(Web Desk) – Bank Alfalah Limited has decided to sell its operations in Bangladesh to Bank Asia Limited, a Dhaka-based bank.
The decision was approved by Bank Alfalah’s Board of Directors, but the deal still needs approval from the State Bank of Pakistan, the Central Bank of Bangladesh, and other relevant regulators. Legal steps and procedures must also be completed before the sale is finalized.
The two banks signed a Memorandum of Understanding (MoU) on the evening of May 28, 2025, marking the beginning of the sale process.
Final terms and further details will be shared once both parties sign the official agreements.
Bank Alfalah continues to offer a full range of banking services under Pakistan’s Banking Companies Ordinance, 1962.
