Bank Alfalah receives regulatory approval for potential Bangladesh exit

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

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

Weekly Market Roundup

PSX Closing Bell: Hold On, We’re Going Up

Pakistan Hotels Developers seeks 6-month extension in liquidation process

Name	Price/Vol	%Chg/NChg
KSE100	172,400.73 346.40M	0.92% 1570.51
ALLSHR	103,483.96 796.97M	0.55% 561.58
KSE30	52,734.06 184.56M	1.08% 564.57
KMI30	245,565.33 110.97M	1.07% 2605.02
KMIALLSHR	67,233.70 319.67M	0.68% 453.28
BKTi	47,898.10 95.85M	0.98% 462.51
OGTi	33,838.49 13.78M	1.39% 464.88

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,825.00	0.00 0.00	-135.00 -0.15%
BRENT CRUDE	60.80	62.67 60.56	-1.44 -2.31%
RICHARDS BAY COAL MONTHLY	87.50	0.00 0.00	1.05 1.21%
ROTTERDAM COAL MONTHLY	94.50	0.00 0.00	-0.70 -0.74%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	56.93	0.00 0.00	0.19 0.33%
SUGAR #11 WORLD	15.17	15.28 15.08	-0.12 -0.78%