United Bank Limited (UBL): Sale of stake in United National Bank Limited (UK) – By Foundation Research
- United Bank Limited (UBL):
- United Bank Limited (UBL) announced conclusion of the sale of its subsidiary, UNBL (United National Bank Limited, UK).
- As per the latest filing by UBL to the PSX, the bank has conveyed conclusion of the sale of UBL’s holding in UNBL (United National Bank Limited, UK). The bank held a 55% stake in the company while 45% was owned by National Bank of Pakistan (NBP). The disposal is in line with the management’s long-term focus of strengthening its domestic profile while limiting international presence.
- Previously, the bank had highlighted intended...
