Bank Al-Falah Limited, one of Pakistan’s largest commercial banks, has announced plans to sell its operations in Bangladesh to Bank Asia Limited. The decision was disclosed in a notice to the stock exchange on May 29.
The sale remains subject to regulatory approvals from both Bangladesh Bank and the State Bank of Pakistan, as well as other legal and procedural conditions. A final agreement has yet to be signed.
Bank Al-Falah currently operates over 1,100 branches across Pakistan and has international presence in Afghanistan, Bangladesh, Bahrain, the UAE, and a representative office in Abu Dhabi. The move marks a strategic shift as the bank refocuses its regional operations.
