NIB to Merge with MCB? BoD meets Today for Proposal of Amalgamation

The news is rocketing high in skies! NIB Bank’s Board of Directors are all set to check MCB’s proposal of amalgamation in a vital meeting, to be done today in Karachi.

According to the market news, the Board of Directors of NIB Bank are probable to accept the proposal of merger from MCB Bank. The bank had previously sent notice to PSX – Pakistan Stock Exchange about its board of directors developing meetup on 7th December, 2016 in Karachi. The notice talked about matters concerning the amalgamation of NIB with MCB as per the Section 48 of Banking Campanies Ordinance, 1962.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s