UBL United Bank Limited Pakistan

Key details

• Parent: assets

Overview

UBL United Bank Limited Pakistan is PSX: UBL + Pakistani commercial bank + Bestway Group UK-Pakistani conglomerate ~61.5% controlling + one of Pakistan's largest commercial banks by assets + ~10M+ Pakistani UBL customers ^{1, Pakistan report}.

History

Nov 7 1959 — United Bank Limited UBL founded by Agha Hasan Abedi as Pakistani commercial bank distinctive Pakistani banking heritage.

1974 — UBL nationalised by Pakistani government.

2002 — UBL privatised by Pakistani government + Bestway Group + Abu Dhabi Group ~51% acquisition consolidation.

2014 — UBL Digital mobile banking app launch.

Ownership & operator

Operating entity: United Bank Limited UBL (Pakistani commercial bank; PSX: UBL).

Major shareholders: Bestway Group (UK-Pakistani conglomerate; Sir Anwar Pervez founder) ~61.5% controlling + Pakistani retail + institutional + foreign investors free float.

Regulators: SBP State Bank of Pakistan + national regulators across 9+ countries.

Technical integration

UBL Digital mobile app (iOS + Android; ~10M+ Pakistani UBL customers) + ubldigital.com online + UBL branch network across Pakistan + UK + UAE + Bahrain + Qatar + Tanzania + Switzerland + US + Yemen international branches + UBL Visa + Mastercard cards; PK IBAN + Raast + Pak-QR.

Implementations & partners

Major Pakistani banking + payments competitors: Habib Bank Limited (HBL) (HBL Habib Bank; PSX: HBL; Pakistan's largest commercial bank by assets) + MCB Bank Pakistan (MCB Bank; PSX: MCB; Pakistani commercial bank) + Allied Bank Limited Pakistan (Allied Bank Limited; PSX: ABL; Pakistani commercial bank) + Meezan Bank (Meezan Bank; PSX: MEBL; Pakistan's largest Islamic bank by assets) + Askari Bank (Askari Bank Limited; PSX: AKBL; Pakistani commercial bank) + Bank Alfalah (Alfa App) (Bank Alfalah; PSX: BAFL; Pakistani commercial bank) + Faysal Bank (Faysal Bank; PSX: FABL; Pakistani Islamic bank) + Standard Chartered Pakistan (Standard Chartered Pakistan; LSE: STAN + SEHK: 2888) + Easypaisa (Easypaisa; Telenor Pakistan + Ant Group JV mobile money + bank) + JazzCash (JazzCash; Mobilink/VEON Pakistani mobile money) + SadaPay (SadaPay; Pakistani digital wallet) + NayaPay (NayaPay; Pakistani digital wallet) + Raast P2M QR (Raast Pakistan's national instant payment scheme).

Regulators: SBP State Bank of Pakistan + national regulators across 9+ countries.

Status

Active, PSX:UBL + Pakistani commercial bank + Bestway Group UK-Pakistani conglomerate ~61.5% controlling + one of Pakistan's largest commercial banks by assets + ~10M+ Pakistani UBL customers ^{1, 2}.

Sources

• 1 UBL — official
• 2 UBL — Wikipedia
• ^{Pakistan report} In-corpus: reports/countries/PK-pakistan.md

Source

Biography extracted from ubl-pakistan.md. See matrix.md for standards-support matrix if present.