Bank Asia PLC. (DSE:BANKASIA) agreed to acquire Assets & Liabilities of Bank Alfalah from Bank Alfalah Limited (KASE:BAFL) on April 18, 2024. The deal is subject to consummation of detailed due diligence, execution of transaction documents and receipt of regulatory and third-party approvals and consents.

The board of directors of Bank Asia PLC. has approved the transaction. The State Bank of Pakistan has granted approval to Bank Alfalah Limited to facilitate Bank Asia Limited in conducting the due diligence of Bank Alfalah operations in Bangladesh.