Zong partner Askari bank intends to acquire KASB Bank

Askari Bank, Zong’s partner in its branch-less banking business meet the capital requirement is mandated by the central bank in November to face ban is KASB Bank, was dedicated to the pursuit of is confirmed with fountains. Askari Bank Board of the Bank to conduct due diligence No Objection Certificate (NOC) is in the State Bank of Pakistan (SBP) to submit the application in the bank’s administration gave the green light to signal .

The central bank’s banking and financial sector in the very early stage of Askari Bank is unlikely to allow the business to expand. Evaluation of financial and legal due diligence related to the evaluation process followed, Askari Bank KASB Bank management on a price. If this happens, the acquisition of military KASB Bank bank branches is also companies and commercial sector and personal services in terms of on-time for your business benefit Zong branch.

105 KASB Bank branches in 44 different cities, the services G2P, remittances from abroad, to pay salaries and the ISP may be the financial center of branchless banking. Time at over 25,000 outlets, including 291 bank branches are armed.

 

Image

Exit mobile version