Pakistan’s Habib Bank has officially withdrawn its investment from Himalayan Bank Limited (HBL), completing the sale of its entire stake on Sunday.
According to the Nepal Stock Exchange (NEPSE), Habib Bank sold 14,006,230 units of its shares—valued at over Rs 1.66 billion—on Thursday. The bank then offloaded its remaining shares in transactions of similar value on Sunday.
This exit follows the final approval granted three weeks ago by Nepal Rastra Bank, allowing Habib Bank to transfer its HBL shares to Nepal Life Insurance Company (NLIC). With this development, NLIC’s ownership stake in HBL has now increased to 14.18 percent.
Habib Bank had decided to leave HBL seven years earlier. In its initial move, it had signed an agreement with Himalayan Reinsurance to begin offloading its shares, marking the first phase of its gradual exit.
