Staff Reporter Karachi
UBL maintains one of the largest network footprints by any Bank in Pakistan. Through its 1,348 branches 1,423 ATMs and market leading Digital App, we serve over 10 million customers across all segments of the country.
On a standalone basis, UBL recorded Profit Before Tax (PBT) of Rs. 12.2 billion for the quarter ended March 31, 2021, up 44% over the corresponding period of last year. Earnings per share (EPS) were measured at Rs. 6.05 (Q1’20: Rs. 4.13).
The Bank enhanced its dividend payout, declaring dividends of over Rs.4.9 billion for the quarter (Rs. 4 per share), 60% higher than Q1’2020.
The Bank’s capital position continues to strengthen with the Capital Adequacy Ratio (CAR) recorded at 23.8% as at Mar’21 (Dec’20: 24.4%), an excess of 11.3% over the regulatory minimum.
Gross revenues were recorded at Rs. 22.6 billion for Q1’21, growing by 3% over Q1’20, despite margin compression from lower interest rates.
The bank recorded net interest income (NII) of Rs 16.9 billion for Q1’21 (Q1’20: Rs 17.3 billion).
Non-markup income was recorded at Rs. 5.8 billion for Q1’21, up 24% on a year-on-year basis, as a result of timely realization of capital gains on foreign sovereign bonds and equities.
