SBP Policy for Opening of Overseas Office
Saturday, March 7, 2009
Summary of the BPRD Circular No. 05 of 2009 issued by State Bank of Pakistan is that;
Banks are required to include / appoint following personnels for overseas operations in branch/subsidiary mode.
- Head of overseas operations of a bank at head office level,
- Country Head/Regional Head (where a region is consisting of more than one foreign countries),
- CEO/Head of subsidiary banking company outside Pakistan and
- CEO of Joint Venture (where majority stake is with the bank incorporated in Pakistan & authority to appoint CEO).
Click here! to see details of the circular.
posted @ 9:41 AM,
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