Turkey’s largest private bank approved to conduct due diligence for possible acquisition of HSBC Pakistan

By | 7 June 2012 | 1 minute read

Turkish bank, Isbank has successfully obtained due diligence permission from the State Bank of Pakistan for the acquisition of HSBC Pakistan. If successful, Isbank will become the first Turkish bank to operate in Pakistan. Regarding Isbank’s approval by the State Bank of Pakistan, HSBC comments, “As we have previously confirmed, HSBC is in early stage discussions regarding the possible sale…

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