Kathmandu, Nov. 3 -- Pakistan's Habib Bank has officially exited from Himalayan Bank Limited (HBL), with the Pakistani bank selling its entire stake with the Nepali bank on Sunday.

Habib Bank that invested in HBL in 1993 had 12.93 percent share in the Himalayan Bank. Through the bidding process, National Life Insurance Company (NLIC) has purchased the Pakistani bank's 28,012,447 units of the shares in the HBL at the rate of Rs 118.88 per unit.

Published by HT Digital Content Services with permission from Republica....