Almaty: Punjab National Bank may buy a stake in small Kazakh lender Metrokombank, the bank said on Friday.
"The deal will take place once several conditions are met, including a due diligence check and regulatory approvals," Metrokombank said in a statement.
It did not disclose the size or any other details of the potential deal.
Metrokombank had assets of USD 35 million as of August 1, making it one of the smallest banks in the oil-rich Central Asian state.
Bureau Report
First Published: Friday, September 18, 2009, 13:01