Union Bank
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:''This article is about the bank in Pakistan. For other similarly named banks, see [[Industrial and Commercial Bank of China (Asia)|Union Bank of Hong Kong]], [[Union Bank of California]],[[Union Bank of India]] and the Harriman-Bush [[Union Banking Corporation]].''
{{Infobox Defunct Company
| company_name = United Bank
| company_logo = [[Image:Union bank pakistan.JPG]]
| company_type = [[Private company|Private]]
| company_slogan =
| foundation = [[1991]]
| defunct = [[2006]]
| fate = Acquired by [[Standard Chartered]]
| location = Principal Office <br> [[Karachi]], [[Pakistan]] {{flagicon|PAK}}
| key_people =
| industry = [[Banking]]<br />[[Global Markets]]
| products = Loans, [[Credit Card]]s, Savings, Consumer Banking etc.
| revenue = [[image:green up.png]] [[PKR]]
| num_employees =
| homepage =
}}
'''Union Bank''' was established in [[1991]] and had its headquarters in [[Karachi]], [[Sindh]], [[Pakistan]]. Prior to the merger with Standard Chartered Bank (see below), it was Pakistan's eighth largest bank and had 65 branches in some 22 cities, about US$2 billion in assets, and about 400,000 customers.
In [[2006]], [[Standard Chartered Bank]] acquired 81% of Union Bank's shares for US$413 million. Under Pakistani law, it had to delist Union Bank and make an offer for the outstanding shares; the offer raised the total purchase price to about US$511. On [[30 December]] [[2006]], Standard Chartered merged Union Bank with its own subsidiary in Pakistan, which has 46 branches in 10 cities. The merged bank is named [[Standard Chartered Bank (Pakistan)]] and is now Pakistan's sixth largest bank.
== History ==
In 2000, Union Bank acquired [[Bank of America]]'s operations in Pakistan. Then in July 2001, Union Bank signed an Independent Operator agreement for American Express Cards in Pakistan. As a result, Union Bank now issues, operates and markets American Express cards in Pakistan. The Bank is also in the business of acquiring merchants accepting [[VISA]], [[MasterCard]], [[American Express]] and JCB cards. In 2002, Union Bank acquired the operations in Pakistan of [[Emirates Bank International]]. This purchase helped Union Bank become one of the larger private banks in the country.
== Services ==
* Personal Finance
* Commercial Finance
* Credit Cards
* Home Finance
* Car & Motorcycle Finance
* Business Finance
== Branches ==
The bank had branches in [[Faisalabad]], [[Multan]], [[Gujrat]], [[Peshawar]], [[Gujranwala]], [[Quetta]], [[Hyderabad, Pakistan|Hyderabad]], [[Rahim Yar Khan]], [[Islamabad]], [[Raiwind]], [[Jhelum (city)|Jhelum]], [[Rawalpindi]], [[Karachi]], [[Sahiwal]], [[Lahore]], [[Sargodha]], [[Mardan]], [[Sialkot]], [[Mirpur]], [[Swat]], and [[Vehari]].
== Board of Directors ==
* Mr. Shaukat Tarin (CEO, President)
* Dr. Abdullah Mohammad Abdullah Basodan
* Dr. Najeeb Samiel
* Mr. Salman Masud
* Mr. Mustapha Amir Chinoy
* Mr. Nazir-ul-Kabir
* Mr. Zaheer Sajjad
* Mr. Justice (Retd) Khalil-ur-Rehman Khan
{{asia-bank-stub}}
[[Category:Defunct banks]]
[[Category:Banks of Pakistan]]
[[Category:Standard Chartered]]