Pakistan's Bank Islami plans to buy KASB Bank for nominal fee

April 29, 2015 5:34 AM

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April 29 (Reuters) - Bank Islami Pakistan, the country's second-largest full-fledged Islamic bank, said it would submit plans on Wednesday to buy troubled lender KASB Bank Ltd for a nominal fee.

In January, Karachi-based Bank Islami received regulatory approval to study an acquisition that would add 105 branches to its existing network of 213.

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