UBL Completes Acquisition of Silkbank – Expands Leadership in Pakistan’s Banking Sector

[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.