fbpx
  • About
  • Advertise
  • Contact
Friday, February 3, 2023
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
Economy.pk
Home Business

HBL rumored to acquire Silkbank’s consumer holdings

bySidra Butt
April 9, 2021
in Business, Economy, Finance, New
Reading Time: 1 min read
0
HBL
35
SHARES
824
VIEWS
Share on FacebookShare on Twitter

On Thursday, Silk bank had initiated negotiations for a deal with Habib Bank Ltd [HBL], the country’s largest commercial bank, to sell its consumer portfolio, disclosed a notice sent to the Pakistan Stock Exchange [PSX].

HBL has approached Silkbank with a request for its concurrence to it for applying to the State Bank of Pakistan for permission to proceed with due diligence of its consumer portfolio — credit cards, personal installment loans and running finance, the exchange was informed by the company secretary through the notice.

RelatedPosts

Pakistan’s textile sector exports witnessed a significant decline of 12.4%

PM Shehbaz Sharif Inaugurates K-III Nuclear Power Plant in Karachi

Dollar hits historic high of Rs272 as local currency recedes gains

HBL’s interest in SBL consumer assets follows the collapse of Fauji Foundation’s interest in acquiring the bank. He said the Fauji Foundation was no longer interested in the due diligence process.

At present, according to Silkbank’s nine-month unaudited accounts for the period covering January-September 2020, the bank’s CAR eroded significantly in nine months from 5.81pc at the end of 2019 to 4.16pc at the end of September 2020.

Tags: Fauji FoundationHBLPakistan Stock ExchangeSilk BankState Bank of Pakistan
Sidra Butt

Sidra Butt

Related Posts

Pakistan’s textile sector exports witnessed a significant decline of 12.4%

Pakistan’s textile sector exports witnessed a significant decline of 12.4%

According to preliminary data released by the All Pakistan Textile Mills Association (APTMA) on Thursday, Pakistan's textile sector exports experienced...

PM Shehbaz Sharif Inaugurates K-III Nuclear Power Plant in Karachi

PM Shehbaz Sharif Inaugurates K-III Nuclear Power Plant in Karachi

 Prime Minister Shehbaz Sharif inaugurated K-III power plant here, which will generate 1,100-megawatt electricity. With help from China, the third...

Next Post
Robinhood

Robinhood crypto trading rose by 9.5M in the first quarter

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Pakistan may face a shortage of x-ray films, warns importer

Pakistan may face a shortage of x-ray films, warns importer

All-rounder David Wiese thanks Lahore Qalandars for reviving his international career

All-rounder David Wiese thanks Lahore Qalandars for reviving his international career

Pakistan defeated India 12-1 in a friendly baseball match in Islamabad

Pakistan defeated India 12-1 in a friendly baseball match in Islamabad

Ishaq Dar greenlights plan to raise $2 billion from overseas Pakistanis

Ishaq Dar greenlights plan to raise $2 billion from overseas Pakistanis

Pakistan’s textile sector exports witnessed a significant decline of 12.4%

Pakistan’s textile sector exports witnessed a significant decline of 12.4%

Pakistan fastest growing apps market worldwide in 2022

Pakistanis downloaded 35.4% more apps, making it the world’s fastest-growing app market

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2023 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In