The State Bank of Pakistan (SBP) has officially authorized the International Finance Corporation (IFC) to conduct comprehensive due diligence on Bank Alfalah.
The preliminary step is part of the IFC’s evaluation for potential strategic minority investment in the bank. Bank Alfalah made the announcement public on Tuesday, confirming the receipt of the necessary regulatory approvals from the SBP.
Bank Alfalah, one of the largest private banks in Pakistan, boasts an extensive network that includes over 570 branches across 196 cities. Beyond its national presence, the bank operates internationally with branches in Afghanistan, Bangladesh, and Bahrain, and maintains a representative office in the UAE.
Bank Alfalah is dedicated to serving a diverse clientele, offering various services tailored to corporate, retail, small business, agricultural, Islamic, and asset financing customers. This potential partnership with IFC could enhance the bank’s financial strength and its ability to expand services across its operational footprint.
 has officially given the green light for the International Finance Corporation (IFC) to conduct a comprehensive due diligence of Bank Alfalah.){kind=link}