Our website has detected that you are using an outdated browser that will prevent you
from accessing
certain features. An upgrade is recommended to improve you browsing experience.
Habib Overseas Bank Limited: payments to depositors
Published Date:
2023-06-08
Last Modified Date:
2023-06-08, 12:09 PM
Category:
What's New | Media > Media Releases
Since the commencement of the curatorship, in-depth investigations and analysis
undertaken by the curator found that HOB’s financial position was significantly worse
than initially anticipated. This resulted in a moratorium being imposed and the closure
of HOB branches by the curator to enable his team to undertake financial and
operational assessments given the governance, compliance and operational failures.