UBL won the Pakistan Stock Exchange (PSX) "Top Companies of the Year" Award for 2015. The Prime Minister of Pakistan, Mr Muhammad Nawaz Sharif, who was the Chief Guest at the event, gave away the awards. Mr Wajahat Husain, President & CEO, UBL received the award from the Prime Minister, on behalf of the Bank.
The award acknowledges the performance of top companies in all industries every year on the basis of comprehensive criteria such as Dividend Payout, Capital Efficiency, Profitability, Free-Float of Shares, Transparency & Investor Relations and Com-pliance with Listing of Companies & Securities Regulations.
Each year 25 companies are declared as winners of this award. These companies are selected on the basis of highest scores obtained as per the selection criteria.
On receiving the Award, Mr Wajahat Husain, President & CEO, UBL said "UBL leads the banking and financial ser-vices sector in Pakistan. Over the course of its 57 years of existence, the Bank has come to be acknowledged as a Progressive and Innovative Bank. The Bank provides financial solutions to over 4 million customers not just in Pakistan, but across four continents. This recognition has come about because of the support and patronage of our customers."
2016 was a landmark year for UBL and the PSX. The 'Top Com-panies of the Year' award added to the Bank's impressive list of tri-umphs. UBL was also declared the "Best Bank 2016" amongst all the banks of the country, at the first Pakistan Banking Awards. This award reflects the role that the Bank has played in financial inclusion and the economic development of Pakistan. For the first time in its history, UBL also received entity ratings of AAA/A-1+.