Habib Bank moves out

Habib Bank AG Zurich was formally taken over by Hatton National Bank recently. rn

rnAcquisition of Habib bank
quote s assets of over 2 billion rupees has strengthened HNB
quote s balance sheet of over 100 billion rupeesrn

rnInternational banks are moving out to concentrate on familiar markets closer to home. rn

rnldblquote Strategic decision taken by the Board of Directors that they should concentrate now expansion in the Western countries, more attention towards correspondent banking, corporate banking and wholesale banking.”rn

rnldblquote With this decision they decided that they should leave Sri Lanka,
dblquote Muhammad Haroon Ahmed, Executive Vice President, Habib bank AG Zurich says.rn