United Bank Limited Pakistan
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| Type | Public |
|---|---|
| Industry | Finance |
| Founded | November 7, 1959 |
| Headquarters | Karachi, Pakistan |
| Key people | His Highness Shaikh Nahayan Mubarak Al Nahayan, Chairman Sir Mohammed Anwar Pervez OBE, Deputy Chairman Agha Hasan Abedi, Founder |
| Products | Commercial Banking, Private Banking, Asset Management |
| Revenue |  PKR 41.962 bn 2007[1] |
| Net income | PKR 9.237 bn 2007[1] |
| Website | www.ubl.com.pk |
United Bank Limited (UBL) is one of the largest commercial banks in Pakistan having more than 1,220 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 Tehran, Iran, and Almaty, Khazakstan. It owns subsidiaries in the UK (United National Bank Limited), and in Zurich, Switzerland.
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[edit] 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 Group.
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.
[edit] Online banking
UBL’s state of the art online banking, customers are able to access their account from more than 900 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.
[edit] Other subsidiaries
- UBL Fund Managers Limited
[edit] External links
- www.ubl.com.pk
- www.ublonline.com - Customer Website
- www.ublfunds.com - UBL Fund Managers Ltd
- www.ublinsurers.com - UBL Insurers
- www.ublameen.com - UBL Islamic Banking Ameen
- www.ubldirect.com - UBL Middle East Website
[edit] References
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