United Bank Limited Pakistan

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United Bank Limited
Type Public
Traded as KSEUBL
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 IncreasePKR 41.962 bn 2007[1]
Net income IncreasePKR 9.237 bn 2007[1]
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 Zurich, Switzerland.

History[edit]

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[edit]

UBL’s state of the art online banking, 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[edit]

  • UBL Fund Managers Limited

References[edit]

External links[edit]