Annual Report 2009 of United Bank of Pakistan Limited

It is a broadly described annual report of United Bank of Pakistan Limited in the year of 2009. During the financial year, Total Assets of the Bank stood at Rs. 640,449,529 billion as against at Rs. 620,707,389 billion in last year. The total deposits of the Bank reached to PKR 2,208.418 million as at 31^st December 2009 compared to PKR 1,992.257 million last year, showing a growth of 10.85%. The Share capital of the Bank Stood at Rs. 11,128,907 billion. Profit before tax for the year declined Rs. 14,392,181 billion. During the year under review, the Bank achieved a profit after tax of Rs. 9,487,952 billion compared to the last year’s profit of Rs. 8,445,251 billion. The Earnings per share (EPS) of the bank for the year ended 2009 is Rs. 8.56 per share.

The Board of Directors of the Bank has recommended a cash dividend of Rs. 2.50/- per share i.e. @25% and bonus issue of @10% for the year ended 31^st December 2009.

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