KARACHI: The government has completed the privatisation of First Women Bank Limited (FWBL), with financial close achieved on April 15 following the transfer of management control and ownership to EVE Holding RSC Limited, a statement said on Thursday.
The transaction was finalised after all conditions precedent were met, including the receipt of required regulatory approvals. Under the deal, the government divested its entire 82.64 per cent stake in the bank, concluding a decade-long effort to privatise the lender.
The sale is expected to unlock FWBL’s growth potential under private ownership by improving operational efficiency, encouraging innovation and strengthening service delivery, particularly in expanding financial inclusion for women.
