KARACHI: United Bank Limited (UBL) has reported Rs7.5 billion earnings during the first quarter of calendar year.
The bank’s profit increased 15 per cent quarter-on-quarter and 37pc on a year-on-year basis. This translated into earnings per share at Rs6.2, enabling the bank to declare cash dividend of Rs3 per share. During the quarter (Jan-March), Net Interest Income (NII) improved by 2pc quarter-on-quarter to Rs13.5bn and by 32pc on a year-on-year basis. On year-on-year basis, net profit grew by 37pc driven by higher NII.
