Annual Report 2010 of United Bank of Pakistan Limited

It is a broadly described annual report of United Bank of Pakistan Limited in the year of 2010. During the financial year, Total Assets of the Bank stood at Rs. 698,784,979 billion as against at Rs. 619,716,433 billion in last year. Deposits and other accounts of the Bank stood at Rs. 550,645,767 billion. The Share capital of the Bank Stood at Rs. 12,241,798 billion. Profit before tax for the year declined Rs. 17,742,218 billion. During the year under review, the Bank achieved a profit after tax of Rs. 6,582,288 billion compared to the last year’s profit of Rs. 4,841,814 billion, an increase of 16% over 2009. The Earnings per share (EPS) of the bank for the year ended 2010 is Rs. 9.12 per share.

The Board of Directors of the Bank has recommended a Final cash dividend of Rs. 4/- per share i.e. @40% and a bonus share issue of Nil for the year ended 31^st December 2010, bringing the total cash dividend for the year 2010 to @50%.

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