United Bank (Pakistan)

United Bank Limited (UBL)

Type	Public
Traded as	KSE: UBL
Industry	Finance
Founded	November 7, 1959
Headquarters	Karachi, Pakistan
Key people	His Highness Shaikh Nahayan Mubarak Al Nahayan, Chairman Sir Anwar Pervez OBE HPk, Agha Hasan Abedi, Founder
Products	Commercial Banking, Corporate Banking, Private Banking, Asset Management
Revenue	₨77.83 billion (US$760 million) - 2015^[1]
Net income	₨25.73 billion (US$250 million) - 2015^[1]
Number of employees	15,000+
Slogan	where you come first
Website	www.ubldirect.com

United Bank Limited (UBL) is one of the largest commercial banks in Pakistan having more than 1,320 online branches inside the country. Its 15 branches outside the country are in the United States of America, Qatar, UAE, Bahrain, and Republic of Yemen. It also has representative offices in Beijing, China, Tehran, Iran, and Almaty, Kazakhstan. It owns subsidiaries in the UK (United National Bank Limited), and in Zürich, Switzerland.

History

Agha Hasan Abedi founded the bank in 1959. In 1971 the Government of Pakistan nationalized the bank. In 2002, the Government of Pakistan sold it in an open auction to a consortium of Abu Dhabi Group and Bestway.

In 2002, the bank merged its operations in the UK with those belonging to National Bank of Pakistan to form United National Bank Limited. United Bank owns 55% of the joint-venture and National Bank of Pakistan owning the remainder.

Online banking

Map depicting worldwide operations of United Bank (Pakistan). Highlighted countries have branches, subsidiaries and/or representative offices of the bank. Pakistan is highlighted in dark green for reference.

Muhammad Shafiq khan The Ex-president of UBL thought it prudent to initiate UBL’s state of the art online banking. Through this facility customers are able to access their account from more than 1200 branches located in 150 cities across Pakistan. Transactions such as Cash Deposit, Cheque Encashment, Stop Payment, Account Statement, Funds Transfer, Bill Payments are done online without the need to travel to the local branch.

Other subsidiaries

UBL Fund Managers Limited

References

1 2 "UBL Annual Report 2015" (PDF). UBLDirect.com. Retrieved 10 April 2016.

Banking in Pakistan

Central bank	State Bank of Pakistan

Big Four	HBL Pakistan MCB Bank Limited National Bank of Pakistan United Bank Limited Pakistan

Commercial banking	Allied Bank Limited Askari Bank Atlas Bank Bank AL Habib Bank Alfalah Bank of Khyber Bank of Punjab Faysal Bank First Women Bank Habib Metropolitan Bank Industrial Development Bank JS Bank NIB Bank Sindh Bank Soneri Bank Summit Bank Zarai Taraqiati Bank Limited

Microfinance banking	First Micro Finance Bank Khushhali Bank NRSP Microfinance Bank Tameer Microfinance Bank Limited

Islamic banking	BankIslami Pakistan Burj Bank Dubai Islamic Bank Pakistan Limited Meezan Bank

Foreign banks	Barclays HSBC Bank Middle East Royal Bank of Scotland Standard Chartered Pakistan

Defunct banks	Bank of Credit and Commerce International KASB Bank MyBank PICIC Commercial Bank Union Bank

See also	List of banks in Pakistan Pakistan Remittance Initiative Pakistani bankers Institute of Bankers Pakistan National Institute of Banking and Finance

Category

KSE-30 companies of Pakistan

Adamjee Insurance Arif Habib Corporation Limited Askari Bank Attock Petroleum Attock Refinery Bank Al-Falah Bank Al-Habib D.G. Khan Cement Engro Corporation Engro Foods Fatima Fertilizer Fauji Fertilizer Bin Qasim Fauji Fertilizer Company Limited HBL Pakistan Hub Power Company ICI Pakistan JS Group Kot Addu Power Company Lucky Cement MCB Bank Limited Millat Tractors National Bank of Pakistan National Refinery Nishat Mills Oil and Gas Development Company Pakistan Oilfields Pakistan Petroleum Pakistan State Oil Pakistan Telecommunication Company Ltd TRG Pakistan United Bank Limited Pakistan

As of July 2013

This article is issued from Wikipedia - version of the Sunday, April 10, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.