Annual Report 2014 of United Bank of Pakistan Limited

It is a broadly described annual report of United Bank of Pakistan Limited in the year of 2014. During the financial year, Total Assets of the Bank stood at Rs. 1,111,414,107 billion as against at Rs. 1,009,738,651 billion in last year. Deposits and other accounts of the Bank stood at Rs. 895,083,053 billion. The Share capital of the Bank Stood at Rs. 12,241,798 billion. UBL has achieved an unconsolidated profit before tax of Rs. 33.40 billion, which is 20% higher than Rs. 27.81 billion posted in 2013. During the year under review, UBL has achieved profit after tax of Rs. 21.93 billion which is 18% higher than last year and translates into earnings per share of Rs. 17.91 (2013: Rs. 15.21). On a consolidated basis, UBL posted a profit after tax of Rs. 24.02 billion, an increase of 22% over 2013.

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 2014, bringing the total cash dividend for the year 2014 to 115%.

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