Atlas Bank Takes Back Merger Proposition with KASB Bank

Posted by 15 April, 2009
If you like this post, please subscribe to our RSS feed to read our new posts every day.
Click here to Subscribe

Monday April 13, 2009: There had been news that KASB Bank Limited (KBL) has acquired ATLAS Bank Limited (ATBL) but according to a press release, Pakistan Credit Rating Agency (PACRA) has removed entity ratings of KASB Bank Limited (KBL) while ATBL ratings is still on rating watch. The removal of KBL from entity rating led to a withdrawal of merger proposition from ATBL. Boards of Saudi Pak Commercial Bank (SPCBL) and ATBL are in process of a potential merger between the banks.

merger

Categories : Latest Happenings Tags : ,

Comments

No comments yet.


Sorry, the comment form is closed at this time.