February 17, 2020 (MLN): Habib Bank Limited (HBL), the largest bank in Pakistan, has announced that it is voluntarily closing down its New York branch. Upon such closure, HBL will no longer operate any bank branch in the United States.
In a notification to Exchange, the bank informed that on or before March 31, 2020, HBL will complete the voluntary closure of its New York branch in coordination with the New York State banking regulators.
The Management of the bank expressed its gratitude to State Bank of Pakistan, the New York State Department of Financial Services, and the Federal Reserve Bank of New York for their consistent support and cooperation throughout the process of winding down and closing the New York branch.
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