Pakistan Central Bank Allows Faysal Bank to Acquire Rbs Unit

July 27 (Bloomberg) -- Pakistan’s central bank approved Faysal Bank Ltd.’s purchase of RBS Pakistan Ltd., Syed Wasimuddin, a spokesman for the State Bank of Pakistan, said by telephone from Karachi today.

Faysal bought a 99.4 percent stake in RBS Pakistan on June 16 for 41 million euros ($50.5 million).

Link to Company News:{FABL PA <Equity> CN <GO>} Link to Company News:{RBS PA <Equity> CN <GO>}

To contact the reporter on this story: Farhan Sharif in Karachi at

To contact the editor responsible for this story: Naween Mangi at