Bank Alfalah (BAFL) has joined the race for the acquisition of SBL’s personal loans, running finance and credit card business on Monday. — Screengrab
LAHORE: Silkbank Ltd’s consumer finance portfolio appears to be attracting a lot of interest from other banks these days with Bank Alfalah (BAFL) joining the race for the acquisition of SBL’s personal loans, running finance and credit card business on Monday.
Habib Bank Ltd (HBL) is already carrying out due diligence of SBL’s consumer portfolio for almost two weeks now.
Two separate bourse filings say BAFL has approached the Silkbank management for its concurrence to apply for permission from the State Bank of Pakistan to start due diligence.