VOL. XXX
NO. 16
26-JANUARY-1987
Financial and Banking News
INVESTMENT ACTIVITIES
UBK Buys into UK Mortgage Company, Launches Managed Fund
The London-based United Bank of Kuwait (UBK) last week announced a 5.1% stakein the Birmingham-based mortgage bank, National Home Loans Corporation. Togetherwith its holdings of 8.3mn-worth of convertible stock in the corporation, UBK'sunderlying equity stake is now close to 10%. National Home Loans has been inexistence for 18 months, and is actively involved in...
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