HBL expresses interest in Silkbank's Consumer Portfolio

MG News | April 08, 2021 at 10:04 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 8, 2021 (MLN): Silk Bank, in an announcement to Exchange, said that Fauji Foundation will not be proceeding with the due diligence process of Silkbank Limited, in pursuance of its application to acquire the majority stake in the bank.

Furthermore, Habib Bank Limited (HBL) has 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 comprising of credit cards, running finance and personal installment loans (Consumer Portfolio), in order to explore the possibility of HBL's potential interest in the same.

Accordingly, the Board of Directors of Silkbank Limited, in its meeting held on April 07, 2021, has accorded its in-principle approval, for the same.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,155.49 146.93M	-0.29% -481.36
ALLSHR	101,821.25 491.54M	-0.27% -275.83
KSE30	50,151.61 66.23M	-0.22% -111.06
KMI30	240,694.06 56.00M	-0.34% -821.69
KMIALLSHR	65,906.19 236.46M	-0.35% -230.83
BKTi	46,796.32 10.20M	-0.20% -94.16
OGTi	34,362.14 4.89M	0.39% 134.82

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	85,550.00	85,570.00 84,680.00	960.00 1.13%
BRENT CRUDE	102.61	103.04 98.40	0.30 0.29%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.50 0.39%
ROTTERDAM COAL MONTHLY	140.00	143.25 140.00	-3.90 -2.71%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	91.26	0.00 0.00	0.15 0.16%
SUGAR #11 WORLD	19.91	19.96 18.93	0.97 5.12%