Staff Reporter Karachi
United Bank Limited (UBL) and U Microfinance Bank Limited (Ubank) 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
