DTB to complete Habib Bank acquisition in July

Top tier lender Diamond Trust Bank (DTB) #ticker:DTK aims to complete the acquisition of Habib Bank Limited in July and consolidate operations of the two lenders’ by April next year. FILE PHOTO | NMG

Top tier lender Diamond Trust Bank (DTB) #ticker:DTK aims to complete the acquisition of Habib Bank Limited in July and consolidate operations of the two lenders’ by April next year.

DTB shareholders are expected to ratify the deal at their upcoming annual general meeting on May 25, with the target date for completion of the deal being July 21.

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