Following a strategic review of its operations and activities in the country, HSBC Bank Middle East Limited, an indirect wholly–owned subsidiary of HSBC Holdings plc, has entered into an agreement to sell its banking operations in Pakistan to Meezan Bank Ltd.
The transaction remains subject to customary closing conditions (including formal approval from the State Bank of Pakistan) and is anticipated to be completed during the fourth quarter of this year.
What happens now?
Following this announcement, no action is required from you. We will continue to provide updates to you if there are any changes to your banking arrangements and the services we provide.
Keeping you fully informed
We are committed to keeping you fully informed of further developments on the transaction and ensuring that your interests are taken care of throughout this transition period.
If you have any further questions, you can speak with your Relationship Manager or contact our Call Centre on 0800 – 85202.
Issued by HSBC Bank Middle East Limited, 9th Floor, Bahria Complex III, M.T.Khan Road, Karachi. Regulated by the Jersey Financial Services Commission. CRN 131230.