Karachi, November 1, 2024: United Bank Limited (UBL) has officially submitted an offer to amalgamate Silkbank Limited with itself, as part of a strategic initiative aimed at enhancing its market presence and operational efficiency. The proposed amalgamation will be executed under a scheme to be filed with and sanctioned by the State Bank of Pakistan…
Islamabad, December 14, 2023 : The trading day for Pakistani equities commenced with a downward trend, extending its decline to revisit the previous day’s lows at around 64,400. However, buyers stepped in and effectively maintained support at this level once again. The market index then traded within a specific range for the remainder of the…
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…
Karachi, February 25, 2021: UBL announced its CY20 financial result on Feb-25th, wherein the bank recorded a PAT of PKR 20,789 million as compared to PKR 19,048 million in CY19, up by 9 percent YoY. EPS was clocked in at PKR 17.12. Bank also dividend of PKR 9/share, taking the cumulative dividend PKR 12 for…
London, December 2, 2020: UBL has been recognized as the “Bank of the Year 2020 – Pakistan” at the Banker Awards. The virtual awards ceremony was held on 2nd December 2020 in London. The Banker, an affiliate of the Financial Times UK, is the world’s leading financial publication for the last 94 years. The most prestigious…