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Home / Uncategorized /  Govt shares rise to 72%: Rs500m injected in FWBL to boost public confidence
 Govt shares rise to 72%: Rs500m injected in FWBL to boost public confidence

 Govt shares rise to 72%: Rs500m injected in FWBL to boost public confidence

KARACHI: With a view to minimum Capital requirement (MCR) and boost trust in the bank, the government injected Rs500 million as equity in the First Women Bank Ltd. (FWBL), increasing the government shares to 72 percent.

It is to be noted that the State Bank reset MCR for FWBL in January last under which the bank needs to maintain paid-up capital of Rs3 billion. The injection of the amount increased the government share in the bank by 72%. The remaining shares are held by the five big commercial banks – NBP, HBL, MCB, UBL and ABL.