Bank Makramah Limited (BML) has filed a settlement application with the court to recover non-performing loans (NPLs) amounting to approximately PKR 10 billion. This recovery effort targets various companies within the Omni Group and its affiliated entities and follows terms agreed upon in the settlement.
According to a notice filed with the Pakistan Stock Exchange, BML stated, “We are pleased to inform that Bank Makramah Limited has today filed a settlement application before the relevant court for the recovery of non-performing loans owed by various companies of the Omni Group and its affiliated entities. The settlement pertains to approximately PKR 10 billion, now recoverable under the agreed terms.”
In a separate update, the TFC Holders of BML, during an Extraordinary General Meeting held on January 21, 2025, resolved to continue as TFC holders of the bank. Additionally, the Scheme of Arrangement for restructuring BML, previously approved by shareholders, will remain effective
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