BML files settlement request for non-performing loans

MG News | January 22, 2025 at 12:55 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 22, 2025 (MLN): Bank Makramah Limited (PSX: BML) has filed a settlement application before the relevant court today, seeking the recovery of non-performing loans (NPLs) owed by various companies of the Omni Group and its affiliated entities.

The settlement involves an amount of approximately Rs10 billion, which will now be recoverable under the agreed terms, the company's filing on PSX revealed today.

In their Extraordinary General Meeting (EOGM) held on January 21, 2025, the TFC holders of Bank Makramah Limited (BML) decided to continue as TFC holders of the bank.

The Scheme of Arrangement for the restructuring of Bank Makramah Limited (BML) will proceed as already approved by the shareholders of BML.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	181,430.02 376.06M	-0.19% -346.57
ALLSHR	109,168.67 713.66M	-0.13% -139.83
KSE30	54,263.26 125.13M	-0.24% -128.56
KMI30	255,651.73 86.61M	-0.19% -483.04
KMIALLSHR	69,991.04 446.60M	-0.05% -33.30
BKTi	52,205.98 60.34M	-0.31% -161.74
OGTi	35,363.45 11.64M	0.17% 60.63

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,220.00	65,355.00 65,035.00	45.00 0.07%
BRENT CRUDE	82.38	84.44 81.50	-0.11 -0.13%
RICHARDS BAY COAL MONTHLY	105.50	105.50 105.50	-0.25 -0.24%
ROTTERDAM COAL MONTHLY	116.25	117.00 116.25	-0.10 -0.09%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	77.08	78.77 76.53	-0.21 -0.27%
SUGAR #11 WORLD	16.49	16.50 15.49	0.92 5.91%