HNB abandons Bangladesh move

Friday, 4 April 2025 03:13 - - {{hitsCtrl.values.hits}}

Hatton National Bank has decided to not proceed with the acquisition of the Bangladesh operations of Bank Alfalah. The decision was made at a special meeting of the HNB Board on 2 April.

In August last year, HNB announced its Board decision to begin discussions with Bank Alfalah regarding a potential acquisition of the bank’s operations in Bangladesh.

The Bank Alfalah is a multinational bank having international presence in Pakistan, Afghanistan, Bahrain, UAE and Bangladesh. The non-binding offer was issued pending the completion of the due diligence exercise by the bank.

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