Summary Experts have said that NIB's assets roughly amount to Rs 25 billion
LAHORE (Dunya News) – Muslim Commercial Bank (MCB) has shown interest in purchase of NIB bank however, all matters will be reviewed before integration, Dunya News reported Tuesday.
According to the notification issued by Pakistan Stock Exchange (PSX), NIB’s major shareholder Fullerton Holdings and MCB authorities have discussed the matter.
Muslim Commercial Bank authorities stated that NIB’s assets would be assessed before going ahead with the proposal while permission of regulatory departments would be sought.
Experts have said that NIB’s assets roughly amount to Rs 25 billion in light of current share value.
