October 20, 2014 1:18 AM ET

Banks

Company Overview of SME Bank Ltd.

Company Overview

SME Bank, Ltd. offers financial products and services to small and medium-sized enterprises in Pakistan. It provides lending products through loan facilities, asset finance, running finance, leasing, and tentative lending rates; and banking products, including daily product basis, saving accounts, basic banking accounts, and current accounts. The company also provides project financing, working capital, and business support services. In addition, it offers online banking services. The company has branches in Lahore, Karachi, Faisalabad, Peshawar, Gujranwala, Quetta, Sialkot, and Rawalpindi. SME Bank was founded in 1984 and is headquartered in Islamabad, Pakistan with recovery offices in Rawa...

Jang Plaza

2nd Floor

40 Fazal-ul-Haq Road

Blue Area

Islamabad,  1587

Pakistan

Founded in 1984

Phone:

92 51 921 7000

Fax:

92 51 921 7001

Key Executives for SME Bank Ltd.

Chief Executive Officer and President
Chief Financial Officer and Company Secretary
Head of Operations Division
Head of Credit Division
Country Head of Recovery Operations Division
Compensation as of Fiscal Year 2014.

SME Bank Ltd. Key Developments

CCoP To Announce New Menu Of Privatization

The current PPP government decided to take Pakistan Steel Mills and PIA off the privatization. The Cabinet Committee on Privatization (CCoP) approved a new menu of privatization based on public private partnership (PPP) with transfer of management control and 26% shares of 21 state owned enterprises (SOEs).The new policy also envisages transfer of 12% shares of all SOEs to the workers of these entities. CCoP has not fixed any timelines or targets for the completion of privatization process of the said SOEs and these would be taken to market when feasible. According to the Minister for Privatization, CCoP has approved privatization of four electric supply companies Faisalabad Electric Supply Company Limited, Quetta Electric Supply Company Ltd., Hyderabad Electric Supply Company Ltd. and Peshawar Electric Supply Company Limited. Besides, National Insurance Company Limited, Pakistan Reinsurance Company Ltd. (KASE:PAKRI) and State Life Insurance Corporation of Pakistan Ltd will also be privatized. The approval has also been granted to the privatization of SME Bank Ltd., National Power Construction Corporation (Pvt) Limited, Pakistan Railways, Heavy Electrical Complex (Pvt.) Ltd., Pakistan Machine Tool Factory (Pvt) Ltd., The Pakistan Tourism Development Corporation, Utility Stores Corporation of Pakistan, Pakistan Post Office Department and Kot Addu Power Co. Ltd. (KASE:KAPCO). Similarly, Privatization of Pakistan Post would be based on PPP model and this important organization would be converted into a Post Office Bank after privatization. The Cabinet Committee on Privatization (CCoP) approved leasing out of Thermal Power Stations of Jamshoro Power Company Limited.

Pakistan Privatization Commission To Privatize 71 Companies

The Privatization Commission has formally prepared a list of 71 Public Sector Entities (PSEs) for divestment on fast-track basis subject to reaffirmation by the Council of Common Interests (CCI) of its approved privatization programme. The list includes banks, insurance companies, energy sector companies Pakistan International Airlines Corporation (KASE:PIAA), National Fertilizer Company (NFC) and Pakistan Steel Mills (PSM), sources close to Finance Minister told Business Recorder. The proposed list of companies in banking and finance , fertilizers, engineering and automobiles includes Pakistan Engineering Company Limited (KASE:PECO), Habib Bank Limited (KASE:HBL), National Bank of Pakistan (KASE:NBP), Allied Bank Limited (KASE:ABL), United Bank Ltd. (KASE:UBL), Pakistan Steel Mills Corporation (Pvt.) Ltd., Pakistan Reinsurance Company Ltd. (KASE:PAKRI), Morafco Industries Ltd., National Investment Trust Limited, State Life Insurance Corporation of Pakistan Ltd, First Women Bank Ltd., House Building Finance Corp., Pakistan Machine Tool Factory (Pvt) Ltd., Sindh Engineering Ltd., National Fertilizer Corporation of Pakistan (Private) Limited, Pakistan Steel Fabricating Company Limited, State Engineering Corporation, SME Bank Ltd., National Insurance Company Limited, National Construction Limited, Republic Motors (Pvt.) Limited and Heavy Electrical Complex (Pvt.) Ltd.

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