Press Center

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.

Pakistanis living in over 50 countries, including the USA, UK, Canada and Australia, can now send money directly from their smartphones via WorldRemit to 190 plus U Microfinance Bank locations across Pakistan. 

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U Microfinance Bank launches its first impact assessment and baseline study and shares new insights about their microfinance customers.

Islamabad, August 26, 2019:

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:

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

Islamabad, Dec 31, 2018:

JCR-VIS Upgrades Ratings of U Microfinance Bank Limited

Karachi, April 27, 2018:

PTCL Injects Rs. 1 Billion into U Bank

Islamabad: Tuesday, Jan 23, 2018

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

Karachi: Tuesday, July 4, 2017