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Tag: United Bank Limited

united bank

UBL Continues Legal Battle Against SBP’s Rs 4.09 Billion Penalty Since 2016

November 7, 2023November 7, 2023Shahnawaz Akhter

Karachi, November 7, 2023 – United Bank Limited (UBL) has been embroiled in a legal dispute with the State Bank of Pakistan (SBP) since 2016 over a penalty totaling Rs 4.09 billion.

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united bank

UBL Announces Massive 126% Profit Growth in Third Quarter of 2023

October 25, 2023October 25, 2023Shahnawaz Akhter

Karachi, October 25, 2023 – United Bank Limited (UBL), one of Pakistan’s leading financial institutions, has reported a staggering 126 percent year-on-year (YoY) profit growth in the third quarter of 2023, ending on September 30.

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united bank

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).

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united bank

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.

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united bank

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.

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united bank

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.

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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.

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united bank

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.

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united bank

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 […]

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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 […]

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