United Bank

Infobox_Company
company_name = United Bank Limited
company_
company_type = Public
company_slogan =
foundation = November 7, 1959
location = Karachi, Pakistan flagicon|PAK
key_people = His Highness Shaikh Nahayan Mabarak Al Nahayan, Chairman
Sir Mohammed Anwar Pervez OBE, Deputy Chairman
Agha Hasan Abedi, Founder
num_employees =
industry = Finance
products = Commercial Banking, Private Banking, Asset Management
revenue = profitPKR 41.962 bn 2007 [ [https://www.ubl.com.pk/aboutus/financial_report/report_2007/annual_dec07/Consolidated%20Financial%20Statements%20of%20UBL%20&%20Its%20Subsidiaries%2031_12_2007.pdf Consolidated Accounts of UBL.xls ] ]
net_income = profitPKR 9.237 bn 2007 [ [https://www.ubl.com.pk/aboutus/financial_report/report_2007/annual_dec07/Consolidated%20Financial%20Statements%20of%20UBL%20&%20Its%20Subsidiaries%2031_12_2007.pdf Consolidated Accounts of UBL.xls ] ]
homepage = [http://www.ubl.com.pk/ www.ubl.com.pk]

United Bank Limited (UBL) is one of the largest commercial banks in Pakistan having more than 1,000 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 Teheran, Iran, and Almaty, Khazakstan.
Agha Hasan Abedi founded the bank in 1959. In 1971 the Government of Pakistan nationalized it. In 2002, the Government of Pakistan sold it in an open auction to a consortium of Abu Dhabi Group and Bestway Group. Since its privatization the bank has been successfully turned around and remains a robust and strong performer in all major segments of its operations.

In 2002 it merged its operations in the UK with those belonging to National Bank of Pakistan to form United National Bank Limited, of which it owns 55%, with National Bank of Pakistan owning the remainder.

It has a subsidiary in Zurich, Switzerland, United Bank AG.

Services

* Consumer Banking
* Commercial Banking
* Corporate Banking
* Investment
* Treasury
* UBL Ameen Islamic Banking

Online banking

UBL’s state of the art online banking, customers were able to access their account from more than 350 branches located in 71 cities across Pakistan. Transactions such as Cash Deposit, Cheque Encashment, Stop Payment, Account Statement, Funds Transfer were done online without the need to travel to the local branch.

Other subsidiaries

* UBL Fund Managers Limited

Board of Directors

* His Highness Shaikh Nahayan Mabarak Al Nahayan - Chairman
* Sir Mohammed Anwar Pervez OBE - Deputy Chairman
* Mr. Qasim Ilyas- President & CEO
* Mr. Omar Ziad Jaafar Al Askari - Director
* Mr. Zameer Mohammed Choudrey - Director
* Mr. Ahmad Waqar - Director
* Dr. Ashfaque Hasan Khan - Director
* Mr. Aqeel Ahmed Nasir - Company Secretary & Chief Legal
* Mr. Abdul Rauf Malik - Director
* Mr. Aameer Karachiwalla - SEVP/Group Chief Financial Officer
* Mr. Ejazuddin - Group Exective/Audit & Inspection Group
* Mr Salahudin Khan ( AVP )

External links

* [http://www.ubl.com.pk www.ubl.com.pk]
* [http://www.ublonline.com www.ublonline.com] - Customer Website
* [http://www.ublfunds.com www.ublfunds.com] - UBL Fund Managers Ltd
* [http://www.ublinsurers.com www.ublinsurers.com] - UBL Insurers

References