Dutch bank ABN Amro has entered into agreements to acquire a 93.4 per cent interest in Pakistan’s Prime Bank for a cash consideration of €172 million. ABN Amro is already the third largest foreign bank in Pakistan and this acquisition will make the combined entity the second largest foreign bank and one of the top 10 banks in the country with over 80 branches. Prime Bank’s concentration of branches in the major cities will enable ABN Amro to quickly access an under penetrated, fast growing mass affluent client base in Pakistan, providing an opportunity to implement a differentiated service level and multi-product offering, according to a statement from the bank.