Project Gul UBL

7/30/2019 Project Gul UBL

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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

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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

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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).


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


Repayment in installments (Principal with markup).

Repayment mode monthly, quarterly and half yearly

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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


Repayment in installments (Principal with markup).

Repayment mode monthly, quarterly and half yearly


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.


Monthly / Quarterly repayment mode for Dairy Farmers

Monthly / Quarterly / Half Yearly repayment mode for Meat Farmers


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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Monthly / Quarterly repayment mode for all loans


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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