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In June 2002, Union Bank acquired 10 branches of Emirates Bank in Pakistan for $18 million. [2] In 2006, Standard Chartered Bank acquired 81% of Union Bank's shares for US$413 million. Under Pakistani law, it had to delist Union Bank and make an offer for the outstanding shares; the offer raised the total purchase price to about US$511.
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Union Bank planned to release shares on the Dhaka Stock Exchange on 26 January 2022. [9] [15] BRAC EPL Investments Limited and Prime Bank Investment Limited were the issue managers of the bank. [16] On 30 June 2022, an investigation by Bangladesh Bank found that the Bank had provided majority of its loans to 300 companies that exist only on ...
In December 2021, the Bank announced that it had received a notification of an agreement by UGPL, Atlas Mara Limited and other majority shareholders to divest shareholding in Union Bank to Titan Trust Bank. Majority shareholders in Union Bank transferred an aggregate of 93.41% of the issued share capital of Union Bank held to Titan Bank.
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The company's logo The former Union Bank logo used from 1996 prior to the 2008 rebranding Former Union Bank logo from December 2008 to November 2017 A branch in Los Angeles Union Bank was an American national bank with 398 branches in California , Washington , and Oregon .
Union Bank of the Philippines, Inc., more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets. [ 2 ] UnionBank is a joint consortium among the Aboitiz Group , Insular Life , and Social Security System .
Union Bank of India, commonly referred to as Union Bank, is an Indian public sector bank headquartered in Mumbai. It has 153+ million customers and a total business of Rs.21,36,405 crores as of 30 June 2024. [ 7 ]