KARACHI: United Bank Limited (UBL) on Wednesday declared Rs32.06 billion as profit after tax for the year ended December 31, 2022.
The profit after tax of the bank grew by 4 per cent when compared with Rs30.88 billion for the calendar year 2021, according to unconsolidated financial results.
The bank declared earnings per share (EPS) at Rs26.19 in the year 2022 as against EPS of Rs25.23 in the preceding year.
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The board of directors of UBL in its meeting held on Wednesday February 22, 2023 approved
A final Cash Dividend for the year 31 December 2022 at Rs. 9/- per share i.e. 90 per cent. This is in addition to Interim Dividend already paid at Rs. 13/- per share i.e. 130 per cent.
The net mark-up/interest income of the banks sharply increased to Rs103.21 billion during the calendar year 2022 as compared with Rs71.76 billion in the preceding year.
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Non-markup/interest income of the bank also increased to Rs34.44 billion during the year under review as compared with Rs23.38 billion in the preceding year.
Foreign exchange income of the bank sharply increased to Rs8.41 billion for the year ended December 31, 2022 when compared with Rs4 billion in the preceding year.
The bank declared total income at Rs137.65 billion during calendar year 2022 when compared with Rs95.13 billion a year ago.
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Operating expenses of the bank rose to Rs52.28 billion for the year under review as compared with Rs42.74 billion a year ago.
The cost under the head of provisions / (reversal) and write-offs came at Rs15.67 billion during calendar year 2022 as against negative Rs955 million a year ago.
The profit before tax of the bank came at Rs68.31 billion during the calendar year 2022 when compared with Rs52.13 billion a year ago.
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The bank paid income tax to the tune of Rs36.25 billion during the year ended December 31, 2022 when compared with Rs21.24 billion in the preceding year.
