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Société General (Karachi Branch)

$12.6 million
Project Brief
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Société Générale, a French company, received a $12.6 million debt and equity guarantee from MIGA for a new branch bank in Pakistan. The Karachi branch will provide a wide range of banking services to its national and international customers, aiding in the development of Pakistan's financial sector. The branch will create some forty-seven new jobs and generate an estimated $2.6 million in tax revenues during its first five years. MIGA's guarantee covers the risks of currency transfer and expropriation.