The bank officially started its operations in this area, as announced in a filing to the Pakistan Stock Exchange.
This development comes after HMB disclosed its plans to establish an Exchange Company with an authorized capital of Rs. 1 billion back in October 2023. Following in the footsteps of other leading banks such as United Bank Limited (UBL), Meezan Bank Limited (MECL), and Bank Al Habib (BAHL), HMB has entered the currency exchange market.
Numerous banks have established entities for currency exchange operations, with more expected to commence their services in the near future. The launch of currency exchange operations by HMB reflects the bank’s commitment to providing comprehensive financial services to its customers.
