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

Abbott Pakistan profit surges 36% to Rs5bn in 9MCY25

Mughal Steel swings to Rs926m profit in Q1 FY26

Hascol trims losses to Rs5.26bn in 9MCY25

Name	Price/Vol	%Chg/NChg
KSE100	158,465.06 390.15M	-1.02% -1635.97
ALLSHR	96,559.16 950.27M	-0.99% -966.38
KSE30	48,334.92 161.42M	-1.07% -524.48
KMI30	229,055.35 110.24M	-1.35% -3133.53
KMIALLSHR	63,239.37 426.71M	-1.12% -719.42
BKTi	44,632.28 59.89M	-0.70% -315.76
OGTi	31,295.76 12.54M	-0.78% -245.37

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	111,390.00	113,775.00 111,040.00	-2355.00 -2.07%
BRENT CRUDE	65.18	65.37 63.92	0.78 1.21%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-0.55 -0.68%
ROTTERDAM COAL MONTHLY	92.50	0.00 0.00	-0.20 -0.22%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.87	61.02 59.70	0.72 1.20%
SUGAR #11 WORLD	14.49	14.56 14.21	0.12 0.84%