The Economic Cooperation Organisation (ECO) Trade and Development Bank signed a loan agreement with United Bank Limited (UBL) of Pakistan on July 1, 2010 for the purpose of facilitating import and export financing needs of local corporate groups.

The “Short Term Trade Finance Facility” has been structured to provide the necessary support to the local companies of the ECO Bank member countries which are Iran, Pakistan and Turkey.

UBL is the third Pakistani financial institution which signed the Short Term Trade Finance Agreement with the ECO Trade and Development Bank, following Habib Bank and MCB Bank Limited.