[Karachi, 11th March 2025]: United Bank Limited (UBL) is pleased to announce the successful
amalgamation of Silkbank Limited (SBL) with and into UBL, that has come into effect from 11th
March 2025, marking a pivotal step in its journey as Pakistan’s premier financial institution. The
Scheme of Amalgamation of SBL with and into UBL has been sanctioned by the State Bank of
Pakistan (SBP) through its Sanction Order dated 10th March 2025, under the provisions of Section
48 of the Banking Companies Ordinance 1962 (BCO).
For now, no changes will be made to the banking services of former SBL customers who will be
able to conduct their banking transactions as usual from their respective branches without any
interruption. However, once the full integration is complete former SBL customers will gain direct
access to UBL’s extensive network of branches and ATMs alongside enhanced portfolio of
products and services and advanced digital banking solutions.
