Arab Finance: Orascom Telecom (ORTE) acquired (via its fully controlled banking unit Oracap) 100 % of Waseela Bank for microfinance in Pakistan at $ 11.5 million; Alborsa daily newspaper cited a source in OT as saying.
OT completed regulatory approvals in Pakistani market to acquire the bank. The source told the paper that OT has set a 3-year plan to restructure finance business in Waseela on the long term to increase finance value and widen customer base.
Source: Alborsa newspaper & Arab Finance editor
OT completed regulatory approvals in Pakistani market to acquire the bank. The source told the paper that OT has set a 3-year plan to restructure finance business in Waseela on the long term to increase finance value and widen customer base.
Source: Alborsa newspaper & Arab Finance editor
