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United Bank Limited

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United Bank Limited (UBL)
Company typePublic
PSX: UBL
IndustryFinance
FoundedNovember 7, 1959
HeadquartersKarachi, Pakistan
Key people
His Highness Shaikh Nahayan Mubarak Al Nahayan, Chairman
Sir Anwar Pervez OBE HPk,
Agha Hasan Abedi, Founder
ProductsCommercial Banking, Corporate Banking, Private Banking, Asset Management
RevenueIncreaseRs. 77.83 billion (US$270 million) - 2015[1]
IncreaseRs. 25.73 billion (US$89 million) - 2015[1]
Number of employees
15,000+
Websitewww.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. ^ a b "UBL Annual Report 2015" (PDF). UBLDirect.com. Retrieved 10 April 2016.


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