Banks management and employees liaison vital for growth

Banking sector officials have been urged to work hard to meet the growth challenges as the profitability of the lenders has decreased remarkably in 2012 in the wake of consistent decrease in the key rates by the central bank.

United Bank Limited (UBL) Human Resource Head Jamal Nasir stated this while addressing a signing ceremony of “Settlement of 4th Charter of Demand” between the UBL management and Employees Workmen Union of Punjab, Islamabad and KP (CBA).

The UBL management and Employees & Workman Union (CBA) Punjab, Islamabad and Khyber Pakhtunkhwa signed the CoD here Friday in the presence the staff members from these regions here at a local hotel.

Jamal Nasir said that the reduction in key rates has affected the profitability of the banking sector compared to the previous years, therefore everyone attached to the industry from top to the bottom have to put extra efforts for the progress of the industry.

He, however, praised the UBL employees’ hard work and labour as the bank reported a huge profit of Rs 18 billion in 202. He said it was due to the excellent performance of the workers that enabled the bank to earn the hefty profit. He hoped that the employees would further work hard like the past for the growth of the bank.

On the occasion, Employees & Workmen Union general secretary Wasif Dar said that the UBL employees were fortunate that they have workers-friendly management, which never neglected the bank employees.

He stated that after the privitisation of the major banks, employees of MCB Bank, Allied Bank and Habib Bank Limited were exploited. As a result the employees of these banks were living the worse days of life. On the contrary, he praised the employees of UBL have never been deprived of their legitimate rights. He said the UBL management always remained ready to solve their problem on priority basis, adding that the UBL management is no less than a gift of God for the staff.

Wasif urged the bank employees to put their maximum efforts for the growth and development of the bank.

He said with the mutual understanding between the UBL management and employees’ union, the clerical and non- clerical staff’s minimum salary has been raised by Rs 5500 and various allowances, including conveyance allowances, education allowances, drivers allowances, raise in number of staff Hajj allocation, motorcycle loan and other allowances were increased in accordance with the rising inflation.

Head ERD Minhas Warasat, GM Jodat Hussain, CHS Bou Ali Shah, CHS North Tahir Sajjad, RBH Iftikhat Hameed, Ahmad Numan Khan, RBH Shahbaz Nazar and trade union leadership including Wasif Dar, Iftikhar Khan Popa, Babar Butt from Lahore, Kursheed Warriach from Gujranwala, Hafeez Bhatti, Zafar Kaloo from Sarghoda, Riaz Abbotabad, Arshad Faizi from Bahawalpur and Mazhar Husnain Shah Allah Dita, Asghar (Islamabd), Zahid Ullah Peshawar, Nasrullah Mardan, Sanaullah (DIK) were present on the occasion of signing of chartered of demand.