Press Release
VIS has Reaffirmed the Entity Ratings of U Microfinance Bank Limited
Karachi, August 19, 2026: VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of U Microfinance Bank Limited (‘UMBL’ or the ‘Bank’) at 'A+/A1' (Single A Plus/A-One). Medium to long term rating of 'A+' indicates good credit quality; protection factors are adequate. Risk factors may vary with possible changes in the economy. Short term rating of 'A1' indicates strong likelihood of timely repayment of short-term obligations with excellent liquidity factors. The outlook on the assigned ratings is ‘Stable’. Previous rating action was announced on June 10, 2024.
The assigned ratings of UMBL continue to draw comfort from the demonstrated commitment of its sponsor, Pakistan Telecommunication Company Limited (PTCL). PTCL’s management control, through a strategic investment, rests with a subsidiary of the UAE-based Etisalat Group, which carries an international credit rating of ‘AA-’. The sponsor has provided ongoing financial and strategic support to UMBL amid its operational and capitalization challenges.
As represented by the Bank’s management, the audited financial statements are currently under finalization. Upon availability of the audited financial statements, VIS will review the ratings.
For further information on this ratings announcement, please contact at 021-35311861-64 or email at info@vis.com.pk.
Applicable Rating Criteria: Micro-Finance Banks
https://docs.vis.com.pk/Methodologies-2025/MicroFinance-Nov-2025.pdf
VIS Rating Scale
https://vis.com.pk/docs/VISRatingScales.pdf