Bank

The World Bank refutes allegations of criticism of Pakistan’s Oran Plan – Trendy Blogger

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The World Bank refutes allegations of criticism of Pakistan’s Oran Plan – Trendy Blogger

World Bank Country Director Naji Ben Hussein denied reports that the international financial institution criticized Pakistan’s Oran plan, calling the allegations a “misinterpretation.” In a statement shared on X (formerly Twitter), Ben Hassine addressed the confusion caused by articles published earlier that day. He explained that the reports misinterpreted a specific sentence in the newly … Read more

Harris Mahmoud Tsch was appointed CEO of Mobilink Bank trendy blogger

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Harris Mahmoud Tsch was appointed CEO of Mobilink Bank trendy blogger

KARACHI: The Board of Directors of Mobilink Bank has announced the appointment of Haris Mehmood Chaudhry as the new CEO of Mobilink Bank, marking a major milestone in the bank’s mission to drive financial inclusion, digital banking and innovation, according to a press release.“Harris has consistently demonstrated exceptional leadership, strategic foresight and a deep commitment … Read more

CCP gives the green light for TPL Corp and ABHI’s acquisition of FINCA Microfinance Bank – Trendy Blogger

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CCP gives the green light for TPL Corp and ABHI’s acquisition of FINCA Microfinance Bank – Trendy Blogger

The Competition Commission of Pakistan (CCP) has approved the acquisition of 94.8% stake in FINCA Microfinance Bank Limited by TPL Corp Limited and ABHI (Private) Limited. This transaction represents a significant development in the microfinance sector in Pakistan, as the two entities acquired stakes from the bank’s existing shareholders, including FINCA Microfinance Coöperatief UA, the … Read more

The Bank of Japan announces the schedule of Monetary Policy Committee meetings for the first half of 2025 – Trendy Blogger

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The Bank of Japan announces the schedule of Monetary Policy Committee meetings for the first half of 2025 – Trendy Blogger

The State Bank of Pakistan (SBP) on Friday released the advance schedule of Monetary Policy Committee (MPC) meetings for the first half of 2025. According to the calendar, the central bank will hold four meetings between January and June. The first meeting of the Monetary Policy Committee is scheduled for January 27, followed by the … Read more

NBP transfers SME bank lending portfolio in demerger plan – Trendy Blogger

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NBP transfers SME bank lending portfolio in demerger plan – Trendy Blogger

National Bank of Pakistan (NBP) shareholders approved the scheme of arrangement to spin off part of the SME Bank’s lending portfolio at the Extraordinary General Assembly meeting held on January 6, 2025. The approval was given during the meeting, which took place at the NBP’s headquarters and electronically. The approved scheme includes the separation and … Read more

VEON injects $15 million into Mobilink Bank for digital expansion – Trendy Blogger

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VEON injects million into Mobilink Bank for digital expansion – Trendy Blogger

VEON Group, the parent company of Mobilink Bank, has injected US$15 million of fresh capital to support the bank’s strategic initiatives, including expanding financing for micro, small and medium enterprises (MSMEs), exploring Islamic banking, and accelerating its transformation into a global bank. The first digital bank. Mobilink Bank announced in a statement that the investment … Read more

The People’s Bank of China identifies economic risks and urges the government to maintain stability – Trendy Blogger

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The People’s Bank of China identifies economic risks and urges the government to maintain stability – Trendy Blogger

The Pakistan Business Council (PBC) has highlighted five critical challenges that the government must address to maintain the economic stability achieved in 2024. In a statement shared on social media platform X, the People’s Bank of China spoke about the country’s economic trajectory and stressed the need for reforms and prudent fiscal policies. The Council … Read more

The US Federal Reserve ends enforcement actions against the National Bank of Japan – Trendy Blogger

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NBP transfers SME bank lending portfolio in demerger plan – Trendy Blogger

The National Bank of Pakistan (NBP) has achieved a significant regulatory milestone by ending two long-standing enforcement actions by the US Federal Reserve. This development represents a pivotal moment in the bank’s efforts to enhance compliance and governance across its operations. The Federal Reserve announced that the cease and desist order, which had been in … Read more

SBP declares a bank holiday on January 1st – Trendy Blogger

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SBP declares a bank holiday on January 1st – Trendy Blogger

The State Bank of Pakistan (SBP) has announced that it, along with all banks, development finance institutions (DFIs) and microfinance banks (MFBs), will remain closed for public dealings on Wednesday, January 1, 2025, for bank monitoring. vacation. In a notice issued on Saturday, the central bank clarified that although banks will not be open to … Read more

The shareholders approve the merger of Silkbank with and into United Bank Limited – Trendy Blogger

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The shareholders approve the merger of Silkbank with and into United Bank Limited – Trendy Blogger

The shareholders of Silkbank Limited approved the merger of the bank with and into United Bank Limited (UBL). The decision was taken at the Extraordinary General Assembly Meeting held on Thursday, 26 December 2024, and remains subject to regulatory approvals. This decision follows UBL’s offer dated 31 October 2024 for the proposed merger. On November … Read more