Thursday, 26 February 2015
Pakistani banks believe in Pakistan like none other. The bond they have with investing in sovereign papers, is reaping results. The bond they have is the Pakistan Investment Bond (PIB) and that is what did wonders for most banks, big or small, in CY14. UBL was no different. Being a larger sized bank, it did not shy away from investing heavily in PIBs, which for most part of the year, yielded lucrative risk-free returns of 12.5 percent.