Karachi, March 13, 2026 – Bank Alfalah Limited has taken a major step to streamline its international footprint. The bank’s board approved the sale of its entire Bangladesh operations to Bank Asia Limited on Friday. The transaction carries a base value of roughly BDT 5.8 billion. This equals about $47.5 million.
Merger Route Chosen for Smooth Transfer
The two banks will complete the deal through a full merger. Bank Alfalah’s Bangladesh business will fold directly into Bank Asia. Bank Asia is one of the leading commercial banks in that country. Officials say the base price may rise or fall slightly at closing. This will happen once both sides agree on final financial adjustments.
The entire move still needs approval from regulators. The State Bank of Pakistan and Bangladesh Bank must sign off. Other relevant authorities in both countries must also approve. Until those clearances arrive, the deal remains on hold.
Senior Team Gets Full Authority to Close the Sale
Bank Alfalah’s top executives now hold joint power to complete the process. These include the president and CEO, the chief financial officer, and selected group heads. They will handle final price adjustments and sign all legal documents. They will also complete regulatory filings, settle taxes, and cover legal costs. In addition, they will arrange the safe return of funds to Pakistan in foreign currency.
Once regulators approve the scheme of arrangement and all formalities are completed, the transaction will conclude. Bank Alfalah expects the sale to strengthen its focus on core markets. It also aims to free up capital for growth at home.
This marks another strategic exit for Pakistani banks. Many are simplifying overseas operations due to tighter global rules and shifting priorities. The development comes as lenders continue reviewing international assets. They are searching for better returns and lower risk.
