Karachi, November 12, 2012 (PPI-OT): Pursuant to the decision by Citibank N.A Pakistan (“Citibank”) to divest its interest from the Consumer Business Portfolio comprising of its credit card business, personal loans and auto loans, Habib Bank Limited (“HBL”) and Citibank have, subject to the approval of the State Bank of Pakistan and any other regulatory approval, executed the requisite agreements all dated November 9, 2012 for the acquisition of the said Consumer Business Portfolio.
In compliance of the Listing Regulations, HBL hereby notifies the Stock Exchanges of the above.
For more information, contact:
Habib Bank Limited
12th Floor, HBL Plaza,
I. I. Chundrigar Road Karachi.