The United Bank Limited (UBL) announced annual financial results on Wednesday. EPS was Rs25.8 for the year, and the company declared a bumper cash dividend of Rs9/share. Net interest income for CY22 clocked-in at Rs257.8 billion, up 69% YoY. KARACHI: The United Bank Limited (UBL) on Wednesday announced annual financial results, wherein the … Read more
KARACHI: The State Bank of Pakistan (SBP) has allowed United Bank Limited (UBL) for due diligence to acquire Telenor Microfinance Bank, a bourse filing said on Tuesday. “The SBP had granted in-principle approval to UBL to commence the due diligence of Telenor Microfinance Bank Limited (TMB) for proposed acquisition of 55 per cent sponsor shares … Read more
KARACHI: United Bank Limited (UBL) has partnered with Visa to drive fintech enablement in Pakistan by becoming the first “Visa Ready BIN Sponsor” in the region, a statement said on Tuesday. This development is a first for the MENA (Middle East and North Africa) region, and third in the CEMEA (Central and Eastern Europe, the … Read more
KARACHI: Pakistan’s telecom company, Ufone, has secured its largest syndicated financing facility jointly led by the MCB Bank Limited (agent bank), Allied Bank Limited (ABL), Bank of Punjab (BoP), National Bank of Pakistan (NBP), and the United Bank Limited (UBL) to fund the acquisition and rollout of its 4G services across Pakistan, a statement said. … Read more
KARACHI: The profit of banking profitability for the half-year ended June 30, 2021 registered a growth of 13 per cent, according to the analysis of Arif Habib Limited. The jump in the half-year earnings of banks listed on the Pakistan Stock Exchange (PSX) was primarily led by significant decline in provisioning expense. On a sequential … Read more
KARACHI: The Apex Committee for Student Loan Scheme having representation from the State Bank of Pakistan, Finance Division and five major banks National Bank of Pakistan (NBP), Habib Bank Limited (HBL), United Bank Limited (UBL), Allied Bank Limited (ABL) and MCB Bank Limited have approved Rs82.6 million as interest-free loans to deserving students for their … Read more
KARACHI: The United Bank Limited (UBL) has posted an increase of 20 per cent to Rs7.6 billion in its net profit for the half-year ended June 30, 2021, a bourse filing said on Monday. According to the financial results announced by the bank, the profit-after-tax of the United Bank rose to Rs7.6 billion during January–June … Read more
