CDC offers Sub Account opening facility through Banks across Pakistan
CDC has played a vital role in providing opportunities of easy access to Capital Market for the common investor. Continuing with this resolve to increase Capital Market outreach and convenience for retail investors, CDC initiated the drive to encourage banks to offer Sub Account Opening facility through their branches. As a result, CDC signed a Depository Participant agreement with United Bank Limited (UBL) in March 2017 through which UBL customers can open accounts with CDC and conduct transactions through designated UBL branches.
Now four Banks have joined this initiative including Summit Bank, BankIslami Pakistan and Bank Al-Habib. These banks are providing Sub Account Opening service to their customers all across Pakistan including major cities of Karachi, Lahore and Islamabad. Details of bank branches offering this service are available on CDC’s website www.cdcpakistan.com