By Sabica Tahira ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read
Silkbank Receives Board Approval For Merger With Ubl

United Bank Limited (UBL) has achieved a historic milestone by becoming the first bank in Pakistan to cross Rs. 1 trillion in market capitalization at the Pakistan Stock Exchange (PSX), according to Topline Securities. This achievement reflects not only investor confidence but also the success of UBL’s strategic transformation and strong financial performance.

The bank’s current market capitalization stands at Rs. 1.012 trillion, marking a sixfold increase over the past two years. Analysts attribute this rise to UBL’s focus on digital transformation, retail banking expansion, and consistent earnings growth, which have reshaped its long-term outlook.

Earlier this year, UBL further strengthened its position through the merger with Silkbank, which consolidated its market presence and bolstered its balance sheet. Market experts believe this move played a significant role in boosting investor sentiment.

“UBL’s turnaround strategy and focus on innovation are driving both growth and stability,” market analysts noted, underscoring how the bank has positioned itself as a market leader.

This milestone highlights a broader shift in Pakistan’s financial sector, where digitalisation, consolidation, and strategic expansions are redefining competitiveness and investor confidence.