Bank AL Habib Limited (BAHL), a Pakistani financial institution, has announced the closure of its Representative Office in Kenya, effective May 15, 2025. This decision follows the approval granted by the Central Bank of Kenya (CBK) on April 30, 2025, in accordance with the Banking Act and Prudential Guidelines.
BAHL, which was granted authorization by CBK in April 2018 to establish its Kenyan Representative Office, has made the move as part of a broader strategic review and global restructuring aimed at improving operational efficiency. The bank’s closure in Kenya is part of a consolidation of its international operations, aligning with its long-term business goals.
In a notice to its customers and the general public, BAHL expressed gratitude for the support it had received throughout its time in Kenya. Despite its decision to exit the Kenyan market, the bank reaffirmed its commitment to continuing to serve its customers through its other international operations.
As a representative office, BAHL’s operations in Kenya were limited to marketing and liaison functions, in compliance with CBK regulations. These offices cannot undertake banking business or offer direct financial services, which distinguishes them from fully operational bank branches.
For inquiries regarding the closure, BAHL customers and stakeholders can reach out to the bank’s appointed legal representatives, Oraro & Company Advocates, through the contact details provided in the bank’s closure notice.
This development marks a significant change in Kenya’s banking landscape, as foreign institutions reassess their presence and operational models in the country. While BAHL’s closure is a result of its internal strategic decisions, it highlights the broader trend of financial institutions optimizing their international portfolios amid a dynamic global market.
