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INTRODUCTION
With the advent of the modern technology and increased competition,
banks are undergoing major changes, thus making this field a challengingone. Banking sector no doubt has a too much important role in the
development of the national economy.
UBL was established November 7, 1959. It has 1112 nationwide and
several international branches to serve its customers. UBL with my
observation is the combination of two main aspects it not only using
modern techniques of banking with well educated trained and energetic
staff with somewhere having old banking techniques with old and
orthodox staff.
With more than 550 billion assets UBL is in the line of large banks of
Pakistan. After its privatization in 2002 the UBL is growing very fast and
with its innovating and new products it is attracting variety of customers.
PURPOSE OF THE STUDY
It is a requirement of MBA Degree, to conduct a research in an
organization. So its compulsory for us to work in an organization for a
specific period of time i.e. is at least three Months, and write a research
report on a specific organization. As UBL is one of the oldest and well
established banks in the private sector. So it is trying to expose its
performance with the help of this internship report. The main purpose of
the study is:
To observe, analyze and interpret the relevant data in a useful manner.
To work practically in an organization
To develop interpersonal communication
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SCOPE OF STUDY
As an internee in United Bank Limited the main focus of my study
research was on general banking procedures in one of the branch of UBL.These operations include remittances, deposits, advances and foreign
exchange. Similarly different aspects of overall of UBL are also covered
in this report.
OBJECTIVES OF THE STUDY
Discuss thorough study of United Bank Limited.
To understand the various operations and to equip with practical
knowledge of the United Bank Limited.
LIMITATIONS OF THE STUDY
Some thing is better than nothing. No matter how efficiently a study is
conducted, it cannot be perfect in all aspects. This study was conducted in
accordance with the objectives of the study. The study may not include
broad explanations of facts and figures due to the nature of the study.
Secondly, the limitation, which affects the study, is the restriction on
mentioning every fact of the bank due to the problem of secrecy of the
bank. Thirdly, the problem of short time period also makes the analysis
restricted as one cannot properly understand and thus analyze all theoperations of a bank just a very short time of Three Months.
METHODOLOGY
The report is based on my three months internship program in UBL. The
methodology reported for collection of data is primary as well as
secondary data. The biggest source of information is my personalobservation while working with staff and having discussion with them.
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Primary data:
Primary data include Personal observation and questioning with the
banking officials.
Secondary data:
Secondary data consist of marketing material, broachers, leaf lets,
Newspapers, Annual Reports and Internet.
SCHEME OF STUDY
1st chapter discusses the introduction of report, its Background, Purpose,
Scope, Methodology, limitations and Scheme of the report. Second
chapter is on brief history of banking in general, Nationalization of
banking in Pakistan, Introduction of UBL, vision and mission statement,
and its objectives, functions of United Bank Limited. In third chapter the
services and the departments of UBL is explained as well. Fourth chapter
explain financial analysis analysis. Fifth chapter prevent findings
recommendation and conclusion.
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ORGANIZATIONAL STRUCTUR
ORGANIZATIONAL HIERARCHY
PRESIDENT
SENIOR EXECUTIVE VICE PRESIDENT
GRADE 22
EXECUTIVE VICE PRESIDENT
GRADE 21
VICE PRESIDENT
GRADE 20
ASSISTANT VICE PRESIDENT
GRADE 19
GRADE I OFFICER
GRADE 18
GRADE II OFFICER
GRADE 17
GRADE III OFFICER
(GRADE 16)
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ORGANIZATIONAL & FUNCTIONAL STRUCTURE
5
CHAIRMAN
DEPUTY CHAIRMAN
PRESIDENT
COMMERCIALHEAD
COUNTRYOPERATIONAL HEAD
REGIONAL SALES
HEAD
REGIONAL
OPERATIONAL HEAD
AREA SALES
MANAGER
AREA OPERATION
MANAGER
SALES MANAGER OPERATIONAL
MANAGER
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FUNCTIONAL DEPARTMENT OF THE UBL
6
HEAD QUARTER
INTERNATIONAL DIVISION IT DIVISION
AUDIT & INSPECTIONDIVISION SPECIAL ASSETSMANAGEMENT DIVISION
CREDIT DEPARTMENT MANAGEMENT DEPARTMENT
COORDINATION
DEPARTMENT
AUDIT
DEPARTMENT
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ORGANIZATION STRUCTURE OF THE BRANCH OF
UBL
7
BRANCH MANAGER
MANAGER (OPERATION)
OFFICERS
COMPUTER INCHARGE
ASSISTANTS
CASHIER
GUARDS
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THE BANK
A bank is a financial institution that offers the widest range of financial
services. These financial institutions play a vital role throughout theworlds economic system.Caircross defines bank as:
A bank or banker is a dealer in credit or more properly a dealer in money.
It is an intermediate party between the borrower and the lender. It borrows
from one party and lends to another.
Also
A bank includes a body of person, who carry on the business of banking
Or
A bank is a financial intermediary accepting deposits and granting loans;
offers the widest menu of services of any financial institution.
2 main services of bank are accepting deposit and lending loans. The
banking structure of Pakistan consists of State Bank of Pakistan,
Commercial Banks, Exchange Banks, Cooperative Banks, Saving Banks
and specialized Credit Institution.
EVOLUTION OF BANK
Some authors are of opinion that the word bank is derived from the word
"Banqus" or Banque which means a "Bench". This is attributed to the
fact that the Jewish transacted the business of money exchange on bench
in market place. According to banking companies ordinance 1962
Banking is business receiving for lending or investment, of deposits of
money, from public, repayable on demand or otherwise and which draw
able by check, draw, order or otherwise.
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BANKING IN PAKISTAN
At the time of independence here were 487 offices of scheduled banks in
the territories now constituting Pakistan.
As a new country without resources it was very difficult for Pakistan to
run its own banking system immediately. Therefore in accordance with the
provision of Indian independence Act 1974, an expert committee was
appointed to study the issue.
On the recommendation of committee Reserve Bank of India continued to
function in Pakistan, till 30th September 1984, so that problem of time and
demand, liability, coinage, currencies exchange etc be settled between
India and Pakistan. It was decided that Pakistan will take over the
management of public debt and exchange control from reserve Bank of
India on 1st April 1948, and that India notice would continue to be legal
tender to Pakistan till 30th September 1948.
Following the announcement of independence plan in June 1947, the
Hindus residing in the territories now comprising Pakistan started
transferring their assets to India. Moreover the banks including those
having the registered offices in Pakistan transferred to India in order to
bring a collapse of new state. By 30th June 1948, the number of offices of
scheduled banks in Pakistan declined from 487 to only 195.
There were 19 non-Indian foreign banks with the status of small branch
offices, which were engaged solely in export of crops from Pakistan
institutions i.e., Habib Bank and Austro Asia Bank.
Yet some other banks i.e. UBL was privatized in 2002 and HBL was also
privatized in October 2000
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INTRODUCTION OF UBL/ ORGANIZATION STRUCTURE
UBL was established November 7, 1959. After seeing so many ups and
down in 2002 finally it has been IN 2002 with Abu Dhabi Group (UAE)and Best way Group (UK) each acquiring 25.5% shares and management
control in the bank. The Government of Pakistan (GoP) held 44.7% at
year-end 2006, having divested approximately 4.2% to the public when
the bank was listed on the exchanges in 2005. Another 20-25% is being
divested by the GoP to international investors through a GDR offering,
which will enable listing on the London Stock Exchange. The Board of
Directors of UBL is chaired by H. H. Shaikh Nahayan Mubarak Al
Nahayan who is a prominent member of Abu Dhabis royal family.
Deputy Chairman of the bank, Sir Mohammed Anwar Parvez, is currently
chairing the Best way Group which is one of the largest wholesalers in the
UK market. There are 5 other board members, including 3 nominees of the
GoP. Mr. Atif Bukhari, President & CEO, has been associated with the
bank since 2004 and has extensive prior banking experience as does thesenior management team of the bank. The team has largely remained
stable except for the position of Group Head Treasury, that has been
vacant far the past 10 months.
As at December 31, 2006, the organization had a total staff strength of
15,369 (FY05: 13,479) employees, of which 9,738 were the banks own
staff, while the remaining were out sourced resources. Turnover for the
year was about 10%, while approximately 1,300 new employees had been
hired during the year.
UBL has a growing presence in the international market through 17
branches in various foreign countries, with significant activity in Middle
Eastern markets, particularly in United Arab Emirates and the Kingdom of
Bahrain. Additional branches in the Arabian region will be established
during the on-going year. Profit before tax from international.
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Operations increased by 31% to Rs. 2.48b during FY06. International
business has increased considerably with increased mobilization of
deposits, which rose by 61% to Rs. 63.5b while advances increased by
46% to Rs. 38.8b. Two major strategic initiatives during the out-going
year included the formation of an insurance company, UBL Insurers
Limited and launch of UBL Ameen, the Islamic division of the bank. UBL
Ameen will target customers through dedicated Islamic banking branches.
UBL was also one of the first few banks to set up an asset management
company.
ROLE OF FINANCIAL MANAGERS
Financial managers play a dynamic role in companys development.
Financial manager raised funds by borrowing from financial institution at
contracted rate for a specified period of time. Financial manager manage
firms cash position. They are entering into transaction of lending to
financial institution. It is the responsibility of Finance manager to provide
and arrange the cash when it is needed. It is the duty of Finance manager
to check the credibility of the customer to decide whether credit should be
extended or not. ABL is disbursing the following Finance and financial
manager maintain the relationship with other financial institutions in term
of credit, cash and account management which are discussed below.
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ACCOUNT/ FINANCE DEPARTMENTS
Honesty
Integrity
Commitment & Dedication
Fairness & Meritocracy
Team work & collaborative spirit
Humility and mutual respect
Caring and socially responsible
SLOGAN
UBL where you come first
CREDIT RATING
Credit Rating by JCR - VIS Credit Rating Company Limited - June 26, 09
Long Term Rating: 'AA + '
United Bank Limited is one of the largest Commercial Bank in Pakistan. The Bank's
long term rating is AA +, which denotes good credit quality. Protection factors are
strong. Risk is modest but may vary slightly from time to time because of economic
conditions.
Short Term Rating 'A-1+'
The short-term rating is A-1+, which denotes the highest certainty of timely
payment. Short-term liquidity, including internal operating factors and / or access to
alternative sources of funds, is outstanding and safety is just below risk free
Government of Pakistan's short-term obligations.
Term Finance Certificate Rating:`
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TFC - I: 'AA'
TFC - II: 'AA'
TFC - III: 'AA'
TFC - IV: 'AA
SOURCES OF FUNDS
Following main sources of funds of ABL are Deposits, share capital, subordinated
loan, and borrowing from financial institution.
Following main sources of funds with their actual figures are:
(Rs. IN 000)
Deposits are the main source of fund of ABL. Bank receives deposits from the
customer at lower interest and lends these deposits to the other group of people at
higher interest. The markup received on the lending money and pay profit to the
depositors after meeting banking expenses. Share capital, subordinated loan and
borrowing from financial institutions are the other sources of fund. Funds borrowed
from the local interbank market against government securities to meet the urgent
needs.
GENERATION OF FUNDS
Sources 2008 2007 2006 2005 2004
Deposits297,475,321
263,972,382
206,031,324
161,907,491
126,391,752
Share capital6,463,64
45,386,37
04,488,64
24,404,64
2 4,404,642
Subordinatedloan
2,498,000
2,499,000
2,500,000 - -
Borrowing 27,778,151
22,933,656
18,410,425
9,785,693
12,538,430
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Banks generate funds through Interest income, Dividend income, Fee, Commission,
Brokerage income, Income from dealing in foreign currencies, Gain on sale of
securities and other income.
Generations of funds with their actual figures are:
Interest received on lending is higher than the interest paid to the customers.
Difference between receipt and payment of interest is the earning of bank. Bank
generate fund through these heads e.g. interest, non interest income and other income
that increase revenue of bank. From 2004 to 2008 ABL generate more funds by
purchasing stocks of different companies to earned dividend and enhance facilities to
customers. Bank invests money into profitable projects and lends it at higher interest
rate to increase earning. ABLs earning is going to increase by efficient exploitation
of resources.
ALLOCATION OF FUNDS
Rs IN 000 2008 2007 2006 2005 2004
Interest income30,570,54
021,201,42
217,215,50
79,892,05
15,244,71
0
Dividend income1,420,36
4147,18
4193,25
546,14
615,23
0
Fee, commission & brokerage income
2,291,45
9
2,062,67
7
1,353,88
8
1,220,36
2
1,255,15
3
Gain on sale of securities151,06
81,439,38
7376,79
2124,38
314,00
8
Income from dealing in foreigncurrencies
230,060
194,879
282,285
250,224
265,345
other income59,15
477,43
5273,02
8272,76
2154,68
2
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Funds are allocated in short-term loans repayable at short notice, investment in
government and other stock exchange securities, loan and advances to trade,
commerce and industry, purchase and discounting of bills, financing import and
export trade.
Rs IN 000 2008 2007 2006 2005 2004
Advances
212,972,008
168,407,280
14,033,634
110,946,972
59,484,812
Investmen
t
82,631,118
83,158,463
46,953,241
44,830,058
57,321,020
Banking sector advances in Pakistan grew from 2004 to 2008, whereas growth in the
Banks advances was superlative in 2008. The growth pattern indicates that the Bank
has outpaced overall credit growth of banking sector, while concomitantly
maintaining healthy Advances to Deposit Ratio and Capital Adequacy Ratio. While
expanding the advances portfolio, the diversification takes into account the volatility
of various sectors by placing concentration limits on lending to these sectors thereby
ensuring a diversified advances portfolio. Composition of the banks advances
portfolio is significantly diversified. Textile, Cement, Financial Institutions,
Agriculture and Transport/Communication are major contributors to the advances
portfolio. Advances are allocated to both public/Government and private sectors. The
Bank has entered into various agreements for financing with the State Bank of
Pakistan (SBP) for extending export finance to customers. As per the agreements, the
Bank has granted the SBP the right to recover the outstanding amount from the Bank
at the date of maturity of the finance by directly debiting the current account
maintained by the Bank with the SBP. Long Term Financing against Export OrientedProjects (LTFEOP) availed by the Bank for further extending the same to its
customers for export oriented projects, for a maximum period of 7.5 years.
Investments remain powerful in market treasury bills, bonds and debentures and other
companies.
PRODUCT & SERVICES
We can describe UBL product & services in to four major categories
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Deposit
Cards & Loans
Services
NRP Services
DEPOSITS
UBL offers variety of depository services to its clients in the shape of different
accounts
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RTA (PLS SB ACCOUNTS)
Main Features
Account on profit & loss sharing basis
Checking account
Minimum deposit at the time of A/C Opening is Rs.100/-
No restrictions on withdrawals
Profit is paid at the rates declared by ALCO after every six months.
Profit is credited in the account on a six monthly basis.
Profit is calculated on monthly product basis; the lowest credit balance
between the close of business on the first day & the last day of calendar month
is treated as the product of the month.
Withholding tax @ 10% on profit amount
Account subjected to Zakat
Restrictions
Only one account shall be opened in one name
Overdraft facility is not allowed
Accounts not to be opened in the names of:
Local bodies, Autonomous corporations,
Companies & Firms
Current Deposit Accounts
Checking account
No profit paid
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RUPEE BUSINESS PARTNER ACCOUNT
Vision
To be the preferred banker to our target which includes traders, businessmen,
proprietorships partnerships, small & medium size companies and well established
organizations
UBL Business partner is a specialized Current checking account which aims at
providing the necessary avenue for individual / corporate customers of bank to
transact all their business. It will substitute the existing CD account by making value
additions, mainly technology and services driven
Primary Target Market
Traders
Businessmen
Proprietors
Partnerships
Employed Professionals
Small & Medium Size Companies
3.3 UBL BASIC BANKING ACCOUNT (BBA)
To accommodate the banking needs of low income groups, United Bank Limited is
pleased to launch the UBL Basic Banking Account Scheme (UBL BBA) from
February 25, 2006 across its branch network all over Pakistan. This is primarily aimed
toward helping the low income group to benefit from the banking services without
having the pressure to maintain specific balance amount with the banks. Find below
basic product features of the Product:
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Special Features
The minimum initial deposit at the time of account opening is to be Rs. 1000/-.
Basic Banking Account will be a current account.
There is no minimum balance penalty on UBL BBA accounts, however all
accounts having nil balance for a continuous six month period shall be closed.
All Business Partner waivers allowed if minimum balance requirement
condition as per SOC is met by the account holder.
Maximum of two deposit and two withdrawals (cash or clearing) per month
are allowed free of charge. However, any transaction (cash or clearing) after
those mentioned above will be charged a flat fee of Rs. 50/-, in addition to the
regular charges of services as per SOC. This charge will be system generated
end of day, once the customer exhausts his free transaction limits.
BBA customers will be allowed unlimited free ATM withdrawals from UBLs
own ATMs. However, withdrawals from other banks ATMs will be charged
as per the existing SOC (currently Rs. 15/- per transaction). Annual fees
including issuance and renewal of ATM card will be charged as per existing
SOC.
All other banking services provided will be charged as per the prevailing SOC.
The statement of account will be issued once a year for UBL BBA customers
in June. Issuance of duplicate statement will entail a charge of Rs. 50/- as per
SOC.
Like the regular Current accounts, UBL BBA will also be Zakat Exempt
accounts.
Any existing customer wanting to convert his/her checking account into Basic
Banking Account can do so by giving a written application to the Branch
Manager upon which existing account will be closed and a new UBL BBA
account will be opened and a new account number will be provided to the
customer after due account opening procedures, including submission of
CNIC, if not provided earlier. The deposit in the previous account will be
transferred to the newly opened UBL BBA. Charges for closing any existing
account shall be recovered as per SOCs.
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UBL UNIFLEX ACCOUNT
UBL has introduced a new checking account ideal for small investors, traders,
businessmen and customers from middle income group. They can now afford an
amazing rate of return plus value added benefits only available from the UBL UniFlex
PLS Savings Account.
Special Features
Amazing rate of return
Convenience of a cheque book
Power of Wallet VISA ATM / Debit Card
Online Banking Facility
UniFlex Rates & Tenors
Four rate tiers are offered to UniFlex customers
Minimum Balance touched in
month (Rs.)Proposed rate Dec 2008*
Rs. 0 - Rs. 50,000
7.00%
Rs. 50,001 - Rs. 1,000,0007.25%
Rs. 1,000,001 Rs. 5,000,000
7.50%
Rs. 5,000,001 Rs. 10,000,000
7.75%
Above Rs. 10,000,000
8.00%
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Terms & Conditions
All individual and joint account holders and sole proprietorships are eligible for the
UBL UniFlex Account (scheme); Corporations and partnerships are ineligible for the
scheme.
Only one UBL UniFlex account per Computerized National Identity Card (CNIC)
shall be allowed to be opened in UBL, regardless of the branch; no doubling shall be
allowed even as joint account or sole proprietor.
The Bank shall determine from time to time the rate of interest/return/profit payable
on the account/deposit in accordance with the prevailing profit and loss sharing rules
and regulations of the State Bank of Pakistan and the policies of the Bank which are
subject to change from time to time and the account holder/depositor agrees to accept
such rate of interests/return/profit at the time such change was made.
Interest/return/profit shall be accrued monthly, based on minimum balance touched
during the month, and disbursed six monthly directly into the UniFlex account.
The UBL UniFlex account cannot be overdrawn.
Accounts that are closed in the middle of a month will not be eligible for any
interest/return/profit for the broken period of that month.
Wallet VISA card is optional; charges as per Schedule of Bank Charges (SOC).
(Please apply on the regular Account Opening Form)
Regular checkbooks shall be provided as per Schedule of Bank Charges (SOC).
Customer can conduct a maximum of three free of cost withdrawal transactions in a
calendar month (inclusive of all instruments). These withdrawals include but not
limited to Net banking, cash withdrawal by ATM, cash withdrawal over the counter,
Inter Bank Funds Transfer (IBFT), clearing, collection, Online banking, Tez Raftaar,
Tez Ibex, MT/DD/TT/PO/Online (UniRemote), RTC, etc. The Bank will charge asum of Rs. 100/- per transaction for any withdrawal above the threshold of three debit
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transactions in one calendar month. However, there is no limit for credit transactions
in a month.
All single debit incidents to an account will be considered as separate transactions
except deductions by the bank for charging service fee, Withholding Tax and Zakat
deductions.
All transactions, including the three withdrawals allowed will be charged as per the
Schedule of Bank Charges (SOC).
The UniFlex Account Holder shall be required to maintain the minimum balance
requirement of Rs. 10,000/- during each calendar month. Service charges where the
average balance during the month is less than Rs.10,000/- shall be applied as per the
Schedule of Bank Charges (SOC).
PLS UNISAVER ACCOUNTS
Accounts opened in a similar manner as normal PLS Savings accounts.
Eligibility
Individuals
Firms
Companies
Trust & Associations
Minimum Balance Requirement
Rs.10,000.00
Withholding Tax & Zakat
Applicable as per Government directive
Profit
Special tiered rates of profit are admissible for
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UNISAVER ACCOUNT
Special Features
Innovative and flexible checking account
Attractive rates of return
Profit is calculated on monthly average balance
Profit payment is on six monthly basis
Higher return on higher balances
Backed by the bank awarded AAA Credit Rating
UNISAVER PLUS
Features
Product Type Checking Account
Min. Investment Rs. 50 million
Profit Rate Special rate approved by HO
Rate Revision On HO discretion.
Profit Payment Monthly
Profit Compute Daily balance basis
No. of Transaction Unlimited
Product positioning
Tiers and Preferential Rates
Profit Computation Monthly Profit payment
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Transaction Limit and Notification
Intimation to Branch by customer for any Inflow / Outflow of Rs.300/- m &
above
Branch to TCM before 3:00pm
Penalty on CB by TCM
If customer fails to notify, no interest for the notice period
Role of Business
Offered to selective customers at special rates
Prior approval from Head LBMG / Group Head CB
Monthly review
Data base of customers LBMG
Zakat & Withholding Tax
Zakat as per Zakat & Usher Ord. 1980
W/Tax as per Income Tax law
MOBILIZATION OF FUNDS
Procedure for Certificate of Deposits
How you can earn a higher income on your surplus cash by investing it in UBL Profit
Certificate of Deposit. UBL Profit helps you earn extra income with your hard earned
money, while providing absolute trust and security.
Two Types of Profit Payment Options
Profit Payment at Maturity
Monthly Profit Payment
Salient Features
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Stable & High Rate of Return
Avail one of the best and most stable rates of return by investing in UBL
Profit CODs.
Wide Choice in Tenor of Deposit: 3 month to 10 Years!
You have the convenience of investing your money for the duration of your
choice: anywhere from 3 months to 10 years.
Security
UBL understands the value of your hard earned money and continues to deliver on the
promise of safety and security. UBL's A+ credit rating by PACRA ensures a secured
investment for your money.
Easy Available Financing
You can take a loan against UBL Profit CODs for both your short and long term
financing needs. You can avail financing up to 90% of your deposit at a very nominal
cost, allowing you to earn high profits and still have the liquidity to meet your
financial needs.
Easy Availability
UBL Profit CODs are available across the nation at 916 online branches in more than
400 cities across Pakistan. Simply walk into your nearest online UBL branch and
make a smart investment through UBL Profit Certificate of Deposit (COD).
Free Insurance Coverage
All UBL Profit COD customers shall also be eligible for the UBL Accidental Death
and Permanent Disability scheme.
Policy
COD is a daily profit product with fixed maturity under the rules of Profit &
Loss sharing.
COD are of two type1.profit payment at maturity.2.Monthly profit payment.
Choice of tenor for profit payment at maturity is from 3 months to 10 years
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Choice of tenor for certificates of monthly payment are from 1 year to 10
years
Minimum booking Rs.50000/- with multiples of Rs.25000/- issued through a
checking account. Multiple of CODs can be issued to the same customer against one booking
form.
ATM card shall be issued for link account for withdrawal of profit.
Profit of COD shall be disbursed to the depositors through his checking
account. Which shall be maintained in the same Branch & minimum balance
penalty shall not be applied on this account. This link account shall not be
transferred to dormant ledger. After encashment of COD this link accountshall be treated normally as other accounts.
Financing facility is available (75 % upfront, which can be enhanced up to 90
%).
Lien will be marked in the system and on the face of COD.
COD held as security against lending shall be settled on maturity & no
rollover will be allowed.
Profit will be accrued / paid on monthly basis at the rate it was booked.
Manual branches shall receive a report on monthly basis showing accrued
profit till the date of last month.
Zakat will be deducted on encashment value on payment date if COD was
outstanding on valuation date/ or payment of profit whichever is earlier
Exemption will be allowed if declaration (CZ 50) is registered with the Bank
one month prior to the valuation date.
Withholding Tax shall be recovered on the profit amount as per Law in force.
Placement of funds by any Institutions is exempt from Zakat subject to
submission of Zakat Exemption Certificate.
Rollover option is available, & Uni bank shall do so on maturity at prevailing
rate.
For rollover instructions funds would be auto booked in the system at the
prevailing rate for the next period.
COD receipt is issued by the bank which is a security stationary. NR (it should
be system generated).
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Payment of monthly profit on COD
Profit paid on monthly basis, Zakat is calculated on face value on relevant
payment date.
Exemption will be allowed if declaration (CZ 50) is registered with the Bank
one month prior to the valuation date.
Booking of COD on special rates
HO approval needs to be sought.
COD will be booked on HO declared rate in the system, no matter it is higher
than monthly declared rates.
If the rate negotiated is higher than the declared pool rate of the month the difference
of pool rate and agreed rate should be compensated by the treasury to the concerned
branch.
Premature encashment COD Profit pays at Maturity
Encashment shall be made through the account.
Zakat is chargeable only once at the time of the payment on maturity on
encashment value. The amount of Zakat shall be calculated on the payable
value of the COD as existing on the morning of the valuation date of the Zakat
year.
No profit will be paid if COD encashed before 3 months.
In case of encashment after 3 months, but before maturity, profit shall be
paid@ PLS SB declared Rate at the time of booking on daily product basis.
Premature encashment COD monthly profit
Incase COD is encashed before one year No profit shall be paid & profit
already paid shall be recovered from principal.
CODs are issued in multiple of Rs.25000/- & as such partial encashment is
possible.
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If COD is encashed after one year but before maturity, profit shall be paid @
PLS SB Rate prevalent at the time of booking. If profit paid is more then the
calculation on PLS SB Rate, difference shall be recovered from principal.
As per current system where Zakat is deducted on principal amount once ayear, the deductions of Zakat on monthly UBL COD will be calculated
automatically by the system. If the month of Zakat lies between the tenor of
the UBL profit COD-Monthly profit and the customer has not given the
declaration, Zakat will be deducted from the profit. If one month profit is not
sufficient the remaining amount of Zakat will be deducted from the next
month profit amount till Zakat amount is fully recovered.
Procedure
For COD customer should have a checking Account.
For existing account holders only COD booking form is required
giving full details, i.e. maturity, type of COD instructions for Roll over or
settlement at maturity.
Rate of profit shall be advised to the customer from monthly projected Rates.
NR (rate information should be communicated by the system on available
address/ email & send cell alerts by default.
Customers Account shall be debited & COD account shall be credited.
For issuance & payment maker & checker should be required.
Original receipt shall be delivered to the customer / authorized person against
acknowledgement on counter folio.
System pass monthly accrual entries regarding CODs, & monthly payment of
profit is auto credited in link account.
On maturity funds are automatically transferred to customers COD account to
link checking Account.
RUPEE TRANSACTIONAL ACCOUNT
If you choose to keep a deposit in a secured savings account which also gives an
attractive rate of return, then UBLs PLS Savings Account will serve all your
financial needs. By keeping your deposits in UBLs PLS Savings Account you can
also avail the following services:
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Special features are
No limitation on withdrawals
Share of profit is credited on half-yearly basis
Profit is calculated on monthly balance
UBL offers free accidental and permanent disability insurance to individual
and joint account holders
683 branches 400 cities. Your Account in every one of them.
Access your account from more than 683 online branches in 400 cities and
towns across Pakistan. Our network is growing at an amazing pace and now
you can avail services like:
Issuance of Pay Order, Demand Draft, Money Transfer & Telegraphic
Transfer
Country Wide Instant Funds Transfer
Country Wide Instant Deposit / Withdrawal (both Cash & Cheque)
Issuance of Statement of Account/ Balance Inquiry
Stop Payment of Cheque
Speedy OBC process for cheques of other banks within & inter city
Now customers can deposit all UBL and non UBL cheques in any online UBL
branch for clearing / collection
9-5 Non-Stop Banking
Banking at your own convenience has been made possible. UBL now offers 9-
5 Non-Stop Full-Service Banking at all of branches (above 1000) across
Pakistan.
Cheques / cash (FCY & PKR) deposit & withdrawals
PO / DD / RTC issuance (all local currency remittance transaction) against
cash
Utility bill payment
Countrywide Instant Cheque Clearance
Submit a cheque in Karachi and get it cleared in Peshawar within minutes.
With online banking services, you can get your cheque cleared instantly,
without any hassle.
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Instant funds transfer
Funds transfer was never this easy. Make payments or receive payments
within minutes using our online facility. With the introduction of Internet
Banking now funds transfer is even made easier and is just a click away
REGULAR TERM DEPOSITS RECEIPTS
If you wish to make a secured long term investment, UBLs Term Deposit Receipt is
the smart choice, just make an investment and see your deposit grow over time. By
investing in UBL Term Deposit Receipts:
Features
You get an attractive rate of return.
Your profit is paid monthly on a floating rate based on money market
conditions.
You have the flexibility to choose from a wide range of tenors.
You can avail the Rollover or Renewed option at any time before encashment
You can get your TDR en-cashed at any time before maturity period.
Avail different attractive rates depending on the tenor you choose.
Get the pleasure of availing the best rates of return in the market.
Avail the services and facility of 9 - 5 non stop full service banking in all UBL
branches (over 1000) across the country.
UBL offers free accidental and permanent disability insurance to individual and joint
account holders
FOREIGN CURRENCY ACCOUNTS
If you wish to maintain a secured foreign currency savings account then UBL is the
safest and most secure investment. By opening a UBL foreign currency savings
account:
TYPES OF FOREIGN CURRENCY ACCOUNTS AVAILABLE AT UBL
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Saving Account = Profit Generating
Current Account = No Profit
FC TDR = Profit on Maturity
All Profit Calculations are based on Schedule of Charges
Account can be open in
Foreign Currency Minimum Balance Incidental Charges
US Dollar 500 5
Euro 400 4
Pound Sterling 300 3
UAE Dirham 2,000 20
Saudi Riyal 2,000 20
Unizar Plus
UBL Unizar Plus, a highly lucrative foreign currency account offers the
following features
Accounts can be opened in US Dollar, Pound Sterling, Euros, UAE Dhiram &
Saudi Riyal
You can maintain current, saving or term deposit account
Special features are
Choose from different range of currencies i.e. US Dollars, British Pounds, and
Euros etc.
There are no cash handling (Cash Deposit & Cash Withdrawals) charges from
the customers.
Avail different attractive rates depending on the currency you choose.
Get the pleasure of availing the best rates of return in the market.
Unlimited withdrawals and deposits, making it easier for you to fulfill your
routine business needs.
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Avail the services and facility of 9 - 5 non stop full service banking in all
foreign currency handling branches such as foreign currency traveler cheque
and demand draft issuance against cash and foreign currency cash deposits and
withdrawals. You can withdraw funds in either foreign currency or in Pakistan Rupees,
whatever your requirement may be.
UBL offers the widest reach across the country with an increasing number of
more than 228 foreign currency dealing branches.
You get to take your profit home every six months.
Zakat exempted
UBL offers free accidental and permanent disability insurance to individualand joint account holders
CARDS & LOANS
UBL ADDRESS
UBL BUSINESSLINE
UBL CASHLINE
UBL DRIVE
UBL CREDIT CARD
UBL ADDRESS
Owning a house of your very own is a cherished dream. A lot of planning and hard
work is involved in making this dream come true. That is why, at UBL we aim to
make your decision easier, by offering you the right ingredients that can help you
realize your dream with absolute convenience
Buying a Home
Why rent when you can buy? Buying a home of your choice has never been so easy. With a maximum
financing limit of 70% you can easily buy a house or apartment that best fits your requirements. So go ahead
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and start the search for your dream home because with easy and affordable installments you need not think
of renting a house when youve got UBL Address.
Building a Home
Have you ever settled for anything less than perfect? Theres nothing like building your perfect home, your
way. With every detail in place like the elegant French windows or the perfectly manicured lush green lawn,
just the way youve always imagined. By chalking out well planned fund tranches at each phase of the
building process, UBL Address brings you your dream house one step closer.
Land Plus Construction
What do you do with an empty piece of land? Construct your dream house with all the aesthetic details youve
ever wished for. UBL Address helps you through every stage of construction by providing you with well
planned out fund trenches so that you can better manage your construction.
Floating Rate
In this option, you get a fixed rate for a period of 12 months, which gets re-priced annually. (Upward or
downward, only to the extent of Kibor).
Eligibility Criteria
Minimum monthly income: Rs.50,000
Age: 23 to 65 years
Resident Pakistani
Self-employed businessman/professional or salaried individual
Minimum loan size: Rs. 500,000
It is a Credit Line/ OD Facility against Residential Property. It is an evergreen credit line that the customer
can use for his/her business expansion
Utilize up to Rs.10 million. Now, UBL Business line credit line is here to solve all your cash
flow problems. You can utilize up to Rs.10 million with the help of which you can
now focus on your business expansion and growth.
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UBL Business line offers you the facility of availing a financing of up to 70 % of your property value. Now that
you can avail a higher amount against your assets, you can plan your growth and expansion exactly the way
you want to. In addition financing is offered to customers that are already availing a similar facility from any
other bank.
With UBL Business line, now you no more need to pay for the entire credit line that you own. Business line
gives you the facility to pay mark up only on the amount that you utilize.
After completion of your documentation requirements, UBL Business line promises you a very smooth and fast
processing, hence saving you time and frustration.
UBL Business lines availability in major cities like Karachi, Lahore, Faisalabad, Islamabad & Rawalpindi, is
complimented by UBL s countrywide branch network enabling our customer to access his account, and
deposit or withdraw cash, no matter where he stands within the country.
At UBL, you come first, which is exactly the reason why we offer our customer such competitive rates that
would facilitate him in leveraging his skills to the maximum and in bringing about the success that he
deserves.
If you fall in the following criteria, then UBL Business line is just the right choice for you
Minimum monthly income: Rs. 50,000
Age: 25 55
Resident: Pakistani.
Self Employed Professional / Self Employed Businessman.
is a flexible loan that provides you cash up to Rs.500,000 without any security requirements. It
empowers you to take control of your finances. UBL Cashline is aimed to make your life easierZINADGEE
ASAAN. Whether you are a salaried individual or a businessman, UBL Cashline takes care of your cash
requirements. Cashline offers you:
No fixed monthly installment.
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Principal repayment at your convenience.
No prepayment penalty.
Markup only on utilized amount.
Worry free payment of bills, shopping, childs education, short-term business needs or just about
any thing you can think of!
t
For the first time in Pakistan, you can now control your markup. Enjoy lower markup on higher
utilization of funds.
Markup calculated on daily outstanding balance.
Continuous line of credit.
Instant access to cash through the entire UBL network. You will be given a cheque book and an ATM/Debit
Visa Card which you can use at 900,000 ATMs and 22 million outlets worldwide. Unsecured /clean lending, no
collateral required.
All UBL Cashline customers are automatically registered on UBL net banking and can avail numerous net
banking features.
A salaried person of 21 to 60 years and your monthly net salary is Rs. 100,000 or more; A self employed
business person/professional of 21 to 65 years and your monthly net take home income is Rs. 100,000 or
more.
UBL Drive is a unique auto financing product which offers you features, options and flexibility unmatched by
any other bank, because at UBL, You come first.
UBL Drive allows you to drive away in your own car by making a down payment of just 15% and to top that
with low monthly installments.
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With UBL Drive you can buy your favorite used car (up to 5 years old) at the most affordable rates.
Drives Car Replacement Plan is the slogan name for a premier auto financing product. Customers who intend
to avail loan facility from UBL Drive under this variant can readily have their existing cars replaced after a year
of financing.
Option will be provided to the customers on affordable rates. this will be done in collaboration with the
insurance companies on our panel.
Includes accidental death coverage and medical reimbursement to the customers in case of any unforeseen
circumstances.
No penalty will be charged from the customer if the loan is been paid off after a year.
A unique concept whereby which payment breaks will be given to the customers on occasions such as Eid etc.
Payment Holidays will be given to the customers.
Whereby which the customer will be provided the flexibility to change the loan tenor, opt for partial payment
of the outstanding principal amount..
UBL Drive offers you the following insurance options:
Comprehensive insurance
Insurance financing for the first year
Discounted rates with Tracker car security device installed at customers' cost
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Financing is available for Major and Minor crops across Pakistan. Main purpose of financing is to facilitate
farmers to purchase Agri Inputs such as Seeds, Fertilizers, Pesticides, Sprayers, hired labor etc.
Loan Tenure 3 years
Documentation once for 3 years.
Cleanup once a year
Option for the farmer to use limit as per requirement
Markup is charged on amount used or withdrawn
Minimum Amount PKR 30,000
Maximum Amount as per requirement of the farmer
Loan Tenure 3 months to 1 year
18 months for Sugar cane only
Lump sum disbursement of the limit for a specified period.
Repayment of loan in bullet payment on maturity (Principal and markup).
Minimum Amount PKR 30,000
Maximum Amount as per requirement of Farmer
Financing for Land Improvement, Water course improvement, Tube wells, Lift pumps, Deep turbine pumps,
Cotton pickers, Godown, Cold Storage, Harvester, Thresher, etc
Loan Tenure 1 to 5 years
Lump sum disbursement of the limit for a specified period.
Repayment in installments (Principal with markup).
Repayment mode monthly, quarterly and half yearly
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Minimum Amount PKR 30,000
To purchase Tractors, Delivery Vans, Mini Trucks, Motor Cycle and other vehicles used for marketing Agri
Products.
1 to 3 years for Motor Cycle
1 to 7 years for Tractor
1 to 5 years for other 4 wheel vehicles
Lump sum disbursement of the limit for a specified period.
Repayment in installments (Principal with markup).
Repayment mode monthly, quarterly and half yearly
Minimum Amount PKR 100,000
Maximum Amount PKR 1,500,000
Dairy Farming, Meat Farming, Fattening of Animals, Rearing of Animals, Construction of Sheds, Milk storage
tanks, acquire and establish modern and efficient livestock facilities.
Loan Tenure 1 to 5 years
Monthly / Quarterly repayment mode for Dairy Farmers
Monthly / Quarterly / Half Yearly repayment mode for Meat Farmers
Minimum Amount PKR 50,000
Maximum Amount as per requirement
Poultry Farm structure and equipments, Hatchery farm structure and equipments, Feed Mills, Purchase of
Chicks, Feed, Medicines, Storage tanks, Cold storage, Construction of shed, etc.
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Loan Tenure 1 to 5 years
Monthly / Quarterly repayment mode for all loans
Minimum Amount PKR 50,000
Maximum Amount as per requirement
Fish seed, Fish feed, Manuring, Construction of pond, Curing and Dying by fishermen, etc.
Selection Criteria
Eligibility
Should be a Pakistani & holding CNIC
Preferably an account holder of UBL
Permanent resident of the area
Should be Agri land owner
Self cultivator
Minimum 3 years experience in relevant field
Not a defaulter of any bank
Have repayment capacity
Able to produce proper securities / Passbooks / sureties
SMALL BUSINESS SCHEME
Under the Small Business Scheme, UBL is providing loans on easy terms to those who wish to set up their
own small-scale business. This scheme is aimed at spreading prosperity in the country by reducing
unemployment.
As more and more people start their own industrial units, the country will move steadily towards economic
self-reliance.
UBL CARDS
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Welcome to the world of UBL Credit Cards, the most exciting and vibrant credit card brand in Pakistan. We
offer you a range of innovative and exciting cards that is not only powered by the security of chip but also
enable you to personalize it any way you want. In order to get more information on our credit cards range,
click on the following cards
UBL Credit Card Features
Your UBL Credit Cards exciting and value added features will change your life in a manner which will ensure
that you constantly enjoy living it.
3.3 The UBL Credit Card
Low Balance Transfer Rate
Now you can really save big time with your UBL Credit Card Balance Transfer Facility! You
have the opportunity to pay off balances you owe to other banks through your UBL Credit Card on a low
balance transfer rate. Transferring your balances to your UBL Credit Card is simply a phone call away, just call
our 24-hour UBL Contact Center at 111-825-888. You can also fill in the Balance Transfer form included in
the Welcome Pack and mail it to the UBL Card Center address mentioned on it. Alternatively, you may simply
use the drop box facility available at all designated Card Payment Branches nationwide to forward your
application.
24 Hour Customer Service
By simply calling our 24 hour UBL Contact Center at 111-825-888 or logging onto our website
www.ubl.com.pk, you can avail the following facilities on your UBL Credit Card, 24 hours a day, 7 days a
week. Complete online access to your card account including credit card transactions and billing statements
Cash Advance
You can now withdraw cash through your UBL Credit Cards instant cash advance facility from any designated
UBL Card Payment Branches nationwide and more than 780,000 ATMs and financial institutions worldwide
displaying VISA/PLUS logo.
The service charges for cash advance will be applied from the day of the transaction. A cash advance fee will
also apply for each cash withdrawal.
Upto 4 Free Supplementary Cards
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To share the value, excitement and benefits of your UBL Credit Card with your loved ones, your UBL Credit
Card offers you up to 4 free supplementary cards.
For your convenience, both your own, and the supplementary card transactions will be clearly itemized in your
monthly statement. This will let you know at a glance how the spending took place and who spent how much,
hence making it easier to manage the spending on each of your cards. The more spending there is on your
supplementary cards, the more Free Road miles or Classic Reward points are earned on your account. Also,
the supplementary card holder benefits by earning instant and exciting UBL Chip Rewards on his/her own
card.
The limit on all supplementary cards can be controlled according to your instructions at the time of
application, or later by a simple phone call to UBLs 24-hour UBL Contact Center at 111-825-888.To apply for
a supplementary card now, please fill in the supplementary card application form and mail it to the UBL Card
Center. Alternatively, you may simply use the drop box facility available at all designated Card Payment
Branches nationwide to forward your application.
Buy today, pay later
Your UBL Credit Card gives you the financial flexibility to buy today and pay after a month at no extra charge.
You have the option of paying a minimum 5% of the outstanding balance or any other amount of your choice
up to your total account balance. A service charge of only 3.25% per month will apply to whatever remaining
unpaid balance that is carried forward.
Credit Guardian
UBL takes care of its Credit Card members payments in time when they cannot. Our Card members can now
get total peace of mind and insure themselves against unforeseen emergencies. In the event of any
temporary disability where UBL Cardmember is unable to pay his/her monthly dues, Credit Guardian will allow
payment of the outstanding monthly amount. Moreover, in the unfortunate event of permanent disability or
death, the entire outstanding amount will be waived off. Credit Guardian Facility is available for a minimal
fee, charged automatically on the card balance every month. Card members can opt for this facility by calling
our 24-hour UBL Contact Center at 111-825-888.
Free Travel Accident Insurance
Each time our Card members use their UBL Credit Card to purchase airline, train or bus tickets, they are
automatically covered against any sort of accident that might befall them while traveling
The coverage amounts are:
Classic Card: Up to Rs. 3.5 Million
Gold Card: Up to Rs. 7 Million
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Zero Loss Liability
Isnt it comforting to know that if you lose your card, you have nothing to worry about! You are covered for all
fraudulent charges made on your card as soon as it has been reported lost to us. So make sure that you
report the loss immediately upon discovery at UBLs 24 hour UBL Contact Center at 111-825-888. Rest
assured that with your UBL Credit Card, you are completely secure against loss and theft.
Take advantage of the special CIP Lounge at Karachi International Airport with free secretarial services, free
buffet, internet connection, reading material and 24 - Hour porter facilities. Just present your card at the
lounge and enjoy the privileged treatment you deserve.
For the monthly payment of your UBL Credit Card bill, you can simply use any of the following payment
channels:
SERVICES
UBL BETTER LIFE BANCASSURANCE
UBL WIZ
UBL NET BANKING
UBL E-STATEMENT
HAMRAH
UBL WALLET
CHARITY AND DONATION
UBL Wiz is Pakistans first ever Prepaid VISA Debit Card that provides the convenience, security and benefits
of an ATM and Debit Card, locally and internationally. More than just an ATM card, you can use your UBL Wiz
everywhere VISA cards are accepted. Whether you are using it online, paying for petrol, shopping or dining,
you are accessing money directly from your prepaid card, without having to visit the bank.
We are pleased to announce the launch of UBL Better Life Plans under the umbrella of Banc assurance, in
partnership with EFU LIFE Assurance Company in selected 100Branches.
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Banc assurance is the selling of insurance and banking products through the same channel, most commonly
through bank branches.
UBL Better Life plans are advanced insurance products specifically designed to benefit the customers,
providing the better and secured future to your family and loved ones.
UBL Better Life Child Education Plan provides a complete financial package for planning your childrens
education, by helping you create an endowment fund for this purpose in an organized and disciplined manner,
over a predetermined period. To put your son or daughter through college or university, this Plan is spot on!
UBL Better Life Marriage Plan provides a complete financial package for planning your son or daughters
marriage, by allowing you to accumulate an endowment funds for this purpose in an organized and disciplined
manner. Whether it is meant for your son or daughters marriage or to help them to start off a new life of
their own, this plan is spot on!
UBL Better Life Savings Plan is a high value savings and investment vehicle. Funds accumulated during the
savings term can be utilized for childrens higher education, marriage, buying a house, generating retirement
income or for any other purpose. The plan is flexible enough to respond to most individuals needs. It is a
unit-linked plan which aims to deliver a substantial sum of money at the end of the savings period. The
additional benefit of course comes in the form of life insurance cover.
Planning ones retirement is vital to ensure that a decent standard of living is maintained without being a
burden on anyone. UBL Better Life Retirement Plan allows financial independence after retirement.
Contributions to the plan are invested in accumulation units to build up substantial capital. At retirement, this
capital generates attractive pension payments after the age of 60, as well as a range of protection benefits
tailored to ones needs.
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Net banking is an Internet banking portal offering a simple, convenient and secure method of accessing bank
accounts on the Internet. It's never been so easy to access and manage your finances in a secure, real-time,
online environment; Anywhere, Anytime. Using net banking, the customers have access to their bank
accounts 24 hours a day, 7 days a week and can keep a close eye on their account balances, print account
statements, pay bills, transfer funds, track purchases and schedule their recurring payments at the touch of a
button and much more.
Are you fed up of filing your Statement of Accounts?
Do you want fast delivery of your Account Statements?
Do you want to be in constant touch with your account?
UBL brings a simple solution to all your problems by introducing the UBL e-statements facility. UBL is pleasedto announce the launch of the UBL e-statement facility which makes it easier for you to get your statement of
accounts and automated transactional debit/ credit alerts right into your inbox. Available for all Rupee and
Foreign Currency Account holders, you now do not have to wait for six months to receive a paper based
statement of your account any more. All you need to do is tell us the frequency of statements you require and
we will ensure that it reaches your inbox
:
you dont need to pay any additional cost in order to get benefit from this facility. UBL believes in providing
value-added service to customers and all you need to get started is your email address!
UBL e-statement provides you a highly convenient facility to receive your statement anytime and anywhere in
the world!
As an alternative to printed statements, UBL e-statements eradicate the hassle of paperwork, box filling and
the chance of having your unattended documentation read byothers.
UBL e-statement can be delivered to you in the following frequencies
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Whenever there is an activity in your account, an email shall be sent to you with the complete transaction
details.
You UBL e-statement shall be sent to you in an easy to read Adobe Acrobat format.
(Rupee Travelers Cheques)
has always been at the forefront in identifying and meeting the financial needs of its valued customers.
UBL was the pioneer in introducing Rupee Travelers Cheque facility in Pakistan, as early as 1971. In
continuation of the same tradition, UBL in the shape of Rupee Travelers Cheques enhances this
facility for the convenience of its valued customers by offering denominations up to Rs. 10,000
has been designed keeping in mind, both convenience and security - be it business, property,
trade or personal needs. Rupee Traveler Cheques are the ideal and safest way of carrying cash
when traveling anywhere in Pakistan. are now accepted at more than 2000 places such as
hotels, shops, real estate agents, jewelers, car dealers, etc and of course at all our UBL branches.
has a 24-Hours customer help-line, providing its customers with round the clock
tele-verification of travelers cheques.
With the power and international acceptance of VISA!
Your Wallet VISA ATM & Debit Card has all the convenience and security you desire and the quality you
deserve. This Wallet holds all the cash in your bank account.
UBL offers ATM and Debit Card facility to all account holders at all UBL branches anywhere in Pakistan,
regardless of whether their branch is online or offline.
UBL Wallet VISA also gives you the facility of having up to 9 supplementary cards issued against one primary
card. All supplementary cardholders will be able to conduct ATM/Debit transactions within the limits of the
primary card account.
UBL already has its own network of336 ATMsin 83 cities, which continues to expand by the day. Moreover,
UBL Wallet is now part of the 1 Link and VISA networks. These allow you to use your UBL Wallet VISA across
Pakistan at more than 925 ATMs displaying the 1 Link logo and at more than 1 Million ATMs in 150 countries.
It is also acceptable on the MNET network of ATMs in Pakistan. Your Wallet VISA Card will also be acceptable
on all local VISA certified machines displaying the VISA Plus sign.
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With UBL Wallet VISA as your debit card, you can shop all you want, eat all you can or fill up your car tank
without carrying any cash. Simply use your UBL Wallet VISA for direct debit from your bank account, along
with the convenience of using signature based verification instead of a PIN (Personal Identification Number).
The debit card facility is being offered in association with the Orix and VISA networks, which means that you
can use your UBL Wallet VISA to conduct a debit transaction at any outlet in Pakistan that displays the ORIX
or VISA logos.
The Orix network offers connectivity at more than 5,000 outlets across the country, whereas your UBL Wallet
VISA card is also acceptable at 22 million VISA merchant locations, local and international.
UBL Wallet VISA allows three kinds of instant funds transfer through UBL ATMs from your UBL account:
Into any of your UBL account.
Into any other UBL account.
Into any other participating 1 Link bank (through the newUBL Inter Bank Funds Transferfacility)
As a bank that has always upheld the spirit of giving to its stakeholders, its customers & its society, UBL is
now taking a step further and asking its valued customers to join hands with it & help strengthen its role as a
corporate citizen. The corporate social responsibility that UBL has can only be wholeheartedly served when its
valued customers come together with the bank in its contribution towards the betterment of society. The
listed below charity organizations have Donations/Zakat accounts with United Bank. You can easily send your
donations throughUBL Net banking or Click N Remit if you are an expatriate.
UBL Click n Bank
UBL Click n Remit
UBL TezRaftaar
UBL NRP Direct
Complete online registration
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Tired of filling out long and complicated forms?
With Click N Bank eNRP Account, you can now avoid cumbersome paperwork by simply registering online. It's
simple, easy and quick!
Once you open a Click N Bank eNRP Account, you can operate it like any other regular account. The PKR
account will be operable nationwide.
'Click N Bank' customers will be issued one Primary and Supplementary ATM Gold card - absolutely free. With
a UBL ATM/Debit Card you can withdraw money from any of the UBL ATMs or partner ATMs (1-Link Network)
in Pakistan providing you with easy access to cash.
To get a Check Book all you have to do is order online. Provide a notarized specimen of your signature and
the check book will be delivered at your door step.
With a 'Click N Bank' account you are directly linked to all the exciting features and benefits of UBL net
banking.
Monitor and manage your account with 24/7 access
Obtain real time account balance, statements and alerts
Send money to anyone in Pakistan using the PC-to-Person facility, either through the account-to
account transfer or get a TezRaaftar check delivered to the payee's doorstep within 48 hours.
Pay your mobile & utility bills online in Pakistan
Schedule recurring payments on weekly/monthly basis in Pakistan
These features and many more make this facility the first of its kind to be offered by any bank in
Pakistan
Get Personalized support directly from our branch in New York
Call our UBL New York branch @ ext 123 / 118
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With an initial minimum fee, you will be able to enjoy all the benefits of a regular account without any
botheration. These features and many more make this facility the first of its kind to be offered by any
Pakistani bank in Pakistan for its account holders from the US.
When you remit through UBL Click N Remit, you always have a greater sense of satisfaction that you are
dealing with United Bank Limited - the most trusted name in banking. Coupled with extensive reach and
unsurpassed reliability of United Bank's network, you enjoy service from
our New York branch. So why deal with anyone else?
Free Doorstep Remittances With-in the country or from abroad, UBL offers the most efficient and price
competitive service. With our large network of branches, we are poised to offer you service almost at your
door step.
UBL's new remittance service, TezRaftaar offers all overseas Pakistanis the fastest and the most convenient
delivery of their money to their beneficiaries in Pakistan. Best of all, TezRaftaar is completely cost free and is
available at all UBL branches along the Bank's Network in the Middle East, UK and US. Check out it's great
benefits
Fastest delivery to your given address in Pakistan
Doorstep delivery by authorized courier or credited to the recipient's account
Free of charge transfer service
Open to all including those who are not UBL account holders
United Bank brings to you a simple & convenient way to open, fund & operate a bank account in Pakistan.
NRP Direct is the first & only deposit account ever to be launched for Non-resident Pakistanis. Now feel at
home with your NRP Direct account!
UBL NRP Direct is a simple & convenient way to open, fund & operate a bank account in Pakistan, and it is the
first & only deposit account ever to be launched for Non-resident Pakistanis.
With UBL NRP Direct, you do not have to rush to arrange money when your family urgently needs it. You can
keep sending money into your NRP Direct account and your family can withdraw the amount whenever they
need. Now feel at home with your NRP Direct account!
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With NRP Direct no physical presence is required; you can be in the comfort of your home and still have a
bank account in your native hometown. Its easy, convenient and the first & only service of its kind ever to
be launched for Non-resident Pakistanis!
The first-of-its-kind service to be launched by any bank in Pakistan, the NRP Direct account can be operated it
like any other regular account. The PKR account will be operable anywhere in Pakistan.
NRP Direct customers will also be issued a primary and supplementary ATM card. With a UBL ATM card you
can withdraw money from any ATM in Pakistan for easy access to cash.
To get your chequebook, all you have to do is order download & mail us the chequebook requisition form and
the cheque book will be delivered at your doorstep.
Incase you have already chosen the cheque book option in the account opening form, and then you do not
need to order it separately.
FREE PREMIUM Internet banking for all NRP Direct account holders!
With your NRP Direct account you are directly linked to all the exciting features and benefits of Net
Banking- absolutely free. You can:
Monitor and manage your account with 24/7 access.
View real time balances, statements and receive alerts.
Send money to anyone in Pakistan using the PC-to-Person facility, either through the Account-to
Account transfer or get a TezRaaftar cheque delivered to the payees doorstep within 48 hours.
Instant funds transfer to any other UBL account.
Pay your mobile & utility bills online.
Schedule recurring payments on weekly/monthly basis.
Order your ATM card and set daily/monthly limits on it.
Send gifts to your loved ones in Pakistan from our partner sites and pay through net banking.
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Get personalized support from us anytime, write to us at [email protected] call us on +9221-111-
825-111/+9221-2446949 from 9am to 9pm Pakistan time.
With a minimum fee for the PKR account, you will be able to enjoy all the benefits of a regular account
without any inconvenience.
These features and many more make this facility the first-of-its kind to be offered by any bank in Pakistan.
Now feel at home with your NRP Direct account.
FINANCIAL ANALYSIS
ASSETS 2008 2007 2006 2005 2004
Cash and balances with treasury banks 50,069,965 57,526,451 48,939,840 34,074,786 23,844,435
Balances with other banks 7,497,174 4,191,128 14,034,476 12,717,100 17,699,334
Landings to financial institutions 22,805,341 24,781,723 29,572,070 17,867,552 16,262,504
Investments 116,328,288 115,585,646 67,260,338 63,026,944 54,953,728
Advances
Performing 361,863,689 293,373,007 243,237,819 201,152,095 141,767,569
Non-performing 9,275,986 5,981,729 4,072,074 3,658,375 4,481,615
371,139,675 299,354,736 247,309,893 204,810,470Operating Fixed assets 18,021,445 16,943,950 5,234,463 4,449,324 3,969,006
Taxation recoverable 906,661 45,728
Deferred tax asset - net 2,055,609 2,273,005 5,194,892
Other Assets 17,154,985 11,740,697 10,062,466 7,829,770 4,393,852
Total Assets 605,072,482 530,124,331 423,320,207 347,048,951 272,612,663
LIABILITIES
Bills payable 5,194,449 6,079,341 4,560,649 4,159,964 3,811,284
Borrowings from financial institutions 44,195,886 59,103,350 38,544,920 21,790,480 11,975,684
Deposits and other accounts 483,560,062 400,974,539 335,077,873 289,226,299 230,256,627
Subordinated loans 11,993,848 5,996,696 5,998,344 3,999,192 3,500,000
Liabilities against assets subject to finance lease - - - 288
Other liabilities 16,265,478 13,316,657 9,275,034 6,204,746 3,513,569
Deferred liabilities 2,232,344 2,191,180
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Total Liabilities 561,209,723 487,702,927 393,456,820 325,380,681 255,248,632
NET ASSETS 43,862,759 42,421,404 29,863,387 21,668,270 17,364,031
REPRESENTED BY:
Share capital 10,117,188 8,093,750 6,475,000 5,180,000 5,180,000
Reserves 15,501,513 10,261,958 8,298,873 6,225,461 5,915,928Un appropriated profit 16,604,076 15,653,703 12,429,853 7,350,813 3,274,439
42,222,777 34,009,411 27,203,726 18,756,274 14,370,367
Surplus on revaluation of assets 1,639,982 8,411,993 2,659,661 2,911,996 2,993,664
43,862,759 42,421,404 29,863,387 21,668,270 17,364,031
Total Liabilites and Equity 605,072,482 530,124,331 423,320,207 347,048,951 272,612,663
Particulars 2008 2007 2006 2005 2004
Mark-up / return / interest earned 52,253,361 41,045,543 32,991,603 20,158,860 9,233,881
Mark-up / return / interest expensed 24,117,702 16,936,187 12,126,809 6,045,948 1,732,760
Net Mark-up / interest Income 28,135,659 24,109,356 20,864,794 14,112,912 7,501,121
Provision against Loans and advances- Net (Excluding
impact on account of change in prudential regulations) 5,879,185 1,689,467 1,972,936 1,277,002 435,414
(Reversal) / additional Provisioning arising on
account of change in Prudential Regulations (1,369,229) 3,803,759
Provision against Loans and advances- Total 4,509,956 5,493,226 1,972,936 1,277,002 435,414
Provision for / (reversal of ) diminution in value of investment-net 2,219,815 (6,303) 74,573 112,666 (100,381)
Bad Debts written off directly 1,367,514 935,123 269,349 38,140 3,841
8,097,285 6,422,046 2,316,858 1,427,808 338,874
Net Mark-up / return / interest income after provisions 20,038,374 17,687,310 18,547,936 12,685,104 7,162,247
Non Mark-up Interest Income
Fee, Commission and brokerage income 6,304,927 5,165,066 3,876,799 2,543,739 1,654,475
Dividend income 587,989 548,782 837,338 202,343 1,102,510
Income from dealing in foreign currencies 1,819,250 827,328 659,726 675,109 668,085
Gain on sale of securities 254,046 849,367 280,864 382,419 -
Unrealized loss on revaluation of investments classified as held for trading (19,547) (15,755) (3,335) (780) -
Other Income 1,454,729 1,617,564 1,296,996 1,210,202 981,154
Total Non Mark-up / return / Interest Income 10,401,394 8,992,352 6,948,388 5,013,032 4,406,224
TOTAL INCOME 30,439,768 26,679,662 25,496,324 17,698,136 11,568,471
Non Mark-up / Interest Expenses
Administrative Expenses 15,519,634 13,420,977 10,952,275 7,874,013 6,702,709
Other Provisions / write offs -net 450,390 236,281 226,313 335,409 (34,422)
Workers welfare fund 336,999
Other Charges 258,321 17,430 25,980 7,066 10,456
Total Non Mark-up / interest Expenses 16,565,344 13,674,688 11,204,568 8,216,488 6,678,743
Profit Before Taxation 13,874,424 13,004,974 14,291,756 9,481,648 4,889,728
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Taxation- Current 6,090,351 5,075,600 3,412,791 498,748 283,083
Prior Year 435,072 442,066 45,225 78,614 285,201
Deferred (984,119) (915,283) 1,365,508 2,955,254 619,900
5,541,304 4,602,383 4,823,524 3,532,616 1,188,184
Profit After Taxation 8,333,120 8,402,591 9,468,232 5,949,032 3,701,544
Un appropriated Profit brought Forward 15,653,703 12,429,853 7350813 3274439 1384490
23,986,823 20,832,444 16,819,045 9,223,471 5,086,034
Transfer from surplus on revaluation of fixed assets-net of tax 253018 63028 94454 94148 94214
Profit Available for appropriation 24,239,841 20,895,472 16,913,499 9,317,619 5,180,248
4.3 HORIZONTAL ANALYSIS
A procedure in fundamental analysis in which an analyst compares
ratios or line items in a company's financial statements over a certain period of time.
The analyst will use his or her discretion when choosing a particular timeline;
however, the decision is often based on the investing time horizon under
consideration.
For example, when you hear someone saying that revenues increased
by 10% this past quarter, that person is using horizontal analysis. Horizontal analysis
can be used on any item in a company's financials (from revenues to earnings per
share), and is useful when comparing the performance of various companies. Time
series analysis of financial statements covering more than one accounting period; also
called Trend Analysis. It looks at the percentage change in an account over time. The
percentage change equals the change over the prior year. This helps us identify trends
from the financial statements. Once a trend is spotted it can be dug deeper and
investigate why the change occurred.
The formula to calculate the horizontal analysis is:
= Current year value/Base year value) x100
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ASSETS 2008 2007 2006 2005 2004
Cash and balances with treasury banks 210 241 205 143 100
Balances with other banks 42 24 79 72 100
Lendings to financial institutions 140 152 182 110 100
Investments 212 210 122 115 100
Advances
Performing 255 207 172 142 100
Non-performing 207 133 91 82 100
Operating Fixed assets 454 427 132 112 100
Taxation recoverable - - 1,983 - 100
Deferred tax asset - net 40 - - 44 100
Other Assets 390 267 229 178 100
Total Assets 222 194 155 127 100
LIABILITIES
Bills payable 136 160 120 109 100
Borrowings from financial institutions 369 494 322 182 100
Deposits and other accounts 210 174 146 126 100
Subordinated loans 343 171 171 114 100Liabilities against assets subject to financelease - 100
Other liabilities 463 379 264 177 100
Deferred liabilities - 102 - 100
Total Liabilities 220 191 154 127 100.00
NET ASSETS 253 244 172 125 100.00
REPRESENTED BY:
Share capital 195 156 125 100 100
Reserves 262 173 140 105 100
Un appropriated profit 507 478 380 224 100
294 237 189 131 100
Surplus on revaluation of assets 55 281 89 97 100
253 244 172 125 100Total Liabilities and Equity 222 194 155 127 100
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COMMENTS:
There is considerable increase over the years in cash, balance / lending to
other banks / financial institutions, from 143 to 210, from 110 to 140
Balances with other banks have been decreased from 72 to 42.
Investment in fixed assets increased over the five years gradually which is a
positive sign for future returns 115 to 212.
Like increasing of assets bank also getting advantage in short term financing
in forms of bills payable, credits terms and borrowing from other banks which
are increased from 109 to 136 from 2005 to 2008 ( bills payable). This is a
good sign as long as bank payoff in time.
Net Assets has been increased almost double from 125 to 253.
Share Holder Equity increased from 131 to 294 from 2005 to 2008
respectively due to issuance of bonus shares and not issuing dividends.
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HORIZENTAL ANALYSIS OF (Profit & Loss Accounts) UBL
Particulars 2008 2007 200 2005 2004
Mark-up / return / interest expensed 1,392 977 700 349 100
Net Mark-up / interest Income 375 321 278 188 100
Provision against Loans and advances- Net (Excluding
impact on account of change in prudential regulations) 1,350 388 453 293 100
(Reversal) / additional Provisioning arising on
account of change in Prudential Regulations
Provision against Loans and advances- Total 1,036 1,262 453 293 100
Provision for / (reversal of ) diminution in value of investment-net (2,211) 6 (74) (112) 100
Bad Debts written off directly 35,603 24,346 7,012 993 100
2,389 1,895 684 421 100
Net Mark-up / return / interest income after provisions 280 247 259 177 100
Non Mark-up Interest Income
Fee, Commission and brokerage income 381 312 234 154 100
Dividend income 53 50 76 18 100
Income from dealing in foreign currencies 272 124 99 101 100
Gain on sale of securities
Unrealized loss on revaluation of investments classified as held for trading
Other Income 148 165 132 123 100
Total Non Mark-up / return / Interest Income 236 204 158 114 100
Total Income 263 231 220 153 100
Non Mark-up / Interest ExpensesAdministrative Expenses 232 200 163 117 100
Other Provisions / write offs net (1,308) (686) (657) (974) 100
Workers welfare fund
Other Charges 2,471 167 248 68
Total Non Mark-up / interest Expenses 248 205 168 123
Profit Before Taxation 284 266 292 194 100
Taxation- Current 2,151 1,793 1,206 176
Prior Year 153 155 16 28 100
Deferred (159) (148) 220 477 100
Total 466 387 406 297 100
Profit After Taxation 225 227 256 161 -
Un appropriated Profit brought Forward 1,131 898 531 237 100
308 410 331 181 100
Transfer from surplus on revaluation of fixed assets-net of tax 269 67 100 100 100
Profit Available for appropriation 307 403 326 180 100
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COMMENTS:
Net Markup income the core part of banking revenue has been increasing very
fast and it is noted 188 to 375. Net Non Markup Income also increased from114 to 236 as total income increased from 153 to 263 which also show the
increase in profit.
Profit available appropriation increased for year from 2004 to 2008 from 180
to 307.
When look into the taxation, the ratio increases and reached at 466 from 296
since 2004 to 2008.
Profit after taxation also increased from 161 to 225 which shows the good andsufficient for further progress.
An increase in administrative expanses from 117 to 232 shows that bank is
growing and expanding its network and also giving more facilities to its
employees.
Provision against advances are too big because of large advances from 293 to
1350 from 2004 to 2008.
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4.4 VERTICAL ANALYSIS
A method of financial statement analysis in which each entry for each
of the three major categories of accounts (assets, liabilities and equities) in a balance
sheet is represented as a proportion of the total account. The main advantages
of analyzing a balance sheet in this manner are that the balance sheets of businesses of
all sizes can easily be compared. It also makes it easy to see relative annual changes
in one business.
For example, suppose XYZ Corp. has three assets: cash and cash equivalents (worth
$3 million), inventory (worth $8 million) and property (worth $9 million). If vertical
analysis is used, the asset column will look like
Cash and cash equivalents: 15%
Inventory: 40%
Property: 45%
This method of analysis contrasts with horizontal analysis, which uses
one year's worth of entries as a baseline while every other year represents differences
in terms of changes to that baseline.
VERTICAL ANALYSIS (BALANCE SHEET UBL)
VERTICAL ANALYSIS B.SHEET
ASSET
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