After 10 years at the helm, Atif R Bokhari has resigned. PHOTO: FILE
After 10 years at the helm, Atif R Bokhari has resigned from the posts of United Bank Limited (UBL) president and chief executive officer.
During this period, the bank made strides to create the financial powerhouse that it is today; assets grew from Rs225 billion to Rs1,084 billion, deposits from Rs199 billion to Rs828 billion and the resulting profit before tax from Rs4.5 billion to Rs28.9 billion.
UBL also established new businesses of insurance, Islamic banking, a banking subsidiary in Tanzania, acquisition of Khushali Bank and launching of branchless banking business that is one of the most recognised in the world.
UBL Fund Managers during this period also grew into
the largest private asset management company in Pakistan.
Published in The Express Tribune, April 19th, 2014.
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It's seems drastic top level changes within banks in Pakistan ..... FABL president resign than UBL's ....