BR Research
UBL going great guns
Come rain or sunshine, the top five big banks in Pakistan reap hefty returns to shareholders. United Bank Limited (UBL), the third largest c
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================================================================ United Bank Limited ================================================================ Rs (mn) 1HCY11 1HCY10 chg ================================================================ Mark-up earned 34058 28480 20% Mark-up expensed (14747) (11877) 24% Net mark-up income 19311 16603 16% Provisioning (4923) (4094) 20% Net mark-up income after provisions 14389 12510 15% Other income 5899 4728 25% Operating revenues 25210 21332 18% Other expenses (10058) (8673) 16% Profit before taxation 10229 8565 19% Profit after taxation 6705 5201 29% EPS (Rs) 5.48 4.25 - ---------------------------------------------------------------- Source: Company Accounts ================================================================