Bank Alfalah to explore possibility of acquiring Silkbank’s Consumer Finance Portfolio

MG News | April 26, 2021 at 11:21 AM GMT+05:00

0:00

April 26, 2021 (MLN): The Board of Directors of Bank Alfalah Limited ("the Bank"), in its meeting held on 22nd April 2021, has authorized the Management of the Bank to explore the possibility of acquiring the Consumer Finance Portfolio of Silkbank Limited comprising of credit cards, running finance and personal loans and to conduct due diligence of the same, subject to State Bank of Pakistan's approval.

In this regard, the Bank has approached Silkbank to provide its concurrence to enable the Bank to apply to SBP for its approval to conduct due diligence on the Silkbank Consumer Finance Portfolio.

Earlier, Habib Bank Limited (HBL) had requested Silkbank Limited to provide its concurrence to HBL to apply to State Bank of Pakistan to proceed with the due diligence of the Consumer Portfolio of Silkbank Limited.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	150,016.16 145.54M	0.56% 837.50
ALLSHR	90,164.34 252.99M	0.46% 410.34
KSE30	45,486.46 99.07M	-0.00% -1.03
KMI30	214,854.66 60.89M	0.67% 1433.99
KMIALLSHR	58,253.19 111.97M	0.44% 254.55
BKTi	41,815.03 51.07M	-1.21% -510.60
OGTi	30,860.86 6.60M	0.86% 262.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,025.00	76,190.00 73,305.00	-95.00 -0.13%
BRENT CRUDE	101.78	104.98 101.44	1.57 1.57%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.70 -10.53%
ROTTERDAM COAL MONTHLY	122.00	122.00 121.75	0.85 0.70%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	94.73	98.42 93.88	1.23 1.32%
SUGAR #11 WORLD	14.45	14.50 14.19	0.26 1.83%