Bank Makramah Secures Advance to Meet Regulatory Capital Requirements
Bank Makramah Limited (PSX: BML) has entered into an agreement with Abdulla Nasser Abdulla Hussain Lootah, wherein Lootah will deposit Rs. 5 billion into the bank as an advance against share capital by December 31, 2024. This move aims to help the bank fulfill its regulatory capital requirements.
According to a notice issued by Bank Makramah to the Pakistan Stock Exchange (PSX) on October 30, 2024, the deposit will take place if the bank fails to comply with the capital requirements set by the State Bank of Pakistan
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