Bank Alfalah has announced that its Board of Directors has accepted a non-binding offer from Afghanistan’s Ghazanfar Bank to explore the possible acquisition of Bank Alfalah’s operations in Afghanistan. The bank clarified that the approval does not amount to a final sale and only marks the beginning of a formal evaluation process.
Regulatory Process and Next Steps
In its statement, Bank Alfalah said all decisions will be made in line with applicable laws and the regulatory framework. The bank added that it will keep stakeholders informed of any material developments as the process moves forward.
