The Board of Directors of United Bank Limited (UBL) [PSX: UBL], in its 252nd meeting held on Monday, approved the amalgamation of Silkbank Limited (SBL) with and into UBL through a share swap arrangement. The merger, undertaken in accordance with Section 48 of the Banking Companies Ordinance, 1962, aims to streamline operations and enhance value…
Karachi, Pakistan – November 29, 2024 United Bank Limited (UBL), one of Pakistan’s leading financial institutions, has entered into a strategic partnership with KTrade Securities to make stock investing more accessible and seamless for its customers. This collaboration marks a significant step towards financial empowerment and fostering investment opportunities in the country. The partnership was…
United Bank Limited (PSX: UBL) has claimed the title of Pakistan’s most valuable bank, surpassing Meezan Bank Limited (PSX: MEBL) in market capitalization. Mohammed Sohail, CEO of Topline Securities, shared the milestone in a recent LinkedIn post, revealing that UBL’s market capitalization has surged to Rs. 426 billion ($1.5 billion). This achievement places UBL as…
In a significant development in Pakistan’s banking sector, the Board of Directors of Silkbank Limited (PSX: SILK) has granted in-principle approval for a potential merger with United Bank Limited (PSX: UBL). The decision was made during a board meeting held on November 6, 2024. The merger, which would be structured as a scheme of arrangement,…
KARACHI: United Bank Limited (UBL), one of Pakistan’s largest commercial banks, has formally submitted an offer to amalgamate Silkbank Limited, proposing to merge Silkbank’s operations into UBL. The development was disclosed in a notice sent to the Pakistan Stock Exchange (PSX) on Friday. In its statement, UBL shared, “Further to our disclosure dated 28 April…
KARACHI – United Bank Limited (UBL) has announced its financial results for the third quarter of 2024, posting a record profit of Rs. 18.3 billion, translating to earnings per share (EPS) of Rs. 14.96. This marks a significant 24 percent year-on-year (YoY) and quarter-on-quarter (QoQ) growth. According to Topline Securities, this is the highest-ever quarterly…
UBL Partners with Systems Limited and Temenos to Launch Digital Frontend Platform, Ushering in a New Era of Banking Excellence Karachi – United Bank Limited (UBL) has taken a major step forward in its digital transformation journey through a strategic partnership with Systems Limited and Temenos, successfully launching the state-of-the-art Temenos Digital Frontend (DFE) platform….
Karachi, Pakistan – TPL Maps, Pakistan’s leading location-based services provider, has announced a strategic partnership with United Bank Limited (UBL), one of the country’s largest financial institutions, to drive innovation and optimize digital banking operations. This collaboration marks a significant step in both organizations’ efforts to empower businesses with cutting-edge technology and accelerate Pakistan’s digital…
Islamabad – September 2024: In a strategic move aimed at boosting financial digitization, JazzCash has announced a partnership with United Bank Limited (UBL) to streamline the process for its agents across Pakistan to deposit funds into their JazzCash retailer accounts. This collaboration provides JazzCash agents with a seamless, secure, and efficient way to manage their…
United Bank Limited (PSX: UBL) on Monday organized an official launch ceremony of its wholly-owned subsidiary, UBL Currency Exchange (Private) Limited (UBLCEPL), in Karachi. The launch ceremony was attended by Governor State Bank of Pakistan Jameel Ahmad, President & CEO UBL Muhammad Jawaid Iqbal, along with other senior team members of SBP and UBL.The Board…
