HNB abandons Bangladesh move
- CNL Reporter
- April 7, 2025
- Banking and Financial
- Hatton National Bank
- 0 Comments
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.
