UBL secures $300m loan for govt via UAE, Bahrain branches

MG News | December 31, 2024 at 04:39 PM GMT+05:00

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December 31, 2024 (MLN): United Bank Limited (UBL) has arranged and financed a $300 million short-term loan for the government through its UAE and Bahrain branches, according to the press statement issued today.

UBL boasts one of the largest international footprints amongst Pakistani banks, with its international assets exceeding $2.4bn.

This deal reaffirms UBL’s ability to offer clients seamless and reliable solutions, both in Pakistan and abroad. UBL enjoys a strong track record of successfully executing complex and high-value transactions.

This transaction supports Pakistan’s external financing needs, in line with commitments to the International Monetary Fund (IMF).

As Pakistan continues to improve its economic outlook, UBL is committed to play a role as a trusted partner in fostering sustainable economic progress and dedicated to maintaining the highest standards of service and innovation.

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