History of UBL

8/3/2019 History of UBL

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Assignment Of

Credit Management

Topic: Introduction of UBL

S ubmitted To:

Sir Akbar Leghari

S ubmitted By:

M. Akhtar Mehtab MBED-10-33

Nadir Ali MBED-10-17

Rao Ateeq Ur Rehman MBED-10-08

BZU S UB CAMPU S DERA GHAZI KHA



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UBL (United Bank Limited)

History of UBL:

T he decision to establish UBL was taken in June 1959 and the

company was registered on July 24, 1959. United Bank Limited started the operations on 7

November 1959 with its first branch namely McLeod Road now I.I Chunrigar Road at Karachi.

On 9th November 1959 the Gazette of Pakistan notified and included UBL in its list of

scheduled banks operating in Pakistan.T

he first president of the UBL was Mr. I. I. Chundrigar.Most of the branches of Union Bank Ltd. were merged into UBL to work as UBLs subsidiary

.T he head office was at Dhaka.

With its shortest span of time UBL emerged as dynamic and large international organization.

In 1969 the Management of Union Bank Ltd. Incorporated in former east Pakistan, was

handed over to UBL, which was later emerged with UBL in early seventies.

T he Bank continued its operations as private banking company until 31st December 1973

when it was nationalized, in the large nationalization process in the government of Zulfiqar

Ali Bhutto, along with other banks operating in the country and other two banks namely Pak

Bank of former East Pakistan and Commerce Bank Ltd. Were merged with UBL.

A Bank, like the society it serves should be dynamic as banking is about people customers with

their needs and opportunities and staff with skills, experience and resources. UBL has shown

dynamism since its inception. T here have been many changes in the structure, functions and

the services provided. T hese changes reflect the changing requirements of our developing

economy as a whole and those of Industry, Commerce and private Individuals.

On October 19th 2002, biggest event occurred in the history of UBL. As UBL was privatize. T he

Government handed over the management of UBL, the third largest bank of the countr y to the

successful bidder Consortium of Abu Dhabi Group (UAE) and Bestway Holding Ltd. (UK). The

sales agreement for the transfer of 51% shares was signed by Privatization Minister Altaf M.

Saleem and Bestway Holding, Sheikh Nahayan Mubarak Al Nahayan at a ceremony. This event

was declared as a New Journey for UBL.

On May 8th

2004, Atif Bukhari took over the charges as new Chief Executive Officer of UBL from

Amar Zafar Khan, who served UBL for more than seven years. UBL officially announced the



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appointment of Atif Bukhari as its CEO. Bukhari was previously Senior Executive Vice President

(SEVP) and Group Head, Corporate and Investment Division of Habib Bank Ltd. He was also a

member of the HBL Management Committee.

In the view of highly impressive growth and development achieved during its 46 years of

experience, UBL has come to be accepted as one of the most progressive and dynamic

components of the banking industry in Pakistan.



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About UBL:

2010 UBL and Avari Launch a Co-Branded Loyalty Card. United Bank Financial

Services (Private) Limited. United Executors and trustees Company Limited.

2010 UBL formally announces the launch of its unique and unmatched branchless

banking service, under the brand name of UBL Omni.

2010 UBL Launches Pakistan's First Premium Debit Card in Collaboration with

MasterCard.

2009 UBL celebrates its Golden Jubilee on November 7, 2009 with the launch of an

exclusive, world-class Signature UBL Priority Banking service, designed to cater to

high-end, high-net-worth customers across Pakistan.

2009 UBL-UAE remitted USD 220 million to Pakistan. UBL shows devotion towardssports by inaugurating UBL Sports complex.

2008 UBL inaugurates its representative office in the Peoples Republic of China, on

20th of March 2008.

2008 T he UAE nationals accounts for the highest workforce ratio of 42% at UBL-

UAE.

2008 USD 184 million was remitted through UBL-UAE to Pakistan.

2008 UBL inaugurates another operational branch in Aden Yemen.

2008 UBL Bahrain holds 43% market share of remittances in the country with USD

23 million remittances.

2008 UBL started its Customer Service Booths in Al-Khor and at the City Center

Shopping Mall, along with 7 AT M's at various prime locations throughout Qatar.

2008 UBL opens its second operating branch in Doha.

2008 T he main branch moved to Main Bank Street, opposite the Ministry of Finance

and Qatar Central Bank.

2008 In Qatar UBLT ezraftaar transactions approached to 100,000.

2007 UBL received the Brand Leadership Award for Brand Excellence, presented at

the 16th Asian Brand Congress.



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2007 UBL launched Heritage Campaign blitz, a very successful and well-received

initiative as a strategic marketing and advertising effort to connect UBL-Middle East

legacy of 40 years of customers' satisfaction to its re-positioned image and diversified

deliverables across various banking portfolios.

2007 UBL relocates Bab Al Bahrain branch to Seef, the new upcoming business hub.

2007 UBL declares the profit before tax of PKR 13.8 billion.

2006 UBL opens its representative office in Kazakhstan, on 21st of September 2006.

2006 UBL introduces UBL Ameen, an Islamic banking product.

2006 UBL is awarded with an Islamic Banking Branch license by the State Bank of

Pakistan.

2002 H. H. Sheikh Nahayan Mabarak Al Nahayan is appointed as the chairman of theboard of directors of UBL.

2002 UBL merged its operations in the UK with those belonging to National Bank of

Pakistan to form United National Bank Limited.

2002 UBL launched its prime product T ezraftaar in Qatar and achieved 28000

transactions in the first year.

2002 Government of Pakistan privatized UBL, this brought the Abu Dhabi Group

chaired by H. H. Sheikh Nahayan bin Mubarak Al Nahayan and the Bestways Group

headed by Sir Anwar Pervaiz at the helm, following which the bank embarked on amajor re-profiling and re-positioning strategy.

2000 UBL launched T ezraftaar home remittance in Bahrain.

1995 UBL opens its representative office in Iran.

1990 Government of Pakistan decided to change the face of banking by creating a

blueprint to privatize UBL.

1989 UBL took over operations of HBL, which led to the addition of the Hodeidah

branch in Yemen.

1983 UBL starts its OBU- Branch in the Export Processing Zone, Karachi, on 6th of

November 1983.

1983 UBL opens its Associate Company in Oman in collaboration with Oman United

Exchange Co. L.L.C (OUECL).



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1982 UBL introduces e-banking facilities at Hajj.

1978 UBL launched supervised credit and small loan schemes for small to medium

sized firms as well as agriculture.

1978 UBL pledged economic department and acquired two international banks(banks?)

1977 UBL opens for business in the New York City, in March 1977.

1974 T he Government of Pakistan nationalized UBL.

1973 UBL opens its third branch at Muharraq ( Bahrain ).

1972 UBL starts its operations in Yemen through a branch in Sanaa.

1971 UBL introduces Pak Rupee T raveler Cheque.

1971 UBL launches 3 online branches in Karachi.

1970 UBL starts operations in Qatar with the opening of the branch in Musherib

Doha.

1970 UBL opens another branch at busy commercial hub Bab Al Bahrain,

inaugurated by H.E Abdul Karim, Finance minister at that time.

1970 UBL launched UNICARD Pakistan's first credit card.

1969 UBL opens for business in Kingdom of Bahrain with its branch in Manama.

1967 United Bank A.G. Zurich, Switzerland a fully owned subsidiary was set up on 8th

of December 1967.

1967 UBL opens its branch in Abu Dhabi

1967 UBL introduced computer banking to Pakistan

1964 UBL put the foundation of Pakistan's first Staff College Of Employees.

1963 UBL became the first Pakistani bank to have an overseas branch on WilliamStreet in London.

1960 Launched a saving scheme for for school going children.

1960 Extended its branches in Dacca, Lahore, Lyallpur, Chittagong and Narayanganj.



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1959 Agha Hasan Abedi founded UBL and inaugurates its first branch at I. I.

Chundigarh at Karachi

BOARD OF DIRECTOR

Name Designation

His Highness Shaikh Nahayan Mabarak AlNahayan

Chairman

Sir Mohammed Anwar Pervez, OBE, HPK Deputy Chairman

Mr. Atif R. Bokhari President & CEO

Mr. Omar Ziad Jaafar Al Askari Director

Mr. Zameer Mohammed Choudrey Director

Mr. Seerat Asghar Director

Mr. Muhammad Sami Saeed Director

Mr. Amin Uddin Director

Mr. Arshad Ahmad Mir Director

Mr. Aqeel Ahmed Nasir SEVP/Company Secretary & Chief Legal Counsel

Mr. Raymond Kotwal Chief Financial Officer



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V ision, Mission & Core V alues

V ision: T o be a world class bank dedicated to excellence, and to surpass the highest expectations of

our customers and all other stakeholders.

Mission:

Set the highest industry standard for quality, across all areas of operation, on a

sustained basis.

Optimize people, processes and technology to deliver the best possible financial

solution to our customers.

Become the most sought after investment, and

Be recognized as the employer of choice.

Core V alues:

Honesty and integrity.

Commitment and dedication.

Fairness and meritocracy.

T eamwork and collaborative spirit.

Humility and mutual respect.

Caring and socially responsible.



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Banking services:

1. Consumer loans:

1 . UBL Address Home Loan Facility:

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.

2 . UBL Business Financing Loan:

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.

3 . UBL Cashline Running Financing Facility:

UBL Cashline is aimed to make your life easierZINADGEE ASAAN. Whether you

are a salaried individual or a businessman.



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4 . UBL Drive Auto Loa

UBL Drive is a unique auto financing product which offers you features, options and flexibility unmatched by any other bank, because at UBL, You come first.

5 . UBL S ilah Mila

UBL has designed a campaign for the first time in Pakistan to

acknowledge and reward customers who have shown excellent performance intheir loan repayments with other banks

2 . UBL Card Products:

Welcome to the world of UBL Cards, the most exciting and

vibrant card brand in Pakistan. We offer you a range of innovative and exciting cards that are

not only powered by the security of chip but also enable you to personalize them any way you

want.

In order to get more information on our Prepaid, Debit and Credit Cards range, click on the

following cards:

1.UBL Wiz:

UBL Wiz is Pakistan's first ever Prepaid VISA Debit Card that

provides the convenience, security and benefits of an AT M and

Debit Card, locally and internationally.



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2 . UBL Mega Wallet:

A revitalized and colorful design beckons you to a mega

experience of power and rewards. Every time you use your

card to withdraw cash or conduct transactions, you will be

rewarded with points that can be redeemed for exciting

gifts.

3 .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 cardsthat is powered by a security of chip

3. Omni - Branchless Banking:

UBL Omni now brings a host of banking services to your nearest "Dukaan". UBL Omni

Dukaans are located in more than 600+ cities and towns across Pakistan. This is a major

milestone in the evolution of banking that will reshape the traditional banking model by

offering basic banking services across urban and rural Pakistan, well beyond the regular branch

networks of banks.



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Customers across Pakistan can now open a UBL Omni bank account at any UBL Omni Dukaan of

their choice, whether close to their home or place of work, by using their CNIC number and

mobile phone number - their mobile phone number will effectively become their bank account

number irrespective of which service provider they use.

UBL Omni account holder will subsequently be able to deposit and withdraw cash, make utility

bill payments, send or receive money, purchase mobile card vouchers, make postpaid mobile

bill payment and much more by using diversified array of convenient channels which includes

UBL Netbanking/ WAP, SMS, Contact Centre or ATM. No longer will they have to visit a bank

branch to conduct their basic banking transactions nor will they be limited by standard banking

hours.

People without a UBL Omni bank account will also be entertained at a UBL Omni Dukaan where

they can make utility bill payments, send or receive money, purchase mobile card vouchers and

make postpaid mobile bill payments.

4. Priority Banking:

Signature, UBL's Priority Banking service is uniquely designed to

meet the highest expectations of our high potential, high net-worth clients; wherever you may

be. Launched as an independent brand, Signature offers focused and personalized Wealth

Management Services for selected, high net-worth individuals in a completely secure and

congenial atmosphere. Being preferred customers, our clients will be given exclusive benefits,

free services and a range of value added facilities.

5 . Retail Asset Products:

UBL offers a diverse mix of agriculture based financial products.

Financing is available for all seasonal crops across Pakistan. UBL Agriculture Finance aims to

facilitate farmers via production and development loans-with flexible tenors and large

amounts. T here are also available Non-Farm loans for livestock and fisheries financing. With

an extensive branch network across Pakistan and specially dedicated branches UBL Agriculture Finance is within easy reach.

UBL also provides loans under the Small Business Scheme to individuals who wish to set up

their own small business. T hese loans are on easy terms and aim at spreading prosperity

throughout Pakistan by reducing unemployment.



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6. Corporate Banking:

Our mission is to serve all your corporate needs and

ensure your full satisfaction through product innovation, personalized banking, and top notch

service.

T he CBG department of UBL defines corporate banking in Pakistan. Amongst the local banks

UBL CBG is the pioneer in providing innovative solutions to its diversified and satisfied

customer base. UBL CBG is considered to be a major player in the financial market of

Pakistan.

T he Corporate Banking Group focuses on attracting and servicing large portfolio customers.

Our forte is providing exemplary customer service using the "Single Window" concept and

product superiority. T he Relationship Management team manned by highly qualified

individuals from the industry has steadily expanded our customer base and continues toenhance our cordial relations with our esteemed clients.

Despite the sluggish economic growth in recent years, UBL outperformed all the other local

banks in the corporate banking sector primarily due to CBG's emphasis on establishing and

enhancing relationships with foreign/local blue chip and middle market customers thereby

capturing significant market share.

UBL's appetite for large exposures coupled with dedicated Structured Finance Unit, and an

innovative team of professionals having extensive experience of Corporate Banking gives it

the right platform to succeed in today's competitive and a demanding environment.

T he success of CBG has been established from the fact that UBL received the 'No.1 Euromoney

2000' Best Local Bank award and recognized it to have out performed all other banks. In year

2000, UBL was also voted as the best Corporate Bank by the customers of a major foreign

bank in a survey. Aggressive marketing combined with professionalism has led to an increase

in UBL's market share with top corporate customers and in some cases replacing Foreign

Banks. Presently, its portfolio includes the quality names in the country, which were initially

confined to foreign banks only.



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7 . Investment Banking Group:

Established in 2002, UBL Investment Banking Group is one of the

largest and most experienced investment banking groups in Pakistan. We are the only

Pakistani commercial bank with an investment-banking desk in the GCC region. A dedicated specialist team of 19 investment bankers, with diversified academics and experience in

Pakistan and UAE, has the expertise to cater to the needs of both domestic and regional

clientele.

With an award winning team, UBL Investment Banking Group possesses diversified industry

experience, exposure to a wide array of landmark transactions and knowledge of broad range

of products resulting in top-notch deal execution to provide quality investment banking

services to its clientele. Our well established deal execution and distribution experience is

evidenced by successful closure of over 161 debt and equity transactions amounting to USD

14,559 million during 2003 2010.



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8. UBL Netbanking:

UBL netbanking offers you a simple, convenient and secure way to manage your bank

accounts 24/7 from anywhere in the world. UBL netbanking is the most trusted Internet

Banking portal in the country primarily because of its uniquely strong security features and

an attractive list of transactions and activities available.

With UBL netbanking, you can view all your deposit, credit card and loan accounts. You can

pay your utility bills, mobile phone bills, buy prepaid vouchers, invest in UBL Funds, transfer

funds to any UBL account holder or any 1Link member bank account in Pakistan. You can also

view cheques-in-clearing, manage your AT M card and shop online at our various partner

stores in Pakistan, all from the comfort of your home.

UBL also offers you the power and convenience of using netbanking on your Mobile phones

through Wireless Application Protocol (WAP) making your account more accessible than ever

befo

9 . Deposit Products:

Our deposit product portfolio offers an eclectic mix for all types of financial

requirements. Whether you are an individual interested in opening a savings account, or a

businessman wanting to maintain a foreign currency account, or a small business with a

requirement of a business account for your daily transactions, our deposit products offer you

the range you require. Check out our extensive deposit products and services and find one

especially suited to your needs



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10. Other Retail Products:

UBL has taken progressive steps towards introducing innovative products and services to

provide its customers as varied a range as there are financial needs. T he UBL product

portfolio is diverse and caters to the financial requirements of customers at all stages of thespectrum. Whether catering to the Insurance requirements of a concerned parent through

UBL BetterLife Bancassurance products or a fulfilling the payroll requirements of a small

business owner via UBL Pay Partner - our charge remains the same customer requirements

are paramount. T here are available, multitude product options for the discerning customer

and every possible financial need is catered to through efficient and pleasant service.

Furthermore our vision and mission advocate we continually strive to ensure that new

products and services are introduced continuously to provide for all financial needs of all

customers present and future.

11. Treasury&Capital Markets:

At UBL Treasury & Capital Markets (TCM), we nurture a culture of Delighting-the-Customer

with a complete focus on customer needs for their financial solutions. Recently TCM teams

customer-centric approach got a well-deserved recognition when UBL was voted best in

the following categories in an Asia-Pacific survey of corporates and institutions byAsiamoney:

Best Domestic Provider of FX Services

Best for Innovative FX Products and Structured Ideas

The UBL TCM has developed a reputation as a proven market leader in converting

innovative ideas into profitable ventures for the bank and for its customers. TCM, in the

last few years, has developed core competencies in the newly evolved areas of

Derivatives and Structured Solutions.

Today the UBL TCM is a frontrunner in providing:

The narrowest bid/ask spreads and the fastest quotes

Best for Innovative FX Products and Structured Ideas

Innovative Structured Products



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Under the new management, the TCM achieved number of milestones. It expedited

the launch of Pakistan's first derivative money market product - the FRA (forward

rate agreement) in August 2003, and has further closed several similar transactions

thereafter. UBL was also the first bank to do a plain-vanilla Interest Rate Swap. It

acquired the status of Authorized Derivative Dealer (ADD) - the only domestic bank

with this status. It started trading currency option in 2005 and now is a clear market

leader. It became the only bank from Pakistan with ISDA primary membership.

Why Clients choose us:

Diversified Experience

Professional team of 19 investment bankers with diversified work experience including

corporate banking, corporate & project finance, audit, accountancy, credit rating,

equity advisory, placement and distribution of instruments, research and financial

modeling

Diversified product palette including project finance advisory, equity and debt

advisory and business & transaction consultancy services.

Our S trong Deal Credentials

Proven ability to advise and arrange and arrange big ticket transactions as evidenced

by our credentials

Demonstrated capability and successful track record of advising domestic and foreign

investors and government agencies

One of the largest and most active advisors and arrangers amongst institutions

operating in Pakistan's investment banking area

Regional Outreach

Only Pakistani commercial bank with investment banking presence in the GCC region

Supported by dedicated corporate and institutional relationship team across the

Middle Easy in Dubia, Abu Dhabi, Qatar, Bahrain and Yemen



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Branches of UBL:

United Bank Limited (UBL ) is one of the largest commercial banks in Pakistan having

more than 14,00 online branches inside the country . And You can use your UBL Wallet

across Pakistan at more than 400 AT Ms. Its 28 branches outside the country are in theUnited States of America , Q atar , UAE , Bahrain , and Republic of Yemen . It also has

representative offices in Tehran , Iran , and Almaty , Khazakstan. It owns subsidiaries in the

UK (United National Bank Limited), and in Zurich , Switzerland .

Credit Rating:

Credit Rating by JCR - V I S Credit Rating Company Limited - June 28, 2011

Long Term Rating: 'AA + '

United Bank Limited is one of the largest Commercial Bank in Pakistan. T he Bank's long term

rating is AA +, which denotes good credit quality. Protection factors are strong. Risk is modest

but may vary slightly from time to time because of economic conditions.

S hort Term Rating 'A-1+'

T he short-term rating is A-1+ , which denotes the highest certainty of timely payment.

Short-term liquidity, including internal operating factors and / or access to alternativesources of funds, is outstanding and safety is just below risk free Government of Pakistan's

short-term obligations.

Financial satatement FOR THE QUARTER AND NINE MONTH S ENDED S EPTEMBER

30, 2011



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HEAD OFFICE:

State Life Insurance Corp. Building #1,

I.I. Chundrigar Road, Karachi, Pakistan

P.O. Box No.: 4306Phone: (92-21) 111-825-111

Gram: "UNI T ED"

Fax: (92-21) 2413492

External links:

www.ubl.com.pk

www.ublonline.com Customer Website. www.ublfunds.com UBL Fund Managers Ltd.

www.ublinsurers.com UBL Insurers.

www.ublameen.com UBL Islamic Banking Ameen. www.ubldirect.com UBL Middle East Website.

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