Finance
Pakistan’s Bank Alfalah Chases More Deals With Samba Buyout Underway
- Bank is finalizing agreement to buy SNB’s stake in Samba: CEO
- Bank Alfalah looks for inorganic, organic growth opportunities
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Pakistan’s Bank Alfalah Ltd. is open to further acquisitions to boost growth as the South Asian nation tries to emerge from a chronic economic crisis.
The lender is in the final stages of reaching an agreement to acquire Saudi National Bank’s majority stake in Samba Bank Ltd., Chief Executive Officer Atif Aslam Bajwa said in an interview. Closing that deal should make Bank Alfalah a contender for future assets that go up for sale, he said.