UBL earns PBT of Rs 39.3 b for period ending Sept 30

Staff Reporter

UBL continued its strong momentum in 2021 as the bank earned Profit Before Tax (PBT) of Rs. 39.3 billion for the period ended September 30, 2021, a strong growth of 49% year on year, with earnings per share (EPS) of Rs. 18.6 (9M’20: Rs. 13.1).

The bank declared a dividend of Rs. 4.0 per share for Q3’21, which is in addition to the Rs. 8.0 per share declared earlier, taking the overall payout to Rs. 12.0 per share year to date.

UBL is a firm believer that focusing on building human capital, investment in IT systems while creating operational efficiencies is key to sustainable earnings.

But equally important is employee recognition, we believe the success this year has been the result of a highly passionate work force.

Our teams have served with a clear sense of purpose with all efforts directed towards greater organizational aspirations.

UBL remains one of the key financial institutions in the country serving over 10 million customers, with a network of 1,344 branches within Pakistan, 1,436 ATMs, over 35,000 Omni agents, well supported by the bank’s award winning digital banking services.

The Branch Banking Group delivered a record performance in 2021, with strong growth in average domestic deposits of over 21% as the bank continues to expand its customer base across key geographies.

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