| Title: | United Bank Ltd. |
| Price: | $550.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | Company Profile |
| Brief Excerpt: | ...United Bank Limited (UBL) is the thir d-largest commercial bank in Pakistan, with total assets of PKR### billion (USD#.# billion). UBL operates a country- wide network of #,### branches including # Islamic banking branches and has the second-largest ATM network in Pakistan complemented by moderate overseas operations. United Bank Limited was founded in ####. The bank was nationalised in ####, as part of the nationalisation of large private sector entities. UBL was partially privatised in September ####: a consortium of Abu Dhabi Group (comprising individual investors) and Bestways Group (UK) offered the highest bid for a ##% stake and management rights in the bank: each Group has an equal stake. In June #### t he Pakistan Privatisation Commission offered #.#% of that shareholdi ng to the market through an IPO. The government s stake was further partially diluted in June ####, when it disinvested ##% of total shareholding of the bank in the form of Global Depository Receipts... |
| Word Count: | 2427 |
| Length: | 7 Pages |
| Issuer: | United Bank Ltd. |
| Format: | 
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