SBP finds no imminent risks to HBL operations and banking industry of Pakistan

MG News | August 28, 2017 at 09:11 PM GMT+05:00

0:00

Potential imposition of Civil Penalty on Habib Bank Limited - New York Branch by New York State Department of Financial Services.

HBL has brought to the notice of SBP that its New York (NY) branch has received a notice of hearing from New York State Department of Financial Services (NY DFS) under which NY DFS proposes to impose a civil monetary penalty on HBL NY.

HBL has informed about its decision to contest the supervisory action by NY DFS.

State Bank of Pakistan is cognizant of these developments and is closely monitoring the situation and finds no imminent risks to HBL operations and banking industry of Pakistan.

State Bank of Pakistan reiterates its commitment to safeguard the interests of depositors and to ensure safety and soundness of the banking system of the country.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,034.93 513.44M	1.52% 2679.44
ALLSHR	107,392.74 1,107.91M	1.22% 1297.66
KSE30	55,017.41 279.74M	1.86% 1007.08
KMI30	254,699.07 209.00M	1.60% 4013.10
KMIALLSHR	69,477.96 622.48M	1.19% 818.48
BKTi	50,802.42 123.06M	2.40% 1189.90
OGTi	36,086.91 28.98M	2.36% 830.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	93,550.00	93,550.00 91,595.00	3360.00 3.73%
BRENT CRUDE	61.15	61.24 60.00	0.40 0.66%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.55 0.64%
ROTTERDAM COAL MONTHLY	98.15	98.15 97.40	1.25 1.29%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.65	57.73 56.56	0.33 0.58%
SUGAR #11 WORLD	14.60	15.05 14.57	-0.41 -2.73%