External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Habib Bank (HBL PA) - Largest government sell down in Pakistan, a lot hinges on the bookbuild

Equity Bottom-Up

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<li>Department of Financial Services (DFS) has fined Habib Bank's New York branch for failure to comply with New York Laws and regulations designed to combat money laundering, terrorist financing and other illicit financial transactions, as per the statement released by DFS on Sep 7, 2017.</li>
<li>Earlier as per HBL's notice dated "Aug 28, 2017", DFS sought to impose penalty of up to US$630mn which has now been set at US$225mn. HBL bank shall have to pay the entire amount <span class="aBn" tabindex="0" data-term="goog_2050197169"><span class="aQJ">within 14 days</span></span> of executing this…</li>
</ul>


Department of Financial Services (DFS) has fined Habib Bank's New York branch for failure to comply with New York Laws and regulations designed to combat money laundering, terrorist financing and other illicit financial transactions, as per the statement released by DFS on Sep 7, 2017.
Earlier as per HBL's notice dated "Aug 28, 2017", DFS sought to impose penalty of up to US$630mn which has now been set at US$225mn. HBL bank shall have to pay the entire amount within 14 days of executing this…


Habib Bank (HBL): Final Penalty of US$225mn Imposed: Reinstate 'BUY'

Habib Bank Ltd

Habib Bank (HBL): Final Penalty of US$225mn Imposed: Reinstate 'BUY'