Press Center

Karachi – December 02, 2022: foodpanda, the country’s leading online delivery service provider, has entered into a strategic partnership with U Microfinance Bank (U Bank), Pakistan’s fastest-growing microfinance bank, to provide motorbike financing opportunities for its delivery riders. Through this partnership, foodpanda riders will have access to relevant financing facilities to acquire motorbikes on easy monthly installments.  read more

Karachi – December 02, 2022: foodpanda, the country’s leading online delivery service provider, has entered into a strategic partnership with U Microfinance Bank (U Bank), Pakistan’s fastest-growing microfinance bank, to provide motorbike financing opportunities for its delivery riders. Through this partnership, foodpanda riders will have access to relevant financing facilities to acquire motorbikes on easy monthly installments.  read more

Karachi – December 06, 2022: Pak-Qatar Family Takaful Limited and U Microfinance Bank (U Bank), Pakistan’s fastest-growing microfinance bank, have strategically signed a landmark BancaTakaful agreement. Under this collaboration, family Takaful products will be offered through U Bank’s distribution network, which is amongst the largest microfinance banking branch network in Pakistan.  read more

Karachi – December 02, 2022: U Microfinance Bank (U Bank) and Sindh Enterprise Development Fund (SEDF) have formed an Institutional Collaboration to provide subsidized credit for Micro, Small & Medium Enterprises (MSMEs) in Sindh. The agreement aims to foster economic development through the provision of subsidized credit facilities for innovative projects in Sindh.  read more

Islamabad – November 24, 2022: U Microfinance Bank (U Bank), Pakistan’s fastest-growing microfinance bank, has received the commercial license for launching full-scale Islamic Banking services across Pakistan.  read more

Islamabad – October 17, 2022: U Microfinance Bank Ltd. (U Bank), Pakistan’s fastest-growing microfinance bank, and  Mobilink Microfinance Bank Limited (MMBL), Pakistan’s largest digital bank, have entered into a strategic partnership for providing housing finance facility for their employees.  read more

Islamabad – 29 August, 2022: U Microfinance Bank (U Bank), Pakistan’s fastest growing microfinance bank, has added another victory to its long list of achievements by bagging three internationally recognized awards by Asian Banking & Finance (ABF) Awards, 2022.  For its performance in 2021-2022, U Microfinance Bank has won the Asian Banking & Finance Wholesale Banking Award 2022 for Domestic Initiative of the Year – Pakistan, and the Asian Banking & Finance Retail Banking Award 2022 for Microfinance Bank of the Year – Pakistan (from the Domestic Retail Bank entry) and Islamic Banking Initiative of the Year – Pakistan.  read more

Islamabad, July 26, 2022: The ratings reflect the association of U Microfinance Bank Limited (U Bank) with Pakistan Telecommunication Company Limited (PTCL), the country’s leading Information and Communication Technology Service Provider. This affiliation supports the Bank in terms of building a strategic congruence alongside establishing robust systems and controls. U Bank is a fast-growing player in the Microfinance Sector.  read more | Report

Islamabad, July 26, 2022: Pakistan Telecommunication Company Limited (PTCL), country’s largest ICT services provider and U Microfinance Bank Ltd. (U Bank), a wholly owned microfinance subsidiary of PTCL announced successful conversion of U Bank’s subordinated debt into equity, signed by both institutions for an amount of PKR 1,000 million during a ceremony held in Islamabad.  read more

U Microfinance Bank Limited is pleased to announce the successful closure of its Fully Paid up, Rated, Privately Placed / DSLR Listed, Unsecured, Subordinated, Perpetual and Non-Cumulative Debt Instrument Additional Tier 1 Capital TFCs of PKR 1,000,000,000. read more

President & CEO U Microfinance Bank Limited (U Bank) Mr. Kabeer Naqvi and President & CEO National Bank of Pakistan (NBP) Mr. Arif Usmani signed Memorandum of Understanding (MOU) of strategic partnership between two organizations to promote financial inclusion in the country. read more

President & CEO U Microfinance Bank Limited (U Bank) Mr. Kabeer Naqvi, President & CEO Allied Bank Limited (ABL) Mr. Aizid Razzaq Gill and CEO ABL Asset Management Company Limited (ABL AMC) Mr. Alee Khalid Ghaznavi, signed Memorandum of Understandings (MOUs) of strategic partnership to promote financial inclusion in the country. read more

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. read more

Karachi: Tuesday, November 02, 2021

President & CEO of U Microfinance Bank Limited (U Bank) Mr. Kabeer Naqvi and Managing Director & CEO of Pakistan Mortgage Refinance Company Limited (PMRC), Mr. Mudassir H. Khan, signed Memorandum of Understanding (“MOU”) to support & promote affordable housing finance in the country. read more

Karachi: Monday, November 01, 2021

President & CEO of U Microfinance Bank Limited (“U Bank”) Mr. Kabeer Naqvi and President & CEO of JS Bank Limited (“JSBL”) Mr. Basir Shamsie, signed the Mandate for raising Additional Tier-1 Capital.

This handshake will not only strengthen the relationship between two banks, but will also open up multiple avenues for collaboration, including medium to long term debt funding, credit structuring and synergizing their respective businesses to scale. read more

Islamabad: Friday, November 05, 2021

U Microfinance Bank and Trellis Housing Finance Limited have collaborated to extend low cost housing facilities to the low income segment of Pakistani society. Under this arrangement U bank will be utilizing GharHo, Trellis’ proprietary and fully-digital mortgage origination platform, that will provide a digital and simplified application process to the customer for accelerated housing finance deployment & allow more families to have a home for themselves. Trellis will offer its platform services to U bank for both the Mera Pakistan Mera Ghar (The Government’s markup subsidy scheme (GMSS)) as well for U Bank’s own home financing product to qualified customers. read more

U Microfinance Bank Ltd. (U Bank), a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) and the fastest growing Microfinance Bank in Pakistan has recently signed an agreement with NdcTech to implement Temenos Infinity Digital Banking Platform and Temenos Transact next-generation Core Banking Platform. read more

U Microfinance Bank Limited wins the ABF Retail Banking Award 2021 for “Rural/Cooperative Bank of the Year – Pakistan”. With a gross absence of banking facilities in rural areas, winning the Rural Bank of the Year award recognizes U Bank’s efforts in ensuring the availability of modern banking to our core customer group.read more

U Microfinance Bank in collaboration with the Capital Development Authority (CDA) led a tree plantation drive on 6th August, 2021 in I-8 Kachnar Park Islamabad. The plantation took place on approximately 1.5 acres of land and consisted of 6000 trees making it the largest Miyawaki Forest in Islamabad.read more

U Microfinance Bank Limited and Kashf Foundation signed an agreement to digitize the loan repayments and disbursement. Through this collaboration, U Microfinance Bank will extend its channel services to Kashf Foundation for providing easy and secure loan collection and disbursements services through UPaisa Mobile wallets to its customers.read more

President & CEO of U Microfinance Bank Limited Mr. Kabeer Naqvi and President & CEO of Bank Alfalah Limited, Mr. Atif Bajwa, signed off a strategic partnership to promote financial inclusion in the country.read more

During the Global Business Outlook Awards in May, 2021 U Microfinance Bank Ltd. (U Bank) was awarded Fastest Growing Microfinance Bank Pakistan. The Global Business Outlook Awards seek to recognise and reward excellence in businesses around the world. They are designed to facilitate the outstanding work of businesses and business leaders across industries, in terms of performance, innovation and drive to create industry value.read more

During the Global Good Governance – 3G Awards held on May 25, 2021 U Microfinance Bank Ltd. was awarded The 3G Creativity and Innovation Award and U Bank President & CEO Mr. Kabeer Naqvi won The 3G Best Emerging Leader in Corporate Sector Award.read more

VIS Credit Rating Company Limited (VIS) has upgraded the entity ratings of U Microfinance Bank Limited (UMBL) to ‘A+/A-1’ (Single A Plus/A-One) from ‘A/A-1’ (Single A /A-One). The medium to long-term rating of ‘A+’ denotes good credit quality coupled with adequate protection factors. Moreover, risk factors may vary with possible changes in the economy.read more

U Microfinance Bank and NADRA Technologies Limited has collaborated to extend e-sahulat services at U Microfinance Bank branches. Through this partnership U Bank’s 200+ Branch network will be able to offer complete e-sahulat services that includes Bill payment, G2P payments, Money Transfer, Donation Collection, Fee Collection and Citizen Verification etc.read more

This year, U Microfinance Bank Ltd. (U Bank) was awarded the ABF Corporate & Investment Banking Award 2020 for“Microfinance Syndication Deal of the Year – Pakistan” category. The Syndicate Term loan was executed between U Microfinance Bank Ltd. and Allied Bank Limited in last week of December 2018, with drawdown in trenches, with the purpose of fueling business expansion and growth in loan portfolio.read more

U Microfinance Bank Ltd. (U Bank) was awarded the Best Emerging Microfinance Bank 2020 during the Global Good Governance – 3G Awards held on June 8, 2020. The Global Good Governance Awards are held annually to celebrate and acknowledge institutions and organizations around the world for their impact driven work carried out with social responsibility and good governance. read more

VIS Credit Rating Company Limited (VIS) has maintained the entity ratings of U Microfinance Bank Limited (UMBL) at ‘A/A-1’ (Single A/A-One). The medium to long-term rating of ‘A’ denotes good credit quality, with adequate protection factors. Moreover, risk factors may vary with possible changes in the economy. The short-term rating of ‘A-1’ denotes high certainty of timely payment; liquidity factors are excellent and supported by good fundamental protection factors. The subordinated Tier 2 TFC rating has also been maintained ‘A-’ (Single A Minus). The medium to long-term rating of ‘A-’ denotes good credit quality coupled with adequate protection factors. Further, risk factors may vary with possible changes in the economy. The previous rating action was announced on April 30, 2019. read more

The launch signals U Bank’s renewed commitment to keep innovation at the heart of all its efforts and performing cutting-edge research to push the entire ecosystem forward. read more

U Microfinance Bank Ltd. signed a grant agreement with Karandaaz Pakistan, with funding from Bill & Melinda Gates Foundation. The grant will help U Bank further its mission of financially including more women. U Bank won the grant through a competitive application process via Karandaaz’s Digital Experiments program. read more

The Federal Minister for IT & Telecommunications Dr. Khalid Maqbool Siddiqui visited U Microfinance Bank Ltd. Head Quarters – ( a wholly owned subsidiary of PTCL – Etisalat)  in Islamabad.
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U Microfinance Bank inaugurates its 200^th Branch situated in Gilgit with the commitment to take banking services to the last mile in Pakistan. The President  & CEO of U Microfinance Bank, Mr. Kabeer Naqvi along with the management team inaugurated the branch on 4^th of October 2019.
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Leading digital money transfer service WorldRemit has joined forces with U Microfinance Bank for online money transfers to Pakistan.

Measurement & Baseline report today in an event hosted in Islamabad. The guests included executives from various microfinance, research and international institutions who all came together to discuss the challenges and opportunities in measuring social impact within the Pakistani microfinance sector. This first-of-its-kind report in the Pakistani ecosystem, is a concrete step forward by U Bank to gather and open-up more customer side data and insights and ensure better product and service design with the aim of improving the sectors social impact outcomes. read more

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

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

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

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 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