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In 2022, UBL posts its highest profit ever.

In the calendar year 2022, United Bank Limited’s (UBL) profit soared to an all-time high of Rs. 32 billion (CY22).

According to a study by Arif Habib Limited, the increase in overall earnings was mostly brought about by higher net interest income and non-funded income.

The bank registered a growth of 4.51 percent when compared to Rs. 30.62 billion last year, according to the consolidated financial figures.

The bank’s foreign exchange earnings increased 107 percent to Rs. 8.5 billion from Rs. 4.1 billion the year before. The bank’s interest-earned income increased for the year, going from Rs. 152.761 billion to Rs. 257.829 billion. Moreover, the interest costs increased from Rs. 78.025 billion to Rs. 150.086 billion from the previous year.

When compared to the Rs. 43 billion recorded in CY21, the bank’s expenses reached their highest level of Rs. 53 billion in 2022.

In addition to the Rs. 13 already given to the bank’s shareholders, the board of directors approved a cash dividend of Rs. 9 per share

In comparison to the prior year, UBL paid higher taxes during the period under review, totaling Rs. 36.374 billion versus Rs. 21.474 billion.

The bank’s earnings per share (EPS) were reported at Rs. 25.76, up from Rs. 24.84 per share the previous year.

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