United Bank

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United Bank Limited

Type	Public
Founded	November 7, 1959
Headquarters	Karachi, Pakistan
Key people	His Highness Shaikh Nahayan Mabarak Al Nahayan, Chairman Sir Mohammed Anwar Pervez OBE, Deputy Chairman Agha Hasan Abedi, Founder
Industry	Finance
Products	Commercial Banking, Private Banking, Asset Management
Revenue	▲PKR 41.962 bn 2007^[1]
Net income	▲PKR 9.237 bn 2007^[2]
Website	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.

1 Services
2 Online banking
3 Other subsidiaries
4 Board of Directors
5 External links
6 References

[edit] Services

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

[edit] 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.