PNB may buy stake in Kazakh’s Metrokombank

PNB may buy stake in Kazakh’s Metrokombank
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First Published: Fri, Sep 18 2009. 01 33 PM IST
Updated: Fri, Sep 18 2009. 01 33 PM IST
Almaty: Punjab National Bank may buy a stake in small Kazakh lender Metrokombank, Metrokombank said on Friday.
“The deal will take place once several conditions are met, including a due diligence check and regulatory approvals,” Metrokombank said in a statement.
It did not disclose the size or any other details of the potential deal.
Metrokombank had assets of $35 million as of 1 August, making it one of the smallest banks in the oil-rich Central Asian state.
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First Published: Fri, Sep 18 2009. 01 33 PM IST