By Ali Ahmad
Though MCB Bank failed to acquire Royal Bank of Scotland Pakistan's operations - or let say it was fate - but it never stop others from dreaming!
According to market source, Faisal Bank is soon going to acquire RBS. Faysal Bank Limited has finally got No Objection Certificate (NOC) from the State Bank of Pakistan to take over local operations of the Royal Bank of Scotland Pakistan (formerly known as ABN AMRO Bank), a Chief Spokesman SBP, Wasimuddin confirmed on Wednesda
August 2, 2010
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The pace of foreign investment portfolio, comparatively slowed during current financial year due to prevailing law and order situation, would improve with the acquisition of Pakistan operations of Royal Bank of Scotland (RBS) by Faisal Bank.
Informed sources in banking sector feel that though the overall banking operating environment has been improving since second quarter of 2009, however there is little possibility of a major increase in the acquisition price from US$87million quo
May 24, 2010
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