Asian Banking & Finance (ABF) Wholesale Banking Awards – 2022

Domestic Initiative of the Year – Pakistan

U Bank received the Domestic Initiative of the Year – Pakistan Award by Asian Banking & Finance (ABF) Wholesale Banking Awards 2022 for its performance in 2021-2022. The award was presented to appreciate U Bank’s issuance of its first-ever Social Impact Bond, aimed to be used to finance loans for renewable energy, private schooling, low-cost housing, and Small & Medium Enterprises (SMEs), primarily in rural Pakistan. This innovative social initiative was widely applauded by ABF Wholesale Banking Awards that honor outstanding banks that have introduced groundbreaking wholesale banking solutions, products, and services that proved to be an industry game-changer.