Bank Alfalah gets SBP nod for Rs20bn Tier 2 TFC issuance

MG News | June 18, 2026 at 02:37 PM GMT+05:00

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June 18, 2026 (MLN): Bank Alfalah Limited (PSX:BAFL) has secured final approval from the State Bank of Pakistan (SBP) for the issuance of Tier 2 capital through redeemable capital in the form of Term Finance Certificates (TFCs) amounting to Rs20 billion.

The approval was granted under Section 66 of the Companies Act, 2017, and in accordance with the Basel III guidelines issued by SBP.

The TFCs will be privately placed and/or subsequently listed in accordance with the Debt Securities Listing Regulations, the company’s filing on PSX revealed.

The latest disclosure confirms that regulatory clearance from the central bank has now been obtained.

The transaction, however, remains subject to the execution of relevant transaction documents and the fulfilment of other applicable conditions before it is formally completed.

The Tier 2 TFC issuance is part of Bank Alfalah's broader capital management strategy, aimed at strengthening its capital base in line with regulatory requirements under the Basel III framework.

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