UBL Archives - Page 2 of 5

UBL Engages in Legal Tax Dispute with FBR

February 26, 2025February 26, 2025Shahnawaz Akhter

Karachi, February 26, 2025 – United Bank Limited (UBL) has disclosed an ongoing legal dispute with the Federal Board of Revenue (FBR) over tax-related matters.

UBL Plans Issuance of Additional Tier-1 Capital Instruments

February 19, 2025February 19, 2025Shahnawaz Akhter

Karachi, February 19, 2025 – United Bank Limited (UBL) has taken a significant step towards strengthening its financial position and supporting its long-term strategic objectives.

UBL Board Approves Amalgamation of Silk Bank

December 3, 2024December 3, 2024Shahnawaz Akhter

KARACHI, December 3, 2024 – In a significant move towards strengthening its market presence, United Bank Limited (UBL) has announced that its board of directors has approved the amalgamation of Silk Bank Limited (SBL) into UBL.

UBL Confirms Offer for Amalgamation with Silkbank

November 1, 2024November 1, 2024Shahnawaz Akhter

Karachi, November 1, 2024 – United Bank Limited (UBL) confirmed on Friday that it has officially extended an amalgamation offer to Silkbank Limited, aiming to consolidate Silkbank’s operations within UBL’s larger financial framework.

UBL to Transform KP and Balochistan Regions into Islamic Banking

October 31, 2024October 31, 2024Shahnawaz Akhter

Karachi, October 31, 2024 – United Bank Limited (UBL) has unveiled ambitious plans to transition the entire Khyber Pakhtunkhwa (KP) and Balochistan regions to Islamic banking. This strategic move was announced during a corporate briefing organized by Topline Securities, featuring insights from UBL President Muhammad Jawaid Iqbal.

UBL Posts Record Quarterly Earnings of Rs 18.3 Billion in 3Q2024

October 23, 2024October 23, 2024Shahnawaz Akhter

Karachi, October 23, 2024 – United Bank Limited (UBL) has announced its highest-ever quarterly earnings, reporting a remarkable profit of Rs18.3 billion for the third quarter of 2024 (3Q2024), translating to an earnings per share (EPS) of Rs14.96. This represents a 24% year-on-year (YoY) and quarter-on-quarter (QoQ) increase, aligning with market expectations.

UBL Hopes Positive Outcome in Rs 4.09 Billion SBP Penalty Case

February 26, 2024February 26, 2024Shahnawaz Akhter

Karachi, February 26, 2024 – United Bank Limited (UBL) is optimistic about a favorable outcome regarding the penalty of Rs 4.09 billion imposed by the State Bank of Pakistan (SBP), as disclosed in its annual financial statement for the calendar year 2023.

SBP Slaps Rs 140.69M Regulatory Penalty on United Bank Limited

January 31, 2024May 12, 2026Shahnawaz Akhter

Karachi, January 31, 2024 – The State Bank of Pakistan (SBP) has taken stern action against United Bank Limited (UBL), imposing a regulatory penalty amounting to Rs 140.69 million for alleged violations of regulatory instructions throughout the calendar year 2023.

UBL Continues Legal Battle Against SBP’s Rs 4.09 Billion Penalty Since 2016

November 7, 2023November 7, 2023Shahnawaz Akhter

Karachi, November 7, 2023 – United Bank Limited (UBL) has been embroiled in a legal dispute with the State Bank of Pakistan (SBP) since 2016 over a penalty totaling Rs 4.09 billion.

UBL Announces Massive 126% Profit Growth in Third Quarter of 2023

October 25, 2023October 25, 2023Shahnawaz Akhter

Karachi, October 25, 2023 – United Bank Limited (UBL), one of Pakistan’s leading financial institutions, has reported a staggering 126 percent year-on-year (YoY) profit growth in the third quarter of 2023, ending on September 30.

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