In November, UBL submitted an offer to Silk Bank Limited for an amalgamation, aiming to merge Silk Bank into UBL. Following ...

In November, UBL submitted an offer to Silkbank Limited for an amalgamation, aiming to merge Silkbank into UBL. Following ...

KARACHI: United Bank Ltd (UBL), one of the top five banks in the country, has acquired Silkbank Ltd (SBL), increasing its footprint substantially.

The State Bank of Pakistan (SBP) has officially sanctioned the amalgamation of Silk Bank Limited (SBL) with United Bank ...

United Bank Limited (UBL) has announced the successful amalgamation of Silkbank Limited (SBL) with and into UBL, that has come into effect from 11th March 2025, marking a pivotal step in its journey ...

Moody’s Ratings upgraded its outlook on Pakistan’s banking sector to positive, citing improved operating conditions and ...

Moody’s Ratings upgraded its outlook on Pakistan’s banking sector to positive, citing improved operating conditions and resilient financial performance, the agency said on ...

KARACHI: Amid growing concerns over Pakistan’s cash-dominated economy, bankers at a recent summit in Karachi called for a comprehensive digital policy to complement fiscal and monetary policies, ...

In its market review, Topline Securities remarked that after enduring four consecutive bearish sessions, bulls made a strong ...

On Friday, the PSX closed on a bullish note, surging 686 points as investors anticipated a reduction in the State Bank of ...

Meezan and HBL report strong profits, while BML and BOP struggle with losses, exposing risks in Pakistan’s banking sector.

Silk Bank has officially merged into United Bank after SBP's approval, with a share swap ratio of 1:325, effective March 11, 2025.