May 17, 2011

Acquisition of Shares of Habibsons Bank Limited UK by Habib Bank Ltd. Pakistan

KARACHI: Habib Allied International Bank ple (HAIB), a subsidiary of Habib Bank Limited (HBL) in continuation of its letter of July 26, 2010, Monday informed stock exchanges of Pakistan that it has completed the acquisition of shares of Habibsons Bank Limited UK which is regulated by the Financial Services Authority UK.

HBL has also notified the State Bank of Pakistan on the matter and this disclosure is being made under the Listing Regulations, the communication to stock exchanges said ppi.

Source: Daily Times
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