The United Bank Limited (UBL) has launched Margin Finance Facility here, on Friday, said a press release. Initially targeting brokerage firms, financial institutions and corporate clients, the UBL has medium term plans for extending the product to cover its wide base of individual clients as well, the statement added.
Employing its core expertise in wholesale banking and strong institutional client relationships, the UBL will continue to expand its leadership position in capital markets.
With the imminent phase out of COT, where UBL has been a significant player, the role of commercial banks will be significantly increased and UBL is well placed to further strengthen its presence, the statement said.-PR