Pakistan: UBL Partners With U Microfinance Bank Limited to Promote Financial Inclusion

Source: Daily Pakistan

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.

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.”