FWBL’s ownership transferred to EVE Holding RSC Limited

ISLAMABAD: The privatisation of First Women Bank Limited (FWBL) achieved financial close on Wednesday with the transfer of management control and ownership of the bank to EVE Holding RSC Limited, following the fulfillment of all conditions precedent, including receipt of requisite regulatory approvals.

Under the terms of the transaction, the government has divested its entire 82.64 percent shareholding in FWBL, marking a significant milestone in the country’s privatization programme and bringing to a successful conclusion a decade-long effort to privatize the bank.

The privatisation of FWBL is expected to unlock the bank’s growth potential under private ownership by enhancing operational efficiency, fostering innovation, and improving service delivery, particularly in advancing financial inclusion for women. This achievement underscores the Government’s continued commitment to reducing its footprint in commercial enterprises, attracting quality investment, and promoting a dynamic, private sector-led economy.

Copyright Business Recorder, 2026