Bank Alfalah gets SBP nod to raise up to Rs20bn Tier-II capital

MG News | April 23, 2026 at 01:44 PM GMT+05:00

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April 23, 2026 (MLN): Bank Alfalah Limited (PSX: BAFL) has received in-principle approval from the State Bank of Pakistan (SBP) to raise up to Rs20 billion through the issuance of Tier-II capital, the bank informed the Pakistan Stock Exchange on Thursday.

The proposed issuance will be carried out via Term Finance Certificates (TFCs) under Section 66 of the Companies Act, 2017, in line with SBP’s Basel III guidelines.

The TFCs will be privately placed and/or subsequently listed, in accordance with the Debt Securities Listing Regulations.

The transaction remains subject to final SBP approval, execution of transaction documents, and fulfilment of other regulatory requirements.

The bank said it will make further disclosures as the process progresses.

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