HugoBank Completes Licensing Process After State Bank Of Pakistan Approval
HugoBank Limited has secured regulatory authorization from the State Bank of Pakistan, completing its licensing process ahead of the launch of commercial digital banking operations.
SECP Approves Rs1.5 Billion Capital Injection for HugoBank as Digital Banking Launch Moves Forward
The Securities and Exchange Commission of Pakistan has approved a Rs1.5 billion equity injection for HugoBank, supporting its regulatory capital requirements as the digital retail bank advances toward pilot operations in Pakistan.
SECP Approves Rs1.5 Billion Capital Increase For Pakistan’s First Digital Retail Bank
Securities and Exchange Commission of Pakistan has approved a Rs1.5 billion paid up capital increase for HugoBank, bringing Pakistan’s first digital retail bank closer to commercial operations.
HugoBank Receives SBP Approval To Begin Pilot Operations For Digital Banking Platform
HugoBank has received approval from State Bank of Pakistan to begin pilot operations, allowing the upcoming digital bank to test its products, systems and operational readiness.