UBL to invest up to Rs22bn in Khushhali Microfinance Bank
United Bank Limited (UBL) shareholders have approved a further equity investment of up to Rs22 billion in Khushhali Microfinance Bank Limited (KMBL), an associated company of the bank, potentially increasing the bank’s stake in the microfinance lender. UBL, one of Pakistan’s largest commercial banks, disclosed the development in its filing to the Pakistan Stock Exchange (PSX) on Tuesday. “UBL to…
UBL shareholders have approved a potential equity investment of up to Rs22 billion in Khushhali Microfinance Bank (KMBL), an associated company of UBL. The investment could strengthen KMBL's financial position and contribute to the stability of Pakistan's financial markets. UBL, one of Pakistan's largest commercial banks, disclosed the development in its filing to the Pakistan Stock Exchange (PSX).
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