trending Market Intelligence /marketintelligence/en/news-insights/trending/jY0eJdjdTDjVqSHy1-bYfg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Report: Pakistan-based SME Bank's sale draws interest from multiple investors

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Blog

Banking Essentials Newsletter: May Edition, Part-2


Report: Pakistan-based SME Bank's sale draws interest from multiple investors

Pakistan's government has received interest from multiple investors for its 93.88% stake in SME Bank Ltd., The News International reported March 31, citing unnamed sources.

At least 10 investors, including two development finance institutions and one microfinance bank, have expressed interest in acquiring the government's stake, one of the sources said. The report came after Pakistan's cabinet committee on privatization in January approved a sale of the stake in the bank.

The government has already extended the deadline for submission of expressions of interest and other related documents for SME Bank to April 7 from March 17.

The sale process is likely to be completed by June 30, the source added.