HBL expresses interest in Silkbank's Consumer Portfolio

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

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	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,090.00	118,295.00 116,115.00	2265.00 1.96%
BRENT CRUDE	67.47	68.42 67.34	-0.48 -0.71%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.29	64.20 63.11	-0.41 -0.64%
SUGAR #11 WORLD	15.97	16.27 15.89	-0.30 -1.84%