On 10 September 2012, we wrote to you announcing that HSBC Bank Middle East Limited, an indirect, wholly owned subsidiary of HSBC Holdings plc had entered into an agreement to sell its Pakistan operations to JS Bank Limited. This sale was subject to various conditions, including the approval of the State Bank of Pakistan. Unfortunately, these conditions have not been met and therefore the sale of HSBC’s Pakistan operations to JS Bank limited will not go ahead as planned.
At this time, HSBC is considering alternate strategic options and we will contact you in due course with further details.
What does this mean for you?
Please be assured that at present there are no changes to the products and services you hold with us and no action is required from you. We will contact you to give you notice of any forthcoming changes that may affect you.
Keeping you fully informed
We are committed to keeping you fully informed of any changes that will affect your banking services. It is our aim to continue to provide you with the highest standards of customer service and ensure that any changes are implemented with minimal inconvenience to you.
If you have any further questions, please do not hesitate to contact your Relationship Manager, or contact our Call Centre on 0800 – 85202 or refer to our FAQ document here.