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#Pakistan Banking Sector M&A —
A Thread 🧵
Interesting things happening in 🇵🇰’s banking sector related to #GCC-based sponsors.
Samba Bank is leaving 🇵🇰 🔜 after parent entity’s merger with NCB in Saudi Arabia 🇸🇦, & MergeCo Saudi National Bank’s decision to divest some assets.
A Thread 🧵
Interesting things happening in 🇵🇰’s banking sector related to #GCC-based sponsors.
Samba Bank is leaving 🇵🇰 🔜 after parent entity’s merger with NCB in Saudi Arabia 🇸🇦, & MergeCo Saudi National Bank’s decision to divest some assets.
Silk Bank is on perpetual sale after its abysmal performance in #Pakistan 🇵🇰 despite benefitting from one of the highest equity injections till-date. It is to be sold 🔜 and IFC / Nomura / Bank Muscat / Gourmet Group along with others will take a massive hit on their investment.
In banking, the best combination is always *a strong sponsor with a strong management team*. If you can get that right, there’s no better business in #Pakistan.
However, if your institution does not benefit from either of the two, then the bank is highly likely to underperform.
However, if your institution does not benefit from either of the two, then the bank is highly likely to underperform.
