The Central Bank of Kenya has cancelled the authority granted to Bank Al-Habib Ltd of Pakistan to operate a representative office in Kenya under Section 43 of the Banking Act, resulting in the office’s closure. The exit took effect on May 15, 2025 and follows a strategic decision by Bank Al-Habib to rationalise its foreign operations. The representative office, authorised on April 9, 2018, operated as a marketing and liaison office for the parent bank and its international affiliates.
Central Bank of Kenya 2025-06-30
Central Bank of Kenya cancels Bank Al-Habib’s authorisation to operate a representative office in Kenya
The Central Bank of Kenya has revoked Bank Al-Habib Ltd's authorization to operate a representative office in Kenya, leading to its closure. This decision, effective May 15, 2025, aligns with Bank Al-Habib's strategy to streamline its foreign operations. The office, established in 2018, served as a marketing and liaison hub for the bank and its affiliates.