Eye on Pakistan

Significant interest in RBS’s Pakistani branches

Posted in Domestic Affairs, Political Economy by onpakistan on May 31, 2009

Contrary to the impression gained from the British financial press, there appears to be significant interest in RBS’s Pakistani assets and subsidiaries.

From the Business Recorder: “RBS Pakistan is said to be an attractive franchise after acquisition of former Prime Bank assets. The balance sheet has been reportedly cleaned up. However, the administrative cost is said to be on the high side due to the quality of staff in the bank.”

From the Daily Times: “Jahangir Siddiqui group and Orascom are the major contenders for RBS…These groups may offer between $150 million and $200 million.” (this link is troublesome, also try: http://www.dailytimes.com.pk/default.asp?page=20095\30\story_30-5-2009_pg5_1).

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