Utd.bk (regs) Regulatory News (UBLS)

1 Dec 2009 10:33



Press Release

The United Bank Limited would like to inform all its customers and stakeholders that its UAE balance sheet and operations are healthy and robust and are not challenged by the current financial crisis in the Emirate.

The bank's exposure to Dubai World and its entities is US$ 20 million, which constitutes less than 2% of its UAE book and less than 0.3% of the total book.

Karachi

Dated : December 1, 2009

___________________ ______________

Aameer Karachiwalla Aqeel Nasir

Chief Financial Officer Company Secretary & 

Chief Legal Counsel

+ 92 (21) 3240 0412 +92 (21) 3240 0419

United Bank Limited

8th Floor, II Chundrigar Road

State life Building No. 1

Karachi, Pakistan