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Print Print 2021-09-15

BAHL winding up Seychelles Branch

KARACHI: Bank Al Habib Limited has said that subsequent to the State Bank of Pakistan’s in-principle approval for...
Published September 15, 2021

Karachi: Bank Al Habib Limited has said that subsequent to the State Bank of Pakistan’s in-principle approval for closure of Bank Al Habib Limited Seychelles Branch operations, approvals from Central Bank of Seychelles (CBS) has also been received for the voluntary winding up of the aforementioned branch operations.

“This decision is in line with the bank’s strategy and will not have any immaterial impact on the overall operating and financial position of the bank,” Bank Al Habib Limited said in material information sent to Pakistan Stock Exchange on Tuesday.

Copyright Business Recorder, 2021

Comments

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K. D. Khan Sep 15, 2021 11:00am
Will not have any "immaterial" impact
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SBA Sep 19, 2021 10:11am
@K. D. Khan, this was to ensure that everyone avidly reads it :-) :-), good spot
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