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Agha Hasan Abedi founded the bank in 1959. In 1971 the Government of Pakistan nationalized the bank. In 2002, the Government of Pakistan sold it in an open auction to a consortium of Abu Dhabi Group and Bestway Group.
In 2002 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 owning the remainder.
Atif Riaz Bokhari, President & CEO of UBL was brought by President General Musharraf from Bank of America. Atif is younger brother of General Asif Riaz Bukhari, a commando who is a close friend of General Musharraf.
| Headquarters | Karachi, Pakistan  |
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|---|---|---|
| Key people | His Highness Shaikh Nahayan Mabarak Al Nahayan, Chairman Sir Mohammed Anwar Pervez OBE, Deputy Chairman Agha Hasan Abedi, Founder Atif Riaz Bokhari, President & CEO of UBL |
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| Products | Commercial Banking, Private Banking, Asset Management | |
| Revenue | ▲PKR 41.962 bn 2007 | |
| Net income | ▲PKR 9.237 bn 2007 |
United Bank Limited (UBL) is one of the largest commercial in Pakistan.
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