Bank Asia’s proposed acquisition of the Bangladesh chapter of Karachi-based Bank Alfalah seems to be a good deal, considering the financial performance of the latter over the years.
Bank Alfalah Bangladesh’s net interest income grew 34 per cent year-on-year to Tk 669 million in 2023, while profit soared 200 per cent to Tk 434 million last year compared to the previous year.
It deserves praise when it comes to asset quality. As of 2023, the foreign lender disbursed loans worth Tk 16.11 billion via the seven branches that it has been operating in Bangladesh. Only 1.87 per cent of the loans have been identified as bad loans, according to…