UBL Partners with U Microfinance Bank Limited to Promote Financial Inclusion in Pakistan - Press Release issued by United Bank Limited.

Karachi -- December 01, 2021 (PPI-OT)

Following is the text of press release issued by United Bank Limited (UBL)

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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 Karachi.

The signing ceremony was presided by Mr. Shazad G Dada, President and CEO UBL and Mr. Kabeer Naqvi, President and CEO U Microfinance Bank Limited along with senior executives of both banks including Mr. Farooq A Khan, Group Head CIBG and FI, Mr. Muhammad Tayyab Khurshid, Unit Head FI and other executives from UBL and Ms. Mariam Pervaiz, Chief Commercial Officer and Chief of Staff, Mr. Muhammad Farooq Kamran, Head of CB and I and Mr. Mohsin Aslam, Head Budgeting Planning and Corporate Finance from U Microfinance Bank Limited.

Shazad G Dada, President and CEO UBL, at the event, said "As the 'Best Digital Bank' of Pakistan, we are looking forward...