Bank Alfalah Limited announced on Thursday that it had received in-principle approval from the State Bank of Pakistan (SBP) for the issuance of Tier 2 capital through redeemable capital under Section 66 of the Companies Act, 2017, and the Basel III guidelines issued by SBP.
This was shared via a notice to the Pakistan Stock Exchange (PSX) today.
“The issuance will be in the form of Term Finance Certificates, to be privately placed and/or subsequently listed in accordance with the Debt Securities Listing Regulations, for an aggregate amount of up to Rs20,000,000,000,” the bank shared.
It added that the transaction remained subject to final approval from SBP, “execution of the relevant transaction documents, and fulfilment of other applicable conditions”.
Bank Alfalah posted Rs 28.34 billion profit after tax for the year 2025, translating into earnings per share of Rs17.97 compared to Rs24.30 for 2024.
Comments
Comments are closed for this article.