (2) _______________________, S/o/W/o
_______________________, adult, holding CNIC No. _______________________,
resident of ________________________________, as partners, acting through its authorized
partner _______________________ , having its principal place of business at
_______________________ (hereinafter referred to as the "Direct
Agent" which expression shall, where the context so permits or
requires, mean and include its successors-in-interest, administrators and
permitted assigns) of the OTHER PART.<o:p></o:p>

<span style="color: #333333; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: major-bidi; mso-bidi-language: AR-SA; mso-bidi-theme-font: major-bidi; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-hansi-theme-font: major-bidi;">_______________________,
a [private/public] limited company incorporated under the laws of Pakistan,
having its registered office at ______ (hereinafter referred to as the "Direct
Agent" which expression shall, where the context so permits or
requires, mean and include its successors-in-interest, administrators and
permitted assigns) of the OTHER PART. 
 
(HBL and the Direct Agent are hereinafter
collectively referred to as the "Parties" and
individually as a "Party".) 
 
WHEREAS HBL is engaged in the business of banking and is authorized
by SBP to undertake Branchless Banking activities in Pakistan. 
 
AND WHEREAS the Direct Agent has represented that it has the
necessary expertise, skill, infrastructure and resources to act as agent of HBL
in the provision of certain Branchless Banking Services to Customers on behalf
of HBL as contemplated in this Agreement. 
 
AND WHEREAS on the basis of the Direct Agent’s representations, HBL
has agreed to appoint the Direct Agent as its agent, on a non-exclusive basis,
for provision of certain Branchless Banking Services to Customers on behalf of
HBL, subject to, and on the terms and conditions of, this Agreement.