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Originally published by Capital Business
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business
June 30, 2025
4mo 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NAIROBI, Kenya, June 30 - The Central Bank of Kenya (CBK) has officially withdrawn the licence granted to Pakistan-based Bank Al-Habib Limited (BAHL), Kenya breaking news | Kenya news today |..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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Part of the Day's Coverage

International Business Developments Affecting Kenya

Pakistan's Bank Al-Habib shuts Kenyan office reducing global presence as EBRD seeks approval for Nairobi office.

EBRD awaits Parliamentary nod to open regional office in Nairobi
EBRD awaits Parliamentary nod to open regional office in Nairobi

Capital Business

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