United Bank Limited
United Bank Limited headquarters in Karachi | |
| Company type | Public |
|---|---|
| PSX: UBL KSE 100 component KSE 30 component | |
| Industry | Finance |
| Founded | 7 November 1958 |
| Founder | Agha Hasan Abedi |
| Headquarters | Karachi-74000, Pakistan |
Key people | Muhammad Jawaid Iqbal CEO |
| Products |
|
| Revenue | Rs. 172.933 billion (US$600 million) (2023) |
| Rs. 99.451 billion (US$340 million) (2023) | |
| Rs. 55.145 billion (US$190 million) (2023) | |
| Total assets | Rs. 5.904 trillion (US$20 billion) (2023) |
| Total equity | Rs. 285.872 billion (US$990 million) (2023) |
| Owner | Bestway Group (62.13%) |
Number of employees | 14,973 (2023) |
| Parent | Bestway Group |
| Subsidiaries | UBL Currency Exchange UBL Fund Managers Limited (98.87%) Al Ameen Financial Services (98.87%) UBL Insurers Limited (30%) Khushhali Microfinance Bank (27.82%) |
| Website | ubldigital |
| Footnotes / references Financials as of 31 December 2023 | |
United Bank Limited (often abbreviated as UBL) is a Pakistani bank headquartered at I.I. Chundrigar Road in Karachi. It is a subsidiary of British multinational conglomerate, Bestway Group. Founded by Agha Hasan Abedi in 1959, UBL saw its first branch open on I.I. Chundrigar Road in November of the same year. By 1960, the bank had additional branches in Lahore and Faisalabad (then Lyallpur), as well as Dhaka, Chittagong, and Narayanganj in what was then East Pakistan. The bank was nationalized by the Government of Pakistan in 1974 through the Banks Nationalization Act. The government sold its majority stake in 2002 to Abu Dhabi Group and Bestway Group who retain control to date as of 2025.
UBL is Pakistan's largest bank by market capitalization, third-largest by total assets, and fourth-largest by tier 1 capital.
It is listed on the Pakistan Stock Exchange and has been designated as a domestic systemically important bank (D-SIB) by the State Bank of Pakistan.