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United Bank
3.6
based on 23 Reviews
Company Overview
Company Locations
Working at United Bank
Company Summary
United Bank limited provides commercial banking services in Pakistan, with extensive branch networks and a commitment to financial solutions.
Overall Rating
3.6/5
based on 23 reviews
5% below
industry average
Critically rated for
Promotions, Job security, Skill development
Work Policy
Monday to Saturday
45% employees reported
Strict timing
71% employees reported
No travel
35% employees reported
Day shift
100% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
4 employees reported
Job/Soft skill training
3 employees reported
Professional degree assistance
1 employee reported
Office cab/shuttle
1 employee reported
View all benefits
About United Bank
Founded in1959 (66 yrs old)
India Employee Count--
Global Employee Count10k-50k
HeadquartersKarachi, Pakistan
Office Locations
--
Websiteubldigital.com
Primary Industry
Other Industries
--
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United Bank Limited (UBL) is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. The bank's registered office and principal office are situated at UBL Building, Jinnah Avenue, Blue Area, Islamabad, and State Life Building No.1, I. I Chundrigar Road, Karachi respectively. UBL operates 1,350+ (as of July 31, 2016) branches inside Pakistan including 22 (December 31, 2013: 22) Islamic Banking branches and 1 (December 31, 2013:1) branch in Karachi Export Processing Zone. The Bank also operates 18 (December 31, 2013:18) branches outside Pakistan as at March 31, 2014. The Bank is a subsidiary of Bestway (Holdings) Limited which is incorporated in the United Kingdom. The Bank's ordinary shares are listed on all three stock exchanges in Pakistan. Its Global Depository Receipts (GDRs) are on the list of the UK Listing Authority and the London Stock Exchange Professional Securities Market. These GDRs are also eligible for trading on the International Order Book System of the London Stock Exchange. Further, the GDRs constitute an offering in the United States only to qualified institutional buyers in reliance on Rule 144A under the US Securities Act of 1933 and an offering outside the United States in reliance on Regulation.
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United Bank Ratings
based on 23 reviews
Overall Rating
3.6/5
How AmbitionBox ratings work?
5
10
4
5
3
2
2
2
1
4
Category Ratings
3.4
Work satisfaction
3.3
Company culture
3.3
Salary
3.3
Work-life balance
3.3
Skill development
3.0
Job security
2.9
Promotions
United Bank is rated 3.6 out of 5 stars on AmbitionBox, based on 23 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
United Bank Reviews
Top mentions in United Bank Reviews
Compare United Bank with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.6/5 based on 23 reviews | 3.9/5 based on 6.5k reviews | 4.0/5 based on 6.2k reviews  | 4.0/5 based on 9.4k reviews |
Highly Rated for |  No highly rated category | Work-life balance Job security | Job security Skill development Salary | Salary Skill development Job security |
Critically Rated for | Promotions Job security Skill development | Promotions | Promotions |  No critically rated category |
Primary Work Policy | - | Hybrid 84% employees reported | Hybrid 64% employees reported | Work from office 78% employees reported |
Rating by Women Employees | - no rating available | 4.0 Good rated by 2k women | 3.9 Good rated by 2.1k women | 3.8 Good rated by 810 women |
Rating by Men Employees | - no rating available | 3.8 Good rated by 4.2k men | 4.0 Good rated by 3.7k men | 4.0 Good rated by 8.1k men |
Job security | 3.0 Average | 3.9 Good | 4.1 Good | 3.8 Good |
View more
United Bank Salaries
United Bank salaries have received with an average score of 3.3 out of 5 by 23 employees.
Probationary Officer
(2 salaries)
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₹2.8 L/yr - ₹3.5 L/yr
Program Coordinator
(2 salaries)
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₹2.7 L/yr - ₹3.5 L/yr
Relationship Manager
(2 salaries)
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₹5.9 L/yr - ₹7.5 L/yr
Branch Manager
(2 salaries)
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₹0.7 L/yr - ₹0.9 L/yr
Operations Manager
(2 salaries)
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₹0.2 L/yr - ₹0.3 L/yr
Credit Administration Manager
(2 salaries)
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₹4.3 L/yr - ₹5.5 L/yr
Strategy Analyst
(2 salaries)
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₹40.5 L/yr - ₹51.8 L/yr
Network Engineer
(1 salaries)
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₹0.9 L/yr - ₹1.2 L/yr
Compliance Manager
(1 salaries)
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₹57 L/yr - ₹63 L/yr
Chief Manager
(1 salaries)
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₹11.7 L/yr - ₹15 L/yr
United Bank News
View all
Shareholders Approve Silkbank-UBL Merger, Awaiting Final Approval
- The merger between Silkbank Limited and United Bank Limited (UBL) has been legally accepted by the shareholders of both banks under the Scheme of Amalgamation.
- The merger is now pending regulatory clearances from the State Bank of Pakistan (SBP) and the Competition Commission of Pakistan (CCP).
- The approval was obtained during Tuesday's Extraordinary General Meeting (EGM) in Islamabad.
- After making necessary adjustments according to SBP's standards, the resolution allows Silkbank to merge into UBL.
TechJuice | 18 Feb, 2025
Askari Bank appoints Zia Ijaz as President, CEO for 3-year term
- Askari Bank Limited has appointed Zia Ijaz as President and Chief Executive Officer (CEO) for a three-year term.
- The appointment is subject to clearance of Fit and Proper Test (FPT) by the State Bank of Pakistan.
- Zia Ijaz previously served as Deputy CEO of United Bank Limited (UBL) and held various leading roles at Allied Bank (ABL).
- Saleem Anwar will continue as Acting President & CEO until Zia Ijaz assumes office.
Mettisglobal | 24 Jan, 2025
UBL Converts KP and Balochistan Branches to Full Islamic Banking System
- United Bank Limited (UBL) has successfully converted all its branches in Balochistan and Khyber Pakhtunkhwa to Islamic banking branches.
- This conversion is a result of the new law mandating all financial institutions in Pakistan to adhere to Shariah law by 2027.
- As of 2023, Islamic banking assets in Pakistan have reached Rs. 7.2 trillion, with deposits increasing to 5.8 trillion rupees.
- SBP's Transformation Plan (2023–2027) aims to provide incentives and technical assistance to facilitate the transition of all banks to Islamic banking.
TechJuice | 15 Jan, 2025
Top Contributors to PSX’s 84% Surge in 2024
- The Pakistan Stock Exchange (PSX) witnessed an 84% surge in 2024, with the KSE-100 index gaining 52,676 points.
- The growth was primarily driven by the banking, fertilizer, and E&P sectors.
- Banks contributed 13,847 points, while fertilizers and E&P sectors added 11,169 points and 10,012 points, respectively.
- Key contributors to the surge were Fauji Fertilizer Company (6,086 points), Mari Petroleum Company Limited (3,977 points), United Bank Limited (3,957 points), and Oil & Gas Development Company Limited (2,613 points).
TechJuice | 5 Jan, 2025
Pakistan Receives $300M Loan from UBL
- The government of Pakistan has secured a $300 million loan from United Bank Ltd (UBL) to meet the growing financial needs required to repay external debt.
- UBL's branches in the UAE and Bahrain arranged and funded the $300 million short-term loan for the Pakistani government.
- UBL, with over $2.4 billion in foreign assets, is among the leading Pakistani banks with a global reach.
- The loan transaction supports Pakistan's external financing needs and its commitments to the IMF.
TechJuice | 31 Dec, 2024
Egypt Ends Bank IPO Dearth
- Egypt achieves historic milestone with IPO of United Bank on the Egyptian Exchange (EGX).
- United Bank offered a 30% stake, generating demand exceeding 8.6 times the offered shares.
- The IPO aligns with Egypt's reform agenda to deepen its capital markets and attract private-sector investment.
- The overwhelming demand showcases investor confidence in Egypt's economic potential.
Global Finance Magazine | 27 Dec, 2024
Hossam Heiba, CEO of Egypt’s Investment Authority, On Economic Reforms And A Growing Private Sector
- According to Hossam Heiba, CEO of the General Authority for Investment and Free Zones in Egypt, Egyptian investors are the top investors in Saudi Arabia, with about $20 billion USD.
- Egypt has undergone major economic reforms since 2016, focusing on a paradigm shift in investment philosophy, transparent tax systems, and digitizing processes.
- Egypt is actively engaged in privatization and IPOs, aiming to involve the private sector in sectors such as logistics, tourism, petrochemicals, and telecommunications.
- Partnerships in the banking sector are being sought, with plans to sell stakes in Alex Bank and United Bank, and offers for strategic partnerships with Banque du Caire.
Global Finance Magazine | 12 Dec, 2024
UBL and Silk Bank to Finalize Merger Through Share Swap
- United Bank Limited (UBL) has announced the approval of its merger with Silk Bank Limited (SILK).
- The merger will be carried out through a share swap arrangement.
- UBL's Board of Directors has given its approval for the merger agreement and other necessary documents.
- The merger is subject to the sanction of the State Bank of Pakistan and the approval of UBL shareholders in an Extraordinary General Meeting (EOGM).
TechJuice | 3 Dec, 2024
Silkbank Receives Board Approval for Merger with UBL
- Silkbank has received board approval for a potential merger with United Bank Limited (UBL).
- The merger would be approved by the State Bank of Pakistan under the Banking Companies Ordinance.
- External experts will evaluate UBL's offer and provide recommendations to the board.
- The merger is subject to finalizing deal terms, obtaining approvals, and authorizations.
TechJuice | 6 Nov, 2024
UBL Proposes Merger with Silkbank
- United Bank Limited (UBL) has proposed a merger with Silkbank Limited.
- UBL plans to distribute new UBL shares to Silkbank shareholders, with a ratio of one new UBL share for every 325 Silkbank ordinary shares.
- The proposed merger is subject to all necessary approvals and consents from regulatory authorities and stakeholders.
- UBL will provide updates to the stock exchange regarding any significant developments in this matter.
TechJuice | 1 Nov, 2024
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United Bank FAQs
When was United Bank founded?
United Bank was founded in 1959. The company has been operating for 66 years primarily in the Financial Services sector.
Where is the United Bank headquarters located?
United Bank is headquartered in Karachi.
Does United Bank have good work-life balance?
United Bank has a work-life balance rating of 3.3 out of 5 based on 20+ employee reviews on AmbitionBox. 35% employees rated United Bank 3 or below, while 65% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read United Bank reviews for more details
Is United Bank good for career growth?
Career growth at United Bank is rated as poor, with a promotions and appraisal rating of 2.9. 35% employees rated United Bank 3 or below on promotions/appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading United Bank reviews for more detailed insights.
What are the cons of working in United Bank?
Working at United Bank does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, job security and work life balance, based on 20+ employee reviews on AmbitionBox.
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