Bank Alfalah Limited Receives In-Principle Approval to Sell Bangladesh Operations to Bank Asia Limited

Karachi, Bank Alfalah Limited has announced its Board of Directors’ in-principle approval of a non-binding indicative offer from Bank Asia Limited, Dhaka, Bangladesh, to acquire its Bangladesh operations. This includes both assets and liabilities, contingent on meeting all legal and regulatory requirements. The next steps involve seeking the State Bank of Pakistan’s approval for Bank Asia to initiate due diligence on Bank Alfalah’s operations in Bangladesh.