Last checked at 1 Dec 2009 10:33
RNS Number : 3724D
United Bank Limited
01 December 2009
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
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