Faysal Bank Obtained NOC From SBP Regarding RBS Acquisition

The State Bank of Pakistan (SBP) on Wednesday granted No Objection Certificate (NOC) to Faysal Bank Limited for the purchase of Royal Bank of Scotland Pakistan operation. Faysal Bank Limited (FABL) has already entered into an agreement to acquire interest in the Pakistan franchise of Royal Bank of Scotland (RBS Pakistan) as per following;

Interest to be Acquired     =  99.37 percent interest
Consideration to be Paid  = Cash  Euro 41.000 million (equivalent to Rs 4.298 billion)
Consideration Per Share  = Rs 2.52 per share


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