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Brief History of UBL

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Brief History of UBL About UBL: 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. Brief History Of UBL: 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. Competitors Of UBL Habib Bank Limited Allied Bank Limited Meezan Bank Limited National Bank of Pakistan Askari Commercial Bank Limited Muslim Commercial Bank Bank Alfalah Limited Faysal Bank Limited Bank Islami Pakistan Limited Standard Chartered Bank Bank-al-Habib Limited My Bank (Bolan bank) Soneri Bank Vision of UBL To be a world class bank dedicated to excellent, and to surpass the highest explanations of our customers and all other stakeholders. Mission of UBL Be the undisputed leader in financial services for our customers. Most innovative and fastest growing bank in targeted businesses. Continue to diversify across chosen geographies. To Achieve Operational excellence with the highest level of compliance. To consistently create leaders though inspired human capital. Contribute positively to the communities we operate in. Core Values of UBL Customer first (Where You come First) Honesty of purpose Teamwork Excellence Meritocracy UBL Products UBL where you come first: You as an individual can gain and benefit the most through UBL Consumer Banking. In UBL you get friendly, efficient and attentive personalized banking services - a unique banking relationship experienced by each UBL client. You can utilize the following services. UBL CREDIT CARD Welcome to the world of UBL Credit Cards the most exciting and vibrant credit card brand in Pakistan. We offer you a range of innovative and exciting cards that is not only powered by the security of chip but also enable you to personalize it any way you want. UBL is offering credit card to those customers which have run their account for more than 1 year with good transections or a government employee of salary of over Rs 50,000. UBL also allow credit card to their employees with a better Ratios. UBL DRIVE Accelerate your life; Drive the way that suits you! UBL Drive is a unique auto financing product which offers you features, option and flexibility unmatched by any other bank, because at UBL, You come first Below 1000 CC: 8 years (financing can be for a max of 5 years) 1000 CC and above: 10 years (financing can be for a max of 5 years) UBL NEW CAR FINANCING UBL Drive allows you to drive away in your own car by making a down payment of just 20% and to top that with low monthly installments. Floating Rates is linked with KIBOR. Min tenure of 1 year and a Max of 5 years. UBL USE CAR FINANCING With UBL Drive you can buy favorite used car (up to 5 years old) at the most affordable rates. Min tenure of 1 year and a Max of 5 years but in some cases Max 7 years. CASH YOUR CAR UBL Drive is not a car loan; its financing facility that gives you Cash on your car, you can get up to 75% of your car value UBL ADDRESS Owning a house of your very own is a cherished dream. A lot of planning and hard work is involved in making this dream come true. That is why, at UBL we aim to make your decision easier, by offering you the right ingredients that can help you realize your dream with absolute convenience. UBL Address empowers you to become the proud owner of a home by offering a variety of product and pricing options that are flexible yet affordable. So choose the best product option and pricing to suit your needs. All product options are amortized and range over a tenor of 3-20 years. BUY A HOME UBL giving a great opportunity to buy a home of your choice has never been so easy. With a maximum financing limit of 70% you can easily buy a house or apartment that best fits your requirements. So go ahead and start the search for your dream home because with easy and affordable installments you need not think of renting a house when you have hot UBL Address. Eligibility Criteria for UBL ADDRESS Min monthly income Rs.50,000 Age 23-65 years Resident Pakistani Self-employed businessman or salaries individual Min loan Rs.500,000 UBL Business line UBL Business line a complete solution to all your Business Financing needs. With UBL Business Financing facility, you can now take your business to greater and newer heights, and achieve the level of success that you truly deserve. UBL Business line is a running Finance facility that not only provides funds for growth but also enables you to capitalize on profitable opportunities. With UBL Business line, now you will surely say. “Ab Hui Kamiyaabi Meri Manzill”. Now, UBL Business line credit line is here to solve all your cash flow problems. You can utilize up to Rs.10 million with the help of which you now focus on your business expansion and growth UBL Cash line UBL Cash line is a flexible loan that provides you cash up to Rs.500,000 without any security requirements. It empowers you to take control of your finance. UBL Cash line is aimed to make your life easier…ZINDAGEE ASAAN. Whether you are a salaried individual or a businessman, UBL Cash line takes care of your cash requirements UBL Money UBL money, the personal installment loan from UBL provides you with power, Control convenience and the flexibility to manage your financial requirements and realize on your dreams. It’s about buying new furniture or marriage expenses, financing the education of your child or enjoying vacations abroad! UBL Money caters your needs handsomely. You can borrow any sum between 50,000 to 500,000 (PKR) and payoff up till 5 years. We know what you need at what time. Just give us the opportunity and let us serve you best. Now we are taking about UBL Credit Card in detail. UBL CREDIT CARD Welcome to the world of UBL Credit Cards the most exciting and vibrant credit card brand in Pakistan. We offer you a range of innovative and exciting cards that is not only powered by the security of chip but also enable you to personalize it any way you want. UBL is offering credit card to those customers which have run their account for more than 1 year with good transections or a government employee of salary of over Rs 50,000. UBL also allow credit card to their employees with a better Ratios. Pakistan’s 1st Chip Credit Card that guarantees you both enjoyment and high value. It assures you global acceptability in more than 22 million establishments worldwide in 130 countries and in more than 25,000 outlets within Pakistan. CHIP based credit cards have globally proven to be the most secure way of conducting credit card transactions. This unique high tech CHIP guarantees your financial security while conducting transactions on credit cards, both within Pakistan and around the world. UBL PSO Auto Credit Card Welcome to a whole new world of UBL Credit Cards the most vibrant, innovative and exciting credit card brand in Pakistan. With the introduction of UBL PSO Auto Credit Card, there is no limit to what your credit card can do for you. Amongst its many exciting and unique features, your UBL PSO Credit Card provides access to more than 22 million establishments worldwide including more than 22,000 retail outlets including selected PSO stations within Pakistan, and above 780,000 ATM’s for cash withdrawal worldwide.
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