Bank Alfalah Achieves Two Milestones with the Launch of Its 1000th Branch and Surpassing PKR 2 Trillion Deposits
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BAFL keen to buy Silkbank’s consumer portfolio
Business
April 27, 2021
KARACHI: Bank Alfalah Limited (BAFL) has approached Silkbank Limited, seeking its concurrence to BAFL to apply to the State Bank of Pakistan (SBP) to proceed with the due diligence for the consumer portfolio of Silkbank Limited, a statement said on Monday.
Silkbank had already accorded, in principle, approval to Habib Bank Limited (HBL) to conduct due diligence for the same. Fauji Foundation was also interested in Silkbank, but it backed down, it added.
Silkbank Limited, formerly known as Saudi-Pak Commercial Bank, is a Pakistani commercial bank, which is based in Karachi,. It has a branch network of 123 in 39 cities.