United Bank Limited (UBL): UNBL UK deal conclusion to result in gains of PkR7.2bn – By AKD Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">UBL has successfully concluded the transaction for the sale
of UBL’s shareholding in United National Bank Limited UK (UNBL UK), after
obtaining all the regulatory approvals.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">UBL owns 55% shareholding in United National Bank Limited UK
(UNBL UK).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">UNBL was formed in 2001 from the merger of the UK branches
of UBL and NBP. The principal activities of UBL UK are to provide retail
banking, wholesale banking and treasury services to financial institutions and
trade finance facilities to businesses of all sizes. UNBL operates 1 branch
inside United Kingdom....
