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State Bank grants NOC to Atlas Bank

KARACHI (May 25 2003) : The State Bank of Pakistan (SBP) has granted “No Objection Certificate” to Atlas Investment Bank Limited (AIBL) for the establishment of exchange company.

The name of the company is Atlas Exchange Company Limited (AECL) which will be wholly owned subsidiary of the Atlas Investment Bank.

Atlas Bank is the first investment bank to get this permission.

AECL will be another addition to AIBL's diversified activities, which include equity brokerage, asset management, leasing, project financing, corporate finance and investment in capital market.

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