HBL gets approval for equity injection of Rs1.4bn in HBL Asset Management
MG News | May 25, 2022 at 04:43 PM GMT+05:00
May 25, 2022 (MLN): State Bank of Pakistan (SBP) has allowed Habib Bank Limited (HBL) to inject Rs1.4 billion into HBL Asset Management Limited.
In a notice to Exchange, Bank said that it has received approval from SBP on its proposal for undertaking an equity injection of Rs1.4 billion in its wholly-owned subsidiary HBL Asset Management Limited.
HBL Asset Management Limited (HBL AMC) is a wholly-owned subsidiary of HBL, the largest commercial bank in Pakistan. The company was incorporated in February 2006 as a public limited company under the Companies Ordinance 1984. It was licensed for Investment Advisory and Asset Management Services by the Securities and Exchange Commission of Pakistan in April 2006.
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