Habib Bank AG Zurich Habib Bank AG Zurich

        March 1, 2017

        Important Announcement: Implementation of new transaction codes by UAECB. 

        As per UAE Central Bank, with effect from 01/04/2017 all banks are required to
        incorporate a set of new "Transaction Type codes" for all AED payments through
        Central Bank's Funds Transfer System.

        Any applications received without proper codes will be rejected.  Similarly any
        incoming AED payment received without proper transaction code will be automatically
        rejected upon receipt.
        Effective 01/06/17 same codes will also be required for all inward and outward
        international funds transfers.
        In view of this change we have amended our Funds Transfer Application which will
        list all the available codes provided by the UAE Central Bank.
        The new application will be available from any of our branch. Alternately you
        can download this application from the Download Center of our website
        www.habibbank.com after 15/03/17.
        We strongly recommended that you use our Funds Transfer Application to avoid
        delays or rejection. We also request you to inform all your business partners
        and counterparties to please include appropriate transactions codes in all
        remittances favoring your account to avoid rejection.
        We thank you for banking with us and assure you of our best services at all
        For additional information please visit our website:
           - https://www.habibbank.com/uae/home/notices.html
        Or dial:
           - our toll free number 800-HABIB (42242) from anywhere in UAE.
           - +971 4 387 0700 for calls from outside UAE.