UBL, Pakistan’s Best Bank 2016, recently signed a Depository Participant Agreement with Central Depository Company (CDC). Through this agreement the Bank’s customers can now open and conduct transactions in their CDC Accounts through selected UBL Branches in Karachi, Lahore & Islamabad. UBL Branches will provide custodial services to the customers for their needs regarding the safe custody of their investments.
The signing ceremony was attended by Zia Ijaz, Group Executive-Retail Bank, UBL and Sharjeel Shahid, Group Head Banking Products & Corporate Services, along with senior executives from the Bank. CDC was represented by Aftab Diwan, CEO and the senior management of the company. At the event, Zia Ijaz, Group Executive-Retail Bank, UBL said “This initiative will add a new dimension to our offering for our valued customers. This service will provide ease and convenience to the customers of having all their custodial needs handled at their nearest UBL Branch”.
Aftab Diwan, Chief Executive Officer, Central Depository Company felicitated UBL on providing a much needed investment facility to its customers. He said “The service will provide CDC an opportunity to expand its outreach in the country with the additional touch points as well as leverage the UBL Branch Network in their endeavor for the expansion of financial inclusion in the country”.