On March 31, 2008, a consortium comprising of International Finance Corporation (a member of the World Bank Group), Bank Muscat, Nomura International and Sinthos Capital acquired an 86.55% stake in Saudi Pak Commercial Bank (SPCB) for around $213 million or $0.47 per share (PKR 29.3 equivalent per share). The consortium is led by senior bankers Shaukat Tarin and Sadeq Sayeed. Their plan is to make SPCB a significant player in the local market. The re-branded bank will concentrate on expanding its consumer banking and SME businesses.
We currently offer our services across a growing network of 55 online branches spanning 24 cities across Pakistan. |