Annual Report (Financial Statement) 2007 of United Bank of Pakistan Limited

It is a broadly described annual report (financial statement) of United Bank of Pakistan Limited in the year of 2007. During the financial year, Total Assets of the Bank stood at Rs. 530,283,956 billion as against at Rs. 423,265,873 billion in last year. During 2007, the Deposits and other accounts of the Bank stood at Rs. 401,637,816 billion. The Share capital of the Bank Stood at Rs. 8,093,750 billion. The Bank achieved a profit before tax of Rs. 13 billion in 2007 which is 9% lower than that of last year. During the year under review, the Bank achieved a profit after tax of Rs. 8,402,590 billion compared to the last year’s profit of Rs. 9,468,232 billion. The Earnings per share (EPS) of the bank for the year ended 2007 is Rs. 10.38 per share.

The Board of Directors of the Bank has recommended a cash dividend of Rs. 3.00 per share and bonus issue of @25% for the year ended 31^st December 2007.

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