As per Jang news, Maybank of Malaysia is interested in 10 to 20 pc stake of MCB. The 10pc stake of MCB will cost Maybank 410 million dollars.

KUALA LUMPUR: Malaysia's largest lender, Maybank is exploring the possibility of buying a strategic stake in Pakistan's MCB Bank, a Malaysian newspaper reported on Saturday.

MCB is the largest bank in Pakistan, whose strongly performing banking industry ranks among the world's most profitable after five years of financial reform, economic growth and rising incomes.

Malaysia's Maybank is interested in buying a stake of 10 to 20 percent in MCB, the weekly said, quoting unidentified sources.

Shares of MCB Bank trade at almost 6.4 times book value, pricing a 10 percent equity stake at nearly $414 million, data shows.

Pakistan's banking sector has more than doubled in total assets over the past five years to 4,884 billion rupees ($78 billion), central bank data show.

http://www.thenews.com.pk/updates.asp?id=42689

Maybank total asset is more than 10 times that of mcb, however profit is 4 times...

we should resist this, atleast some companies should remain in local hands..

10 or 20 pc shares are not the management shares, the management of the bank will lie in same hands as before. Maybank willl be able to have its pesence on board and it may prove to be an entry point of increased trading between Malaysia and Pakistan. Both Malaysia and Pakistan have signed an FTA. Maybank from here in Kuala Lumpur offers money repatriation in Pak rupee also, so it will be good for Pakistanis living over here to have better connection with banks in Pakistan.