External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>In a notice to the exchange, United Bank (UBL) informed that the BOD approved (1) the sale of United National Bank Limited UK (UNBL UK) to Bestway Group, and (2) the establishment of an Exchange Company.</li><li>UBL board approved the sale of its 55% stake in UNBL UK to the Bestway Group. Notice mentioned that the UNBL UK contributed Rs0.57 to the Consolidated EPS of UBL for 1H2023 and EPS of Rs0.48 for full year 2022.</li><li>UNBL UK is an banking institution incorporated in the United Kingdom. UNBL UK was formed in 2001 from the merger of the UK branches of United Bank Limited and National Bank of Pakistan.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In a notice to the exchange, United Bank (UBL) informed that the BOD approved (1) the sale of United National Bank Limited UK (UNBL UK) to Bestway Group, and (2) the establishment of an Exchange Company.UBL board approved the sale of its 55% stake in UNBL UK to the Bestway Group. Notice mentioned that the UNBL UK contributed Rs0.57 to the Consolidated EPS of UBL for 1H2023 and EPS of Rs0.48 for full year 2022.UNBL UK is an banking institution incorporated in the United Kingdom. UNBL UK was formed in 2001 from the merger of the UK branches of United Bank Limited and National Bank of Pakistan.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Topline Flash Note: United Bank Limited (UBL): UBL to Sell United National Bank Limited UK (UNBL UK)

United Bank Ltd

Topline Flash Note: United Bank Limited (UBL): UBL to Sell United National Bank Limited UK (UNBL UK)