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United Bank Limited (UBL), one of Pakistan’s largest banks in the private sector, has been adjudged as Pakistan’s Best Bank 2016 at the first Pakistan banking awards in Karachi.
This award recognises that UBL has demonstrated the most significant contribution to national development and the most effective management of its resources including its employees, clients, franchise, community and financials.
The awards were held under the auspices of the Institute of Bankers Pakistan (IBP), DAWN and A F Ferguson and Company.
Ashraf Mahmood Wathra, governor of the State Bank of Pakistan (SBP), was the chief guest on the occasion.
The awards were adjudged by a five-member jury of experts comprising Syed Salim Raza, former SBP governor and former chief executive of Pakistan Business Council; Fuad Azim Hashimi, chief executive of Pakistan Institute of Corporate Governance; Nargis Ghaloo, chairperson of State Life Insurance Corporation; Azhar Hamid, former banking mohtasib, former member Board of Directors of SBP and former Country Head of Standard Chartered Pakistan; and Shehzad Naqvi, former Country Head of ABN AMRO and Citibank in Pakistan and Singapore.
“I am proud and honoured that UBL has been declared the best bank at the country’s first banking awards. UBL has been a leading financial institution for the last 57 years. During this period, it has come to be acknowledged as a progressive and innovative bank. These two identities of the bank have seen it contribute greatly towards financial inclusion and economic development of Pakistan,” according to Wajahat Husain, president and chief executive of UBL.
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