Zahid Shahid

2008
Oct 7

Bank Alfalah, MCB and NIB Bankrupted?

5 Comments    [ Posted in Pakistan ]

Update: The News was just a Rumor 🙂

There is a news circulating among Markets and Business Community that Bank Alfalah, Muslim Commercial Bank (MCB) and NIB have been declared defaulters. many people are insisting me and others to withdraw everything I have in accounts in these banks.. Though, I believe its just a rumor, and trying to confirm the authenticity of the news from some reliable sources.

Same things are told about Standard Chartered Bank as well.. but It looks pretty impossible for such big groups getting bankrupt.

I will also be updating this post once the news is confirmed. Any information from the readers will entitle for equal reputation.

It's only fair to share...

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Tags: bank bankrupt alfalah mcb "standard chartered" nib defa

5 Responses to “Bank Alfalah, MCB and NIB Bankrupted?”

1. Posted by Farrukh Ali on October 7, 2008 at 8:19 pm

   Well I Hav’nt Listen Any Of These Like News…Though I Got A/c In MCB……….But Nothing Like That I Have In My Knowledge Till Now…!

2. Posted by Hunain Ahmed on October 12, 2008 at 8:08 pm

   check this link:) its just a rumor:)
   http://www.thenews.com.pk/daily_detail.asp?id=140285

3. Posted by ali on January 28, 2009 at 6:05 am

   Hi All

   Most banks are save in Pakistan because does lend a lot money to people they do, but as you know most are on connections bases and bribes or not every one can get loan. Where as in western world every one above 18 can borough 1000’s of dollar or pounds, which puts the banks in risk.

   My opinion might help just wanted to share.

   Thanks

4. Posted by ali on January 28, 2009 at 6:06 am

   Hi All

   Most banks are safe in Pakistan because they don’t lend a lot money to people, they do but as you know most are on friends and relatives bases and bribes and not every one can get loan. Where as in western world every one above 18 can borough 1000’s of dollar or pounds, which puts the banks in risk.

   My opinion might help just wanted to share.

   Thanks

5. Posted by alfalah - StartTags.com on March 2, 2010 at 11:38 am

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