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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.
[5] [6] At the time of the merger, Standard Chartered was the largest foreign bank in Pakistan and operated in all four provinces, maintaining a network of 21 branches. [4] In 2006, Standard Chartered Bank acquired Union Bank in Pakistan. On 30 December 2006, Standard Chartered merged Union Bank with its own subsidiary, Standard Chartered Bank ...
In 2002, the Government of Pakistan sold 51% of its shares of the bank [4] to a consortium of Abu Dhabi Group and Bestway. Also, the bank merged its operations in the United Kingdom with those belonging to National Bank of Pakistan to form United National Bank Limited. United Bank owns 55% of the joint-venture and National Bank of Pakistan owns ...
The State Bank of Pakistan gained autonomy, and United Bank Limited, which had collapsed, was recapitalized under central bank management. [1] In 1997, Pakistan initiated banking reforms to address long-standing issues within major state-owned banks, such as the National Bank of Pakistan (NBP), Habib Bank Limited (HBL), and United Bank Limited ...
Within Pakistan the same number can be reached by dialing either 03XZ-YYYYYYY or '0092-3XZ-YYYYYYY' or '+92-3XZ-YYYYYYY' from any mobile device or landline. In order to dial a landline number from a mobile phone in Pakistan, city code is required in all cases. However, city code is not required between landline calls within the same city.
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion. [11]
Union Bank (Pakistan) This page was last edited on 1 August 2016, at 21:06 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 License ...
Union Bank of Norway, branded as Sparebanken NOR; Unionbank (Philippines), a Philippine bank created in 1968; Union Bank (Pakistan) Union Bank (Pembrokeshire), England; Union Bank of Scotland, now part of Bank of Scotland; Union Bank of Switzerland; Union Bank (Tallahassee, Florida) Union Bank of Taiwan; Union Bank & Trust Company of Nebraska ...