Annual Report 2016 of United Bank of Pakistan Limited

It is a broadly described annual report of United Bank of Pakistan Limited in the year of 2016. During the financial year, Total Assets of the Bank stood at Rs. 1,577,551,023 billion as against at Rs. 1,400,650,843 billion in last year. Deposits and other accounts of the Bank stood at Rs. 1,179,887,048 billion. The Share capital of the Bank Stood at Rs. 12,241,798 billion. Profit before tax (PBT) of the Bank stood at Rs. 46.02 billion, a growth of 9% over the last year. During the year under review, UBL posted a profit after tax (PAT) of Rs. 27.73 billion. The consolidated PAT was recorded at Rs. 28.00 billion, an increase of 4% over the prior year (2015: Rs. 27.01 billion). The Earnings per share stood at Rs. 22.65 per share for the year ended 2016 in comparison to Rs. 21.02 per share in 2015.

The Board of Directors of the Bank has recommended a final cash dividend of Rs. 4/- per share i.e. @40% for the year ended 31^st December 2016, bringing the total cash dividend for the year 2016 to 130%.

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