HBL president and CEO Nauman Dar said, "HBL will continue to be a key developer of consumer finance products in Pakistan."
"The acquisition is part of this commitment and ties in with the bank’s mission of creating value for stakeholders, especially our customers."
Following completion of the deal, Citi Pakistan will continue to focus on corporate and investment banking, and offering services to the multinational, public sector and financial institutions.
The State Bank of Pakistan has received application for due diligence of consumer business portfolio of Citibank Pakistan from the acquirer.
