UBL re-launched in UK after 11 years
At a grand ceremony hosted by Sir Anwar Pervez, OBE H Pk, Chairman Bestway Group, United Bank Limited (UBL) UK was re-launched by Rt. Hon. Alistair Burt, Foreign & Commonwealth Office Minister in the presence of Wajid Shamsul Hasan, Pakistan's High Commissioner; Zameer Choudrey, CEO Bestway Group; Atif Bokhari, President United Bank Limited; and Mansoor Khan, CEO United Bank UK as well as, diplomats, members of parliament, captains of industry and prominent members of the local community.
Copyright Business Recorder, 2013
In his brief welcome address, Sir Anwar Pervez, OBE H Pk, thanked the Minister for inaugurating the new corporate brand. Sir Anwar touched upon his historical relationship with UBL UK going back to the early 1970s. He said it was a proud moment for him to witness the re-emergence of UBL in UK. Today, UBL has re-entered the UK market as the internationally recognised premier Pakistani bank.
The minister, in his address thanked Sir Anwar and the High Commissioner for inviting him to the launch and said UK and Pakistan enjoy historical relations, and the re-launch of UBL UK would further cement the strong bilateral bonds between the two countries. He wished the bank and its staff well for the future.
Zameer Choudrey, CEO Bestway Group said "we are proud to be associated with UBL both in Pakistan and in the UK. We believe that with a network of 6 branches in the UK, the bank is suitably positioned to engage, serve and assist in the economic development of the local communities and in particular, the Asian community".
Atif Bokhari President UBL stated that "Going forward we will ensure that we capitalise on the various synergies that the rebranding brings to the table and I have full faith that the future outlook is brighter for all the stake holders". Mansoor Khan CEO UBL UK said that "We are receptive to the need for change and improvement. Re-branding will help us in further enhancing the available infrastructure, product portfolio and client base".
The rebranding of UNB to UBL has been done with the objective of reflecting one of its biggest strength, which is being a subsidiary of UBL, Pakistan. This will enable the bank to offer more value added services and benefits to its customers. It will provide UBL UK access to products, services, technology and expertise of its parent company.
UBL dates back to November 1959 when it began with a vision of unparalleled progress and unmatched excellence true to the spirit of the era. In 1963, UBL became the first bank in Pakistan to have an overseas branch - on William Street in London. UNB was formed in 2001 with the merger of the UK branches of UBL and National Bank of Pakistan.
The Government of Pakistan privatised UBL in 2002. Bestway Group, the UK's largest trade only wholesaler holds 51% shares in UBL. Since privatisation UBL has recorded tremendous growth in business volume and is one of the largest privately owned banks in Pakistan with over 1,200 branches; a significant presence throughout the Middle East; subsidiaries in UK, Switzerland and Tanzania; a branch in New York and representative offices in Beijing and Kazakhstan. The bank employs over 16,000 people globally. UBL has a long term rating of AA+ and short term rating of A-1+ in Pakistan.
In February 2012 UBL's branchless banking - Omni - won the "Best Use of Mobile in Emergency or Humanitarian Situations" at the Global Mobile Awards 2012. In June 2012, AsiaMoney magazine declared UBL, "The Best Domestic Bank in Pakistan 2012".-PR