Union Bank (Pakistan)
Credit Cards, Savings, Consumer Banking etc. | |
| Total assets | US$2 Billion (2006) |
|---|---|
Union Bank was a Pakistani bank based in Karachi, Pakistan. It was established in 1991 with its headquarters in Lahore, Pakistan. In 2000 the bank relocated its headquarters to Karachi.
Prior to the merger with Standard Chartered Bank in 2006, it was Pakistan's eighth largest bank and had 65 branches in some 22 cities, about US$2 billion in assets, and about 400,000 customers.[1]
History
In 2000, Union Bank acquired Bank of America's operations in Pakistan. Then in July 2001, Union Bank signed an Independent Operator agreement for American Express Cards in Pakistan. In 2002, Union Bank acquired the operations in Pakistan of Emirates Bank International. This purchase helped Union Bank become one of the larger private banks in the country.
In 2006,
See also
References
- ^ "Two major banks are in merger talks". 16 May 2006.
- ^ "Standard Chartered Acquisition of 95.37% Interest in Union Bank Ltd" Standard Chartered, 6 September 2006
- ^ "Standard Chartered acquires Union Bank" The Dawn, 5 September 2006
- ^ "Standard Chartered Bank (Pakistan) Limited | EMIS " securities.com