United Bank Limited (UBL): UBL to sell United National Bank Limited UK (UNBL UK); CAR will improve – By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In a notice to the exchange, United Bank (UBL) informed that the BOD approved (1) the sale of United National Bank Limited UK (UNBL UK) to Bestway Group, and (2) the establishment of an Exchange Company.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">UBL board approved the sale of its 55% stake in UNBL UK to the Bestway Group. Notice mentioned that the UNBL UK contributed Rs0.57 to the Consolidated EPS of UBL for 1H2023 and EPS of Rs0.48 for full year 2022.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">UNBL UK is an banking institution incorporated in the United Kingdom. UNBL UK was formed in 2001 from the merger of the UK branches of United Bank ...