KARACHI, September 12, 2023: Pakistan’s leading bank-United Bank (UBL) has announced to sale of United National Bank Limited UK (UNBL UK) to Bestway Group, and the establishment of an Exchange Company. According to a notice to the Pakistan Stock Exchange (PSX), the management has informed that UBL board approved the sale of its 55% stake…
This step reflects the bank’s vision to provide innovative and diverse banking products that meet the needs of various customer segments and enhance the bank’s position in the banking services market. Cairo, 6 September, 2023: aiBANK, a leading provider of integrated retail, corporate, and Islamic banking solutions in Egypt, announced the launch of the upfront-interest…
KARACHI, August 23, 2023: The first half of 2023 has marked its significance for BankIslami, as it attained a notable milestone by securing a ‘AA-’ long term entity rating assigned from PACRA. This rating upgrade acknowledges the outstanding performance the Bank has consistently delivered in recent periods. Further, the Bank also takes pride in the…
Karachi, March 10, 2021: HBL and Huawei Pakistan signed a Memorandum of Understanding (MoU) to cement their strategic partnership, through projects focused on financial and technological innovation, enabling HBL to augment its existing processes and systems. Both organizations have already completed milestone projects in 2020, such as the Promissory Note discounting project and the SD-WAN…
Karachi, October 28, 2020: RapidCompute, Pakistan’s largest local cloud service provider, announced the formal launch of its Cloud Services designed especially for the Banking Sector and Financial Institutions. The company has established dedicated datacenters for banking operations with the highest level of security and compliance checks, keeping in mind all legal and policy requirements by…