MCB Bank profits drop 18% in Q1; quarterly net profit at Rs 14.65 bn
Stock price climbs as investors show mixed reaction, MCB reports weaker earnings but maintains high payout
Banking Mohtasib provides Rs1.65bn relief to customers amid surge in online payment complaints
Complaints rise as fraud and service inefficiencies in banks increase in 2024; new digital banks brought under scrutiny
Faysal Bank’s Bahraini parent calls off a long‑running courtship with GFH
The bank’s annual financial results showed growth amidst a tough macroeconomic environment, and ambitious expansion plans
Bahria Town may finally break up with its bank
Geneva‑based wealth manager and Karachi logistics entrepreneur team up to buy 88 pc of Escorts Investment Bank; minorities to receive 6 pc tender offer
Samba Bank profit plunges 53% in Q1FY25 amid margin compression and credit loss surge
Fall in net interest income and higher provisioning erode margins
Bank Alfalah’s Q1 profit drops 29% YoY due to rising expenses
Surge in operating costs offsets gains from interest income and securities; Rs2.5/share interim dividend declared
UBL posts Rs36.1bn profit in Q1, announces 110% dividend and 2:1 stock split
Profit jumps as net interest income surges, cost efficiency improves
Faysal Bank announces termination of acquisition discussions with Ithmaar
Bank clarifies that there are no further material developments regarding the termination of talks
Hatton National Bank withdraws bid for Bank Alfalah’s Bangladesh operations
Sri Lankan bank was seen as leading contender to acquire the Bangladesh branches for BAFL, which have been up for sale for years
SBP injects Rs2.94 trillion through OMO and reverse repo
SBP’s latest market intervention is part of its ongoing efforts to manage liquidity and stabilise the financial system
Sri Lankan bank withdraws acquisition bid for Bank Alfalah’s Bangladesh operations
Board of Hatton National Bank of Sri Lanka decided not to proceed with its bid despite in-principle approval to begin due diligenceÂ
ECC approves transfer of Rs330bn SBP financing facility to Exim Bank
Rs1bn allocated to meet FY25 subsidy as govt begins shifting export lending away from SBP
Samba Bank moves towards full Islamic banking conversion
Bank plans to submit its transition roadmap to the State Bank of Pakistan soon
SBP approves Silk Bank’s merger with United Bank Limited
Silk Bank officially amalgamates into UBL; shareholders to receive new UBL shares
What is the banking industry thinking?
PBA holds the first Banking Summit, what does it mean for the banking industry and the broader economy?