Karachi, May 30, 2012 (PPI-OT): Pursuant to the decision by Citibank: N.A. to divest its interest from the Consumer Business Portfolio of Citibank Pakistan comprising of its credit card business, personal loans and auto loans, Habib Bank Limited (“HBL”) has expressed an interest only to evaluate the information that will be provided by Citibank Pakistan in relation to the same.
HBL hereby notifies the Karachi Stock Exchange (Guarantee) Limited (“Stock Exchange”) that HBL will be conducting the due diligence of the said Consumer Business Portfolio of Citibank Pakistan with the approval of the State Bank of Pakistan.
For more information, Contact:
Habib Bank Limited
12th Floor, HBL Plaza,
I. I. Chundrigar Road Karachi.