UBL Archives - Page 3 of 5

United Bank to Establish Exchange Company and Sell Stakes in UNBL UK

September 12, 2023September 12, 2023Faisal Shahnawaz

Karachi, September 12, 2023 – In a strategic move, the board of directors at United Bank Limited (UBL) has given their unanimous approval to establish an exchange company and sell shares in United National Bank Limited UK (UNBL UK).

President Alvi Directs UBL to Refund Defrauded Amount and Address Online Fraud Concerns

August 4, 2023August 4, 2023Mrs. Anjum Shahnawaz

Islamabad, August 4, 2023 – President Dr. Arif Alvi has taken a significant step to protect banking customers and combat online fraud in Pakistan.

UBL Reports Over Fourfold Surge in Quarterly Net Profit

July 19, 2023July 19, 2023Hamza Shahnawaz

Karachi, July 19, 2023 – United Bank Limited (UBL), one of Pakistan’s largest banks, has witnessed a remarkable over fourfold surge in net profit for the quarter ending June 30, 2023.

SBP slaps monetary penalty on United Bank for regulatory violations

May 2, 2023May 2, 2023Faisal Shahnawaz

The State Bank of Pakistan (SBP) has recently taken disciplinary action against United Bank Limited (UBL) for violating various regulatory provisions.

United Bank posts highest-ever quarterly profit in 1QCY23

April 28, 2023April 28, 2023Faisal Shahnawaz

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.

UBL declares over Rs32 billion profit after tax for CY22

February 22, 2023February 22, 2023Hamza Shahnawaz

KARACHI: United Bank Limited (UBL) on Wednesday declared Rs32.06 billion as profit after tax for the year ended December 31, 2022.

Pakistani bank penalized for frivolous litigation

January 9, 2023January 9, 2023Mrs. Anjum Shahnawaz

ISLAMABAD: A Pakistani commercial bank has been penalized by the country’s president for filing frivolous representation.

UBL announces 18% decline in net profit on huge tax payment

October 20, 2022October 20, 2022Faisal Shahnawaz

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 […]

UBL declares 21% decline in half year net profit

August 3, 2022August 3, 2022Hamza Shahnawaz

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 […]

Sri Lankan default impact on Pakistani banks

April 18, 2022April 18, 2022Faisal Shahnawaz

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 […]

Tag: UBL