Bangladesh’s private commercial lender Bank Asia is set to acquire local operations of leading Pakistani bank Alfalah, incidentally amid waves of mergers and acquisitions in the banking industry’s reshuffle here.
The matter of big acquisition deal between banks of the two countries separated five decades back through the Bangladesh liberation war transpires in Pakistani media reports.
The Pakistani media outlets disclosed the development citing information that the Pakistani bank shared through a notice to the Pakistan Stock Exchange (PSX) on Wednesday.
It will be the second acquisition move for Bank Asia to take over the leftover…
