LAHORE: The UBL has posted Rs12.7 billion earnings for first half of the calendar year 2015, showing a huge growth of 21 per cent YoY from Rs10.5b in previous yea.
The UBL board of governors also announced second interim cash dividend of Rs3.0/share for the quarter ended Jun’15, bringing 1HCY15 dividends to Rs6 par share. For 2QCY15 alone, the bank reported earnings or Rs5.6b (EPS: 4.57), up 5 per centYoY.
During 1HCY15, the bank’s net interest income reported an increase of 29%YoY to Rs27.3b compared to Rs21.2b in 1HCY14. However, NII was restricted by higher provisions of Rs2.0b vs. Rs996.7m in the same period last year. The bank’s non-interest income remained robust during the corresponding period.
