NIB Bank Limited’s due diligence of Citibank N.A. Pakistan’s consumer finance business by

Karachi, June 27, 2012 (PPI-OT): This is to inform you that the State Bank of Pakistan vide letter No. BPRD (R and P-02)/625-93/2012/7784 dated 25th June 2012 has granted approval to NIB Bank Limited (NIB) to conduct due diligence of Citibank NA. Pakistan’s Consumer Finance Business (i.e. credit cards, auto and personal loans).

The due diligence is subject to review of information Memorandum by NIB Bank Limited and agreement by both the Banks to proceed further with the transaction.

For more information, contact:
Ather Ali Khan
Company Secretary
NIB Bank Limited
Muhammadi House
I.I. Chundrigar Road, Karachi
UAN: 111-333-111
Fax: (92-21) 32417503

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