Shareholders Approve Silkbank-UBL Merger, Awaiting Final Approval

By Huma Ishfaq ⏐ 10 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The merger between Silkbank Limited and United Bank Limited (UBL) has been legally accepted by the shareholders of both banks under the Scheme of Amalgamation.…

Park View Enclave Challenges Silkbank-UBL Merger in Sindh High Court

By Tehniyat Zafar ⏐ 11 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Park View Enclave (Private) Limited has initiated legal proceedings against the proposed merger between Silkbank Limited and United Bank Limited (UBL). The lawsuit, filed in…

UBL and Silk Bank to Finalize Merger Through Share Swap

By Huma Ishfaq ⏐ 1 year ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The merger between Silk Bank Limited (SILK) and United Bank Limited (UBL) has been approved by both parties. UBL, one of Pakistan’s largest commercial banks,…

Silkbank Receives Board Approval For Merger With Ubl

Silkbank Receives Board Approval for Merger with UBL

By Huma Ishfaq ⏐ 1 year ago ⏐ Newspaper Icon Newspaper Icon 2 min read

On November 6, 2024, the board of directors of Silkbank Limited (PSX: SILK) granted in-principle approval for a potential merger with United Bank Limited (PSX:…

UBL Proposes Merger with Silkbank

UBL Proposes Merger with Silkbank

By Huma Ishfaq ⏐ 1 year ago ⏐ Newspaper Icon Newspaper Icon 2 min read

United Bank Limited (PSX: UBL) has offered to merge Silkbank Limited (PSX: SILK) under Section 48 of the Banking Companies Ordinance, 1962 (Amalgamation). This proposal…

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