- Home
- Business
- News
- UBL partners with U Microfinance Bank Limited to promote financial inclusion in Pakistan
UBL Partners With U Microfinance Bank Limited To Promote Financial Inclusion In Pakistan
Umer Jamshaid Published December 01, 2021 | 10:06 AM
United Bank Limited (UBL) and U Microfinance Bank Limited (U Bank) recently signed a Memorandum of Understanding to promote financial inclusion in Pakistan and to open up multiple avenues for collaboration
Lahore (UrduPoint / Pakistan Point News - 01st January, 2021) United Bank Limited (UBL) and U Microfinance Bank Limited (U Bank) recently signed a Memorandum of Understanding to promote financial inclusion in Pakistan and to open up multiple avenues for collaboration, including Medium to Long Term Debt Funding, Retail TFC, Islamic Microfinance Funding, Commercial Paper and synergizing their respective business to scale. The ceremony was held in UBL Head Office in Karachi.
The signing ceremony was presided by Mr. Shazad G Dada, President & CEO UBL and Mr. Kabeer Naqvi, President & CEO U Microfinance Bank Limited along with senior executives of both banks including Mr. Farooq A Khan, Group Head CIBG & FI, Mr. Muhammad Tayyab Khurshid, Unit Head FI and other executives from UBL and Ms. Mariam Pervaiz, Chief Commercial Officer & Chief of Staff, Mr. Muhammad Farooq Kamran, Head of CB&I and Mr.
Mohsin Aslam, Head Budgeting Planning and Corporate Finance from U Microfinance Bank Limited.
Mr. Shazad G Dada, President & CEO UBL, at the event, said “As the ‘Best Digital Bank’ of Pakistan, we are looking forward to our strategic alliance with U Bank, with the aim of expanding the scope of financial inclusion across the country. It presents an exciting opportunity to further strengthen our digital prowess to bring state of the art financial solutions to our combined customer bases.”
Mr. Kabeer Naqvi, President & CEO U Bank said “We are delighted to establish this partnership, which is aimed at exploring avenues to collaborate, design innovative products and work together in moving the banking sector forward. This alliance will help us serve more customers and bring more Pakistanis in to the banking net.”
Recent Stories
Finance Minister rules out rupee devaluation in talks with IMF
National team determined for good performance against New Zealand: Babar Azam
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 18 April 2024
Today Gold Rate in Pakistan 18 April 2024
Saka and Odegaard start for Arsenal, Guerreiro in Bayern midfield
Qatar PM says re-evaluating Israel-Hamas mediation role
Govt spokesperson terms allegations of PTI's Marwat against Saudi Arabia 'heinou ..
Minister appreciate UAE’s support for Pakistan economic challenges
Manchester City v Real Madrid Champions League starting line-ups
MIGA's support Pakistan in attracting foreign investments: Federal Minister for ..
Walker returns to captain Man City for Real Madrid clash
Action taken against price list violations in Khanewal district
More Stories From Business
-
Finance Minister rules out rupee devaluation in talks with IMF
45 minutes ago -
EXCHANGE RATES FOR CURRENCY NOTES
3 hours ago -
Foreign exchange rates
3 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 18 April 2024
4 hours ago -
Today Gold Rate in Pakistan 18 April 2024
4 hours ago -
Minister appreciate UAE’s support for Pakistan economic challenges
13 hours ago
-
MIGA's support Pakistan in attracting foreign investments: Federal Minister for Finance, Muhammad Au ..
13 hours ago -
International financial partners to invest $1.8 bln in KP: Advisor
14 hours ago -
Uzbek envoy invites FPCCI leadership to attend Tashkent Int'l Investment forum
15 hours ago -
Women development imperative for sustainable economic prosperity: Lansana Wonneh
15 hours ago -
Finance Minister, highlights geo-economic fragmentation, its impact on Pakistan
15 hours ago -
High Tobacco tax prevails over propaganda, reduces cigarette consumption
17 hours ago