Annual Report (Financial Statement) 2008 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 2008. During the financial year, Total Assets of the Bank stood at Rs. 620,240,530 billion as against at Rs. 546,636,506 billion in last year. During 2008, the Deposits and other accounts of the Bank stood at Rs. 492,267,898 billion. The Share capital of the Bank Stood at Rs. 10,117,188 billion. UBL has achieved a profit before tax of Rs. 13.9 billion, which is higher by 7% than the same period last year. During the year under review, the Bank achieved a profit after tax of Rs. 8,445,251 billion compared to the last year’s profit of Rs. 9,237,015 billion. The Earnings per share (EPS) of the bank for the year ended 2008 is Rs. 8.26 per share.

The Board of Directors of the Bank has recommended a final cash dividend of Rs. 1/- per share i.e. @10% (in addition to Interim Dividend of @15% already paid for the year) and bonus issue of @10% for the year ended 31^st December 2008.

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