Bank Alfalah receives regulatory approval for potential Bangladesh exit

MG News | November 15, 2024 at 09:29 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 15, 2024 (MLN): The State Bank of Pakistan and Bangladesh Bank have granted in-principle approval to Bank Alfalah Limited (PSX: BAFL) to allow Hatton National Bank PLC (HNB) of Sri Lanka to begin due diligence on BAFL’s Bangladesh operations.

BAFL shared the development in its notice to the Pakistan Stock Exchange (PSX) on Friday.

The transaction, which could lead to the sale of 100% of the assets and liabilities attributable to BAFL's Bangladesh operations to HNB, remains contingent on successful due diligence, regulatory consents, and third-party approvals.

Copyright Mettis Link News

Related News

JS Bank profit falls 11% to Rs4.72bn in 1HCY26

PSX Closing Bell: Bulls Keep a Slim Lead

Hascol Petroleum narrows half-year loss to Rs3bn

Name	Price/Vol	%Chg/NChg
KSE100	177,370.71 271.87M	0.23% 404.02
ALLSHR	107,716.20 642.21M	0.11% 116.44
KSE30	52,827.24 82.38M	0.35% 182.71
KMI30	251,579.93 132.42M	0.03% 64.11
KMIALLSHR	69,528.14 417.99M	0.00% 2.11
BKTi	50,313.91 13.15M	1.11% 551.71
OGTi	36,509.94 8.96M	-0.87% -321.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,270.00	81,350.00 78,180.00	-580.00 -0.74%
BRENT CRUDE	87.00	92.90 86.11	-5.17 -5.61%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	0.20 0.18%
ROTTERDAM COAL MONTHLY	124.80	124.80 124.80	0.30 0.24%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	81.10	85.84 80.23	-3.91 -4.60%
SUGAR #11 WORLD	17.25	17.74 17.13	-0.40 -2.27%