UBL

Very old branch @ new location. United Bank Limited is the second largest private commercial bank in Pakistan. UBL has assets of over Rs. 1 trillion and a solid track record of fifty years in addition, the bank operates 1281 branches all over Pakistan Which including 22 Islamic banking branches and 18 overseas branches. UBL opened up for business on November 7, 1959 with authorized capital of Rs.20 million and Paid-up capital of Rs.10 million. In its very first year, it mobilized deposits of Rs.70 million and earned a profit of Rs.O.7 million. It continued to grow rapidly and soon became one of the largest banks in the country. The main logic for its exemplary growth were the introduction, in many instances for the first time in Pakistan, of professional management, computers, economic and business research, customer orientation and latest managerial practices. UBL is a commercial bank which deals in consumer’s services. In the main, it focuses on accelerated loan recovery, surplus asset disposal, improving credit systems, operational controls, monitoring and reporting. From a practical standpoint, the use of better technology, focusing on the appropriate market segment, and project and specialized finance will facilitate rapid and sustainable growth. Agha Hasan Abedi founded this bank in 1959.UBL has a long history in the UAE and is the second foreign bank to open its branch in Abu Dhabi, UAE in July 1967.UBL has presence in major centers, which include Pakistan, UAE, Bahrain, Qatar, Yemen, USA, UK, Switzerland, Oman, Egypt and Iran. In 2002, the Government of Pakistan sold it in an open auction to a consortium of Abu Dhabi Group and Bestway Group. 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. UBL remained in the private sector for 15 years until it was nationalized on January 1, 1974 with other Pakistani banks. In 1996, its deposits totaled Rs.105.9 billion; advances amounted to Rs.68.6 billion; assets totaled Rs.177 billion and the number of branches was 1701, including 17 overseas branches. Nowadays UBL Deposits is over Rs. 1 trillion and a solid track record of fifty years in addition, the bank operates 1281 branches all over Pakistan Which including 22 Islamic banking branches and 18 overseas branches.

Good branch

Regional office Gujranwala

Good branch

good staff