The State Bank of Pakistan (SBP) has recently taken disciplinary action against United Bank Limited (UBL) for violating various regulatory provisions.
United Bank Limited (UBL) has reported the highest-ever quarterly profit in the first quarter of 2023, with consolidated earnings of Rs11.62 per share, up 53 percent year on year and 9 percent quarter on quarter.
KARACHI: United Bank Limited (UBL) on Wednesday declared Rs32.06 billion as profit after tax for the year ended December 31, 2022.
ISLAMABAD: A Pakistani commercial bank has been penalized by the country’s president for filing frivolous representation.
KARACHI: United Bank Limited (UBL) has posted 18 per cent decline in net profit to Rs18.76 billion for the nine months period ended September 30, 2022. The profit after tax of the bank was Rs22.76 billion in the same months of the last year, according to financial results of the bank submitted to the Pakistan […]
KARACHI: United Bank Limited (UBL), the leading bank of Pakistan, on Wednesday declared 21 per cent fall in it after tax profit for the hear year ended June 30, 2022. According to unconsolidated financial results submitted to Pakistan Stock Exchange (PSX), the bank declared Rs11.86 billion profit after tax for the half year ended June […]
KARACHI: Pakistani banks operating in Sri Lanka will have adverse effect on their books due to declaration of Sri Lanka for failure to repay its foreign debt. In a recent development, Sri Lanka announced that it would be defaulting on its external obligations due to dwindling foreign exchange reserves. Sri Lanka’s total external debt currently […]
KARACHI: United Bank Limited (UBL) on Wednesday posted Rs30.62 billion profit after tax for the year ended December 31, 2021, according to financial results submitted to Pakistan Stock Exchange (PSX) The bank registered 47 per cent growth in profit after tax for the year under review as compared with Rs20.78 billion in the preceding year. […]
KARACHI: United Bank Limited (UBL) has been granted regulatory approval to commence due diligence (DD) of Telenor Microfinance Bank Limited. In a communication shared with the Pakistan Stock Exchange (PSX) on Tuesday, UBL said that the State Bank of Pakistan (SBP) had granted in-principle approval to UBL to commence the due diligence of Telenor Microfinance […]
ISLAMABAD: Pakistani Telecom Company, Ufone has secured its largest syndicated financing facility jointly led by MCB Bank Limited (MCB) (Agent bank), Allied Bank Limited (ABL), Bank of Punjab (BoP), National Bank of Pakistan (NBP), and United Bank Limited (UBL) to fund the acquisition and rollout of its 4G services across Pakistan. President and Group CEO, […]