UBL completes sale of UNBL UK shareholding
KARACHI: United Bank Limited (UBL) has finalized the sale of its shareholding in United National Bank Limited UK (UNBL UK), following the receipt of all necessary regulatory approvals, according to a filing with the Pakistan Stock Exchange (PSX) on Friday.
“We are pleased to convey that the transaction for the sale of UBL’s shareholding in UNBL, after obtaining all the regulatory approvals, has been concluded,” stated the bank in its notification.
According to AKD Research, UBL held a 55 per cent stake in UNBL UK.UNBL UK was established in 2001 through the merger of the UK branches of UBL and NBP. Its primary operations include retail banking, wholesale banking, treasury services for financial institutions, and trade finance solutions for businesses of varying sizes.UBL UK currently operates a single branch within the UK.
-
Jaden Smith Walks Out Of Interview After Kanye West Question At Film Premiere -
Why Halle Berry Wasn't Ready For Marriage After Van Hunt Popped Question? Source -
Michelle Obama Gets Candid About Spontaneous Decision At Piercings Tattoo -
Bunnie Xo Shares Raw Confession After Year-long IVF Struggle -
Brooks Nader Reveals Why She Quit Fillers After Years -
Travis Kelce Plays Key Role In Taylor Swift's 'Opalite' Remix -
How Jennifer Aniston's 57th Birthday Went With Boyfriend Jim Curtis -
JoJo Siwa Shares Inspiring Words With Young Changemakers -
James Van Der Beek Loved Ones Breaks Silence After Fundraiser Hits $2.2M -
Disney’s $336m 'Snow White' Remake Ends With $170m Box Office Loss: Report -
Travis Kelce's Mom Donna Kelce Breaks Silence On His Retirement Plans -
Premiere Date Of 'Spider-Noir' Featuring Nicolas Cage Announced -
Pedro Pascal's Sister Reveals His Reaction To Her 'The Beauty' Role -
Kate Middleton Proves She's True 'children's Princess' With THIS Move -
Paul Anka Reveals How He Raised Son Ethan Differently From His Daughters -
'A Very Special Visitor' Meets Queen Camilla At Clarence House