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Press Center

 

JCR-VIS has upgraded the short-term entity ratings of U Microfinance Bank Limited (UMBL) from ‘A-2’ (A-Two) to ‘A-1’ (A-One)

Karachi, January 11, 2019:

Karachi, January 11, 2019: JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the short-term entity ratings of U Microfinance Bank Limited (UMBL) from ‘A-2’ (A-Two) to ‘A-1’ (A-One). Long-term entity rating and subordinated Tier 2 TFC rating has been reaffirmed at A (Single A) and ‘A-’ (Single A Minus), respectively. Outlook on the assigned rating is ‘Stable’. The previous rating action was announced on April 27, 2018. read more

PTCL Injects Rs. 4 Billion in U Microfinance Bank to Implement Expansion Plans

Islamabad, Dec 31, 2018:

Pakistan Telecommunication Company Limited (PTCL) has signed an agreement for a PKR 4 Billion Unsecured Subordinated Debt Facility (Tier 2 capital) with U Microfinance Bank (U Bank), which is a wholly owned subsidiary of PTCL. This capital injection will enable the bank to further capitalize on the growth opportunities possible in Pakistan’s microfinance sector. read more

JCR-VIS Upgrades Ratings of U Microfinance Bank Limited

Karachi, April 27, 2018:

Karachi, April 27, 2018: JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the entity ratings of U Microfinance Bank Limited (UMBL) from ‘A-/A-2’ (Single A Minus/A-Two) to ‘A/A-2 (Single A/A-Two). Rating of the bank’s privately placed unsecured, subordinated, Tier 2 TFC has been finalized and upgraded to ‘A-’ (Single A Minus) from BBB+ (Triple B Plus). Outlook on the assigned rating is ‘Stable’. The previous rating action was announced on September 29, 2017. read more

PTCL Injects Rs. 1 Billion into U Bank

Islamabad: Tuesday, Jan 23, 2018

Pakistan Telecommunication Company Limited (PTCL) has injected an additional equity of PKR 1 billion in U Microfinance Bank Ltd. (U Bank), which is a wholly owned subsidiary of PTCL. This capital injection will enable the Bank to further capitalize on the growth opportunities possible in Pakistan’s microfinance sector. read more

U Bank Raises Rs. 600 Million for Seven Years through TFC

Karachi: Tuesday, July 4, 2017

U Microfinance Bank Limited (U Bank) — through its Lead Adviser and Arranger Pak Oman Investment Company — has raised Rs. 600 million in the form of Privately Placed Term Finance Certificates (PPTFC) from Banks, DFIs and Asset Management Companies. The PPTFC issue will contribute towards UBank’s Tier II capital. read more

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ABOUT UBANK

U Microfinance Bank Ltd. (U Bank) is a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – Etisalat Company.

The bank has a network of 141 touch points, across 108 cities and rural areas in Pakistan and offers a wide range of microfinance loans, deposit products and branchless banking solutions.

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