United Bank Limited’s total regulatory penalties fell to Rs36.53 million in the first nine months of 2026, while its profit after tax rose to Rs115.2 billion.
United Bank Limited (UBL) paid Rs35.71 million in penalties to the State Bank of Pakistan (SBP) during the first nine months of calendar year 2026, down from Rs45.78 million in the corresponding period of the previous year.
According to the bank’s financial statement released on Friday, UBL also paid Rs818,000 in penalties imposed by other regulatory authorities overseeing its overseas branches during January–September 2026, compared with Rs37,000 a year earlier.
Consequently, the bank’s total penalties declined to Rs36.53 million during the nine-month period, against Rs45.82 million in the same period of 2025.
Despite these regulatory costs, UBL reported strong financial results. On a standalone basis, its profit before tax increased by 8 per cent year on year to Rs240.5 billion for the nine months ended September 30, 2026.
Profit after tax rose to Rs115.2 billion from Rs98.5 billion, while earnings per share increased to Rs46.00 from Rs39.55. On a consolidated basis, UBL recorded profit after tax of Rs116.6 billion, compared with Rs100.1 billion a year earlier.
The bank’s gross revenue grew 21 per cent to Rs376.9 billion, including net mark-up income of Rs282.9 billion and non-mark-up income of Rs94 billion. Capital gains contributed Rs47.9 billion, supported by foreign exchange income and market opportunities.
Fees and commission income reached Rs22.8 billion, driven by card-related charges, trade services, corporate services and investment banking activities.
However, operating expenses increased 53 per cent to Rs136.1 billion. Staff costs rose 49 per cent to Rs52.6 billion, property-related expenses increased 51 per cent to Rs17.6 billion, while IT expenses climbed 28 per cent to Rs10.1 billion.
UBL’s board declared an interim cash dividend of Rs8 per share at its October 16 meeting in Dubai. Net provision reversals stood at Rs4.5 billion during the period, reflecting continued recovery momentum.