A review on UBL Bank

[m148]

The types of deposits that are often used are:

1. Demand Deposit
Demand deposits are deposits with banks that can be withdrawn using a bilyet giro or check. Current accounts are commonly used because they are cheap funds, because the interest paid to customers is also relatively low compared to other deposits.

2. Savings Savings (Saving Deposits)
Savings deposits are deposits in banks, whose withdrawals are in accordance with bank requirements. This can be done through Automated Teller Machines (ATM), savings books, receipts and withdrawal slips. The amount of interest on savings depends on the policy of the bank concerned, but is usually higher than a checking account.

3. Time Deposit
Deposit deposits are deposits that have a certain period of time. So, deposit withdrawals can be made according to that time period. Deposit types also vary, for example: time deposits, certificates of deposit and deposits on call.

B. Channeling Funds (Lending)
Other bank services are activities to channel funds. This activity is to sell funds that have been collected from the community. The distribution of funds carried out by banks is carried out by providing loans to the public, known as credit.

The types of credit include:

1. Investment Credit
Investment credit is credit given to customers who invest or invest. For example: credit to build a factory, buy factory equipment such as machinery and others.

2. Consumptive Credit
Consumptive credit is credit that is used for personal purposes. For example housing loans, motor vehicle loans and others.

3. Professional Credit
Professional credit is credit given to special customers, such as lecturers, doctors or lawyers.

4. Working Capital Credit
Working capital loans are loans used by customers for working capital. This type of credit usually only has a short term or no more than 1 (one) year. For example: credit to pay employee salaries, credit to pay for raw materials and other working capital loans.

5. Trade Credit
Trade credit is credit given to traders to develop their trading activities. An example is to buy merchandise from suppliers / agents.

6. Productive Credit
Productive credit is credit in the form of working capital investment or trade. This means that this credit is given to be rolled back so that the credit return is from the profits from the business being financed.

[Trump]

Advantages of UBL Bank.
This bank is drinking too much again if we want to invest in it, it will give us some profit wins later. And if we take a loan from this, then with this loan, we will be able to complete it and sad life by taking. loan from UBL, we can have a branch of our own

Disadvantages of UBL Bank.
As this bank has many advantages, similarly, this bank has a lot of disadvantages that a customer has to bear. In case of taking a loan from Yes Bank, it takes a lot of time for us to take a loan and its loan charge is also increased.

[Aleena]

UBL like nay other bank in the world needs an efficient, effective, and reliable communication system for smooth day to day operations and for overall organizational success. The fact that it has been a highly profitable organization while being a government institution reflects to some degree on the success of its communication system.


In this report that we have done for our Business Communication, we found out exactly how the communication process at UBL works, how it was developed and adapted to suit the needs of UBL environment.

ORGANIZATIONAL HISTORY

United Bank Limited was formed shortly after the independence. UBL is one of the biggest nationalized banks in Pakistan. The establishment has its branches spread all over Pakistan. Its Head Office previously located in Karachi has now been shifted to Islamabad. UBL has one of the biggest work force which helps it in organizing its task all over Pakistan. It has its branches in foreign countries such as United States of America, United Kingdom etc.

[zahid2016]

I am Totally satisfied Customer of UBL
UBL is a Nice bank i have also well experienced with Ubl. At UBL the best part was participating in different project lead to build new skill parallel to polish existing skill, I learn a lot at UBL, It has enhance my professional skills. United Bank carries a degree of professional atmosphere. Which gives my skill an edge of handling work pressure, customer dealing, and building professional relationship with clients. At UBL performances of the employee are measured at merit basis, which lead to earn equality opportunity to make career. UBL provide best ground for newcomers.
It was a big brand and due to its wide network Ubl was the best growing bank.I just put my efforts and it paid off.There was nominal work pressure.overall it was good organization.
A good organization to work and to learn,team work is very important there and encouraging as well,management and other staff is quiet good with all employees.

[muhammadbwn]

UBL Bank ek acha bank hai pakistan main most famous bank hai or sab se bari bat hai ke es main govt ke bhe share hain es liye yeah ek trusted bank hai es ka pora name United Bank hai or pakistan ka sab se zida maqbool bank hai or es ke online banking bhe hai or es ke sab se bari bat jo hai international banking bhe hain ap log out of country payment send bhe kr sakte hain or es main le bhe sakte hain or yeah asan iqsat per qarz bhe de raha hai or govt employers ko salary bhe in time per de raha hai or es ke shara sood bhe bht kam hai es liye mere hisab se pakistan main yeah ek acha bank hai jo bht hi zida sholyat de raha hai apne customer ko es liye es bank main account open krna chye jis ka nh hai tu

[alkatiri]

Banks not only provide financial services to the public but the role of banks in the economy is able to provide additional foreign exchange.

Try to imagine if there are no banks in our country, how can we transact with other people. If the regions are close or both are in one place, it is easy, but if you are far away, even abroad? So, how can you transfer money, it is very important, not the role of banks in our economy?

We can make financial transactions because banks and banks themselves make a big contribution to the country. The role of the bank in the economy is very clear when seen from the bank's revenue which is partly paid to the state. Bank profits are not only used for bank needs and welfare but also for the state. The role of banks in our economy can be seen from the growing number of banks and the increasing domestic economy with ease of transactions.

The role of banks in the economy can be seen primarily from the traffic of payments, both domestic and foreign. Banks help with transfers, collections and clearing so that someone will not bother to send money to colleagues.

[Akhterp]

A Review On United Bank Limited

United Bank Limited (UBL) is a Pakistani multinational commercial bank which is a subsidiary of British company Bestway Group. It is based in Karachi, Pakistan. It is one of the largest banks in the Pakistani private sector, with over 1,400 branches across Pakistan, 19 branches overseas, and a customer base exceeding 4 million.

The bank has an asset base in excess of $15 billion, a global workforce of almost 13,000 people and a diversified client base covering a broad spectrum of segments and industries across the globe. UBL provides services in wholesale and retail banking through its network of branches and presence across 12 countries in four continents including the UAE, Bahrain, Qatar, Yemen, UK, Switzerland, China, Oman, US, Tanzania, Iran and Pakistan.

HISTORY:

Agha Hasan Abedi founded the bank in 1959 and under his leadership, it became the second largest bank in Pakistan. In 1974, the Government of Pakistan nationalized the bank. This, in turn, led to Agha Hasan Abedi founding the Bank of Credit and Commerce International.

In 2002, the Government of Pakistan sold 51 percent shares of the bank to a consortium of Abu Dhabi Group and Bestway. Also, the bank merged its operations in the UK with those belonging to National Bank of Pakistan to form United National Bank Limited. United Bank owns 55% of the joint-venture and National Bank of Pakistan owns the remainder. In June 2014, the government sold-off its remaining 19.8 percent shares in the bank for $387 million ($310m of which was in foreign exchange).
In November 2018, UBL announced that it was voluntarily shutting down its New York City branch due to it being commercially nonviable to operate.

ONLINE BANKING:

Muhammad Shafiq khan The Ex-president of UBL thought it prudent to initiate UBL’s online banking. Through this facility, customers are able to access their account from more than 1200 branches located in 150 cities across Pakistan. Transactions such as Cash Deposit, Cheque Encashment, Stop Payment, Account Statement, Funds Transfer, Bill Payments are done online without the need to travel to the local branch

[piton]

The bank is currently the agent for a number of financial products. The reason is that the bank has a large customer database. Because it is a place to get financial products, the facilities owned by the bank are quite adequate and can serve a number of financial products from banks. With a number of strong and qualified infrastructures, banks can also serve customers who plan to purchase financial products in real time.

Bank branch offices are more widely available than other financial institutions. If you want to choose or buy a financial product, come directly to the bank's branch office to talk to the marketing experts who are usually on site. You can also meet with customer service who are sure to know the financial products offered to their customers. The meeting will usually discuss the investment simulation that the customer has chosen.

[Gill1]

A Review On United Bank Limited

United Bank Limited (UBL) is a Pakistani multinational commercial bank which is a subsidiary of British company Bestway Group. It is based in Karachi, Pakistan. It is one of the largest banks in the Pakistani private sector, with over 1,400 branches across Pakistan, 19 branches overseas, and a customer base exceeding 4 million.
The bank has an asset base in excess of $15 billion, a global workforce of almost 13,000 people and a diversified client base covering a broad spectrum of segments and industries across the globe. UBL provides services in wholesale and retail banking through its network of branches and presence across 12 countries in four continents including the UAE, Bahrain, Qatar, Yemen, UK, Switzerland, China, Oman, US, Tanzania, Iran and Pakistan.

History:

Agha Hasan Abedi founded the bank in 1959 and under his leadership, it became the second largest bank in Pakistan. In 1974, the Government of Pakistan nationalized the bank. This, in turn, led to Agha Hasan Abedi founding the Bank of Credit and Commerce International.
In 2002, the Government of Pakistan sold 51 percent shares of the ban to a consortium of Abu Dhabi Group and Bestway. Also, the bank merged its operations in the UK with those belonging to National Bank of Pakistan to form United National Bank Limited. United Bank owns 55% of the joint-venture and National Bank of Pakistan owns the remainder.
In June 2014, the government sold-off its remaining 19.8 percent shares in the bank for $387 million ($310m of which was in foreign exchange).
In November 2018, UBL announced that it was voluntarily shutting down its New York City branch due to it being commercially nonviable to operate.

UBL POS terminals:

United Bank Limited in an effort to increase its outreach in the market of Pakistan has done contract with Access Group to activate DigitalPass – POS terminals. DigitalPass is the part of Access Group and has a presence in over 200 cities and towns of the country serving the needs of different merchants. As per this contract, UBL will be provided provision of POS terminals by Access Group to relatively boost the presence of banking activities. It will also help in enhancing the bank’s outreach in terms of POS terminal based Network.
Being the largest bank in the private sector, UBL has over 1,390 branches nationwide and 18 branches outside Pakistan. It has a customer base of more than 4 million, leading the financial and banking services in the country


Online banking:

Muhammad Shafiq khan The Ex-president of UBL thought it prudent to initiate UBL’s online banking. Through this facility, customers are able to access their account from more than 1200 branches located in 150 cities across Pakistan. Transactions such as Cash Deposit, Cheque Encashment, Stop Payment, Account Statement, Funds Transfer, Bill Payments are done online without the need to travel to the local branch.

Awards and honors:

In May 2016, UBL was adjudged ‘Best Bank 2016’ at the first Pakistan Banking Awards[5] held under the auspices of the Institute of Bankers Pakistan. The ‘Best Bank’ category recognizes a bank that has demonstrated the most significant contribution to national development and the most effective management of its resources including its employees, clients, franchise, community, and financials.
Also in 2016, JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the entity ratings of United Bank Limited (UBL) to ‘AAA/A-1+’ (Triple A/A-One Plus).The year also saw the UBL Facebook page exceeding 1 Million likes,making it the first Pakistani bank to cross a million fans on Facebook. The achievement reinforces its reputation as a Progressive and Innovative bank.
UBL has become the only bank to win the Pakistan Stock Exchange (PSX) “Top Companies of the Year” Award for three consecutive years (2016-18). The awards for the three years, were presented at a ceremony held in Karachi recently. The Prime Minister of Pakistan, Mr. Imran Khan, who was the Chief Guest at the event, gave away the awards. Ms. Sima Kamil, former President and CEO UBL, received the awards from the Prime Minister Mr. Imran Khan, on behalf of the Bank.

[Trump]

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