Annual Report 2013 of United Bank of Pakistan Limited

It is a broadly described annual report of United Bank of Pakistan Limited in the year of 2013. During the financial year, Total Assets of the Bank stood at Rs. 1,009,738,651 billion as against at Rs. 896,534,595 billion in last year. Deposits and other accounts of the Bank stood at Rs. 827,847,738 billion. The Share capital of the Bank Stood at Rs. 12,241,798 billion. Profit before tax for the year declined Rs. 27,806,912 billion. During the year under review, UBL achieved a profit after tax of Rs. 18.6 billion which is 4% higher than last year and translates into earnings per share of Rs. 15.21 (2012: Rs. 14.61). On a consolidated basis, UBL achieved a profit after tax of Rs. 19.7 billion, an increase of 3% over 2012.

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 2013, bringing the total cash dividend for the year 2013 to 100%.

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