Pakistan's Habib Bank to end operations in Afghanistan

A spokesman for the bank said that the decision was taken in line with Afghanistan’s regulatory requirements.
“HBL’s exit from Afghanistan is expected to be completed latest by third quarter 2019 and will be done as per the regulatory requirements of Afghanistan and in consultation with the central bank of Afghanistan (Da Afghanistan Bank),” the spokesman said.
“HBL’s international footprint is important for the bank to service its domestic and international clients even better and this role will only strengthen in 2019.”
HBL opened its Kabul branch after obtaining business licence from Afghanistan Investment Support Agency in 2004.
A public notice from the bank said that it will not accept any further deposits as of March 11, 2019. It called on all depositors to withdraw or transfer their funds on or before June 10, 2019.