UBL stands for United Bank Limited. The UBL bank is actually a commercial Bank which is operational in Pakistan founded by Agha Hasan Abedi about 61 years ago in the year 1959 on the 7th of November. It is actually a subsidiary of the Best way group which is a company of British origin. The UBL is among the largest banks in Pakistan private sector banks as it can boast of over 1400 branches in Pakistan and about 19 branches abroad.
The bank Is based in Karachi Pakistan. It has a large customers base of over 4million customers.
Some of it's Subsidiaries includes UBL Fund Managers Limited, UBL (Switzerland) AG, United National Bank, it's major services includes
Asset management
Private banking
Commercial banking
Corporate banking etc
The bank is very large and it has an asset base of about $15 billion and great number of staff globally totaling about 13,000 employees
Advantages
- they are reliable
- they are innovative
- they are technologically advanced
- good customer relationship
Disadvantage
- access to some of their services is not easy
- it takes much time to respond to loans demand
- strict rules of operations