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Originally published by Capital Business
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business
June 30, 2025
2mo ago

Pakistan’s Bank Al-Habib closes Kenyan office as it cuts global presence

Pakistan’s Bank Al-Habib closes Kenyan office as it cuts global presence

NAIROBI, Kenya, June 30 - The Central Bank of Kenya (CBK) has officially withdrawn the licence granted to Pakistan-based Bank Al-Habib Limited (BAHL), Kenya breaking news | Kenya news today |..

✨ Key Highlights

Bank Al-Habib Limited has officially exited the Kenyan market following the cancellation of its operating license by the Central Bank of Kenya (CBK), effective May 15, 2025.

  • BAHL had operated a representative office in Kenya since April 2018.
  • The decision aligns with BAHL's global strategy to streamline foreign operations.
  • Its Kenyan office served as a marketing hub connecting East Africa with the bank’s headquarters in Karachi, Pakistan.

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