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Report: Lanka Orix Leasing acquires Pakistan-based microfinance bank

Sri Lanka-based Lanka Orix Leasing Co. Plc acquired a majority stake in Pakistan's PakOman Microfinance Bank, Sri Lanka's The Sunday Times reported Feb. 1, citing officials.

The company is set to announce the deal Feb. 3.

PakOman Microfinance Bank was formed as a joint venture between the government of Pakistan and Sultanate of Oman in July 2001.