Nov 19 (Reuters) - Nigeria's Bank PHB (PLATINU.LG) said on Friday it was in talks with a consortium of potential suitors led by a bank which could lead to its recapitalisation.
"The board of directors ... is pleased to announce that the bank has entered into exclusive negotiations with a consortium of international financial institutions, led by a bank," the lender said in a statement.
Banking sources familiar with the negotiations told Reuters this month that Habib Bank Ltd (HBL.KA) -- one of Pakistan's biggest lenders, which is majority owned by the Aga Khan Fund for Economic Development -- was in talks with Bank PHB about increasing its shareholding. [nLDE6A91UE]
Bank PHB was created in 2005 out of a merger between Habib's local subsidiary and Nigeria's then Platinum Bank, and Habib still has an interest in the lender.
Bank PHB is the third of nine Nigerian lenders rescued in a $4 billion bailout last year to issue a statement confirming it is in recapitalisation talks.
Union Bank (UBN.LG) and Finbank (FIRSTIN.LG) last month also said they were in talks with core investors.
"Please note that any ensuing transaction is subject to shareholders' and regulatory approvals," Bank PHB said.
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