April 30, 2017 10:12 PM ET

Banks

Company Overview of SME Bank Ltd.

Company Overview

SME Bank, Ltd. offers financial products and services to small and medium-sized enterprises in Pakistan. It provides lending products through loan facilities, asset finance, running finance, leasing, and tentative lending rates; and banking products, including daily product basis, saving accounts, basic banking accounts, and current accounts. The company also provides project financing, working capital, and business support services. In addition, it offers online banking services. The company has branches in Lahore, Karachi, Faisalabad, Peshawar, Gujranwala, Quetta, Sialkot, and Rawalpindi. SME Bank was founded in 1984 and is headquartered in Islamabad, Pakistan with recovery offices in Rawa...

Jang Plaza

2nd Floor

40 Fazal-ul-Haq Road

Blue Area

Islamabad,  1587

Pakistan

Founded in 1984

Phone:

92 51 921 7000

Fax:

92 51 921 7001

Key Executives for SME Bank Ltd.

Chief Financial Officer
Head of Credit Division
Country Head of Recovery Operations Division
Head of Internal Audit
Head of Information Technology Division
Compensation as of Fiscal Year 2016.

SME Bank Ltd. Key Developments

SBP To Vet Parties Interested In Acquiring SME Bank

The Privatisation Commission has decided to rely on the central bank's expertise to vet almost half a dozen parties including two foreign institutions that have come forward to acquire SME Bank Ltd. The Commission has sent the documents of these parties that include a consortium comprising a real estate giant and Punjab-based Education Group to the State Bank of Pakistan (SBP) to judge them on the 'fit and proper' criteria, said sources in the finance ministry. The central bank will judge the credibility of the sponsors.

Government Of Pakistan To Privatize SME

The Privatization Commission invited expressions of interest (EoIs) for disinvestment of 93.88% stake in SME Bank Ltd. along with management control. According to a PC announcement, the early submission of EoIs would enable the interested parties to avail maximum time for the submission of statements of qualifications (SoQ). The last date to receive SoQs is March 17, 2017. PC has invited Eol's from reputed local and/or international investors who have an interest in entering the process towards acquiring strategic shareholding in SME Bank.

SME Bank Privatization Plan Slammed

The Sialkot Chamber of Commerce and Industry (SCCI) on February 6, 2017 strongly opposed government's plan to privatize SME Bank Ltd. In a press release, SCCI President Majid Raza Bhutta termed the planned privatization of SME Bank as an illogical decision, which was taken without stakeholders on board.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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