United Bank Limited (UBL) is excited to announce the successful amalgamation of Silkbank Limited (SBL) into UBL, effective March 11, 2025. This milestone represents a significant advancement in UBL’s journey to becoming Pakistan’s leading financial institution. The amalgamation was approved by the State Bank of Pakistan (SBP) through its Sanction Order dated March 10, 2025, by Section 48 of the Banking Companies Ordinance, 1962 (BCO).
For the time being, there will be no changes to the banking services for former SBL customers. They can continue to conduct their banking transactions as usual from their respective branches without interruption. However, once the full integration is complete, former SBL customers will have direct access to UBL’s extensive network of branches and ATMs, as well as an enhanced portfolio of products and services, including advanced digital banking solutions.
