Business & Finance UBL absorbs Silk Bank after SBP approval In a key development on the banking front, the State Bank of Pakistan (SBP) has approved the amalgamation of Silk... Updated 11 Mar, 2025 11:11pm
Business & Finance UBL posts Rs75.8bn profit in 2024, up 34% YoY United Bank Limited (UBL), one of Pakistan’s largest commercial banks, posted consolidated earnings of a massive... Published 19 Feb, 2025 01:19pm
Business & Finance Pakistani banks among best performing banking stocks in 2024: S&P Global Market Intelligence In a positive development for the country’s banking sector, Pakistani banks outshined their regional partners... Updated 08 Jan, 2025 10:45pm
Markets PSX record rally: more Pakistani companies join billion-dollar club Number of companies with over billion-dollar capitalisation increases from six in May 2024 to 11 in December 2024 Published 16 Dec, 2024 04:16pm
Business & Finance One for 325: UBL board approves merger with Silkbank via share swap United Bank Limited (UBL), one of Pakistan’s largest commercial banks, has approved the amalgamation of Silkbank... Updated 03 Dec, 2024 05:10pm
Business & Finance Silkbank’s board grants in-principle approval for UBL merger The Board of Directors (BoD) of Silkbank Limited have granted their in-principle approval for a potential merger... Published 06 Nov, 2024 02:45pm
Business & Finance UBL submits merger offer to Silkbank Proposes share swap for amalgamation Updated 01 Nov, 2024 11:01pm
Business & Finance UBL’s profit clocks in at massive Rs15.3bn in 2QCY24 United Bank Limited (UBL), one of Pakistan’s largest commercial banks, posted consolidated earnings of a massive... Updated 31 Jul, 2024 05:59pm
Business & Finance Transaction complete: UBL sells off stake in its UK subsidiary to Bestway Group United Bank Limited (UBL), one of Pakistan’s largest commercial banks, has successfully concluded the transaction... Updated 05 Jul, 2024 07:09pm
Business & Finance Higher gains on securities: UBL’s profit up 12% during Jan-March United Bank Limited (UBL), one of the country’s largest commercial banks, posted consolidated earnings of Rs16.14... Updated 17 Apr, 2024 02:41pm
Business & Finance UBL’s profit clocks in at Rs56.5bn, up 76% in 2023 United Bank Limited (UBL), one of the country’s largest commercial banks, posted consolidated earnings of Rs56.47... Updated 21 Feb, 2024 10:05pm
Business & Finance Enforcement action: SBP imposes over Rs465mn in penalties on 10 banks The State Bank of Pakistan (SBP) imposed penalties worth Rs465.08 million on 10 banks during the quarter ended... Updated 30 Jan, 2024 10:46pm
Business & Finance Askari Bank latest to establish wholly-owned Exchange Company Askari Bank Limited, a subsidiary of Fauji Foundation, announced on Friday it will establish an Exchange Company... Updated 27 Oct, 2023 10:57pm
Business & Finance UBL’s profit up 128% during July-September United Bank Limited (UBL), one of the country’s largest commercial banks, posted earnings of Rs15.04 billion for the... Published 25 Oct, 2023 04:06pm
Markets Enforcement action: SBP imposes over Rs83mn in penalties on four banks The State Bank of Pakistan (SBP) imposed penalties worth Rs83.2 million on four banks during the quarter ending... Updated 25 Oct, 2023 10:32pm
Business & Finance EC also to be set up: UBL board approves divestment of stake in UNBL UK KARACHI: The board of directors of United Bank Limited (UBL), in its meeting held on September 11, 2023 made... Published 13 Sep, 2023 06:17am
Markets UBL says will establish wholly-owned Exchange Company The Board of Directors (BoD) of United Bank Limited (UBL), one of the largest commercial banks in the country, has... Updated 12 Sep, 2023 03:29pm
Business & Finance 1H2023: UBL earns Rs52bn PBT KARACHI: United Bank Limited (UBL) declared a consolidated profit before tax (PBT) of Rs 52.0 billion for the half... Published 22 Jul, 2023 06:06am
Business & Finance Pakistan’s central bank designates NBP, HBL & UBL as D-SIBs The State Bank of Pakistan (SBP) on Wednesday announced the designation of Domestic Systemically Important Banks... Published 19 Jul, 2023 04:32pm
Business & Finance Silkbank to formally pursue potential merger with UBL The Board of Directors (BoD) at Silkbank Limited has given its go-ahead to the management to formally pursue the... Updated 02 May, 2023 04:22pm
Business & Finance Jawaid Iqbal appointed UBL President, CEO Replaces Shazad G. Dada who stepped down for 'personal reasons' upon completion of three-year term Updated 03 Apr, 2023 04:18pm
Pakistan Moody's downgrades five Pakistani banks Also downgrades the five banks' long-term foreign currency Counterparty Risk Ratings (CRRs) to Caa3 from Caa1 Updated 03 Mar, 2023 09:14pm
BR Research Big banks grow steadily The 9MCY22 banking earning season has been a stellar one for the big 5 banks, on pretax profit grounds. The big five... Published 15 Nov, 2022 08:58am
Pakistan Moody's downgrades ratings of five Pakistani banks; maintains negative outlook Moody’s says rating actions reflect the Government of Pakistan's reduced capacity to support the banks Updated 11 Oct, 2022 08:42pm
Pakistan Moody's downgrades 5 Pakistani banks' outlook to negative from stable, affirms B3 ratings Development comes after ratings agency first downgraded Pakistan’s outlook to negative from stable and then that of Wapda’s Updated 08 Jun, 2022 11:06pm
Business & Finance MCB gets SBP's approval for due diligence of Telenor Microfinance Bank The State Bank of Pakistan (SBP) has granted approval to MCB to commence the due diligence process as it eyes to... Published 21 Feb, 2022 02:44pm
Business & Finance 55% shares: UBL gets SBP's approval for due diligence of Telenor Microfinance Bank The State Bank of Pakistan (SBP) has granted in-principle approval to United Bank Limited (UBL) to commence the due... Published 08 Feb, 2022 01:11pm
BR Research UBL – banking on investments 2021 has started on a smooth note for banks. UBL was the latest to rake up good profit numbers for 1QCY21 –... Published 27 Apr, 2021 07:30am
BR Research UBL consolidates profits UBL may not have matched the profit growth of its peers, but still raked in a sizeable double-digit after-tax growth... Published 28 Oct, 2020 07:35am