Lahore May 29 2023: MCB Bank Limited Board of Directors to conduct a detailed due diligence of Silkbank Limited for potential transaction, according to Bank filing to the exchange.
“Subject to the approval of the State Bank of Pakistan (“SBP”), the Board of Directors has accorded its in-principle approval to the Management of the Bank to conduct a detailed due diligence of M/s Silkbank Limited, a commercial bank listed on the PSX. However, the potential transaction will be pursued subject to favorable outcome of due diligence, internal and regulatory approvals and definitive document” says the statement.
