Annual Report (Financial Statements) 2006 of United Bank Limited

It is a broadly described annual report (financial statements) of United Bank Limited in the year of 2006. During the financial year, The Bank’s Total Assets reported stood at Rs. 423,320,207 million. Deposits of the Bank stood at Rs. 335,077,873 million. The share capital of the Bank stood at Rs. 6,475,000 million for the year 2006. The Bank’s Profit before taxation Rs. 14,291,756 million. Profit after taxation for the year Rs. 16,819,045 million. Earnings per share (EPS) Basic/Diluted Rs. 14.62.

The Board of Directors of the Bank has recommended a final cash dividend of Rs. 3.00/- per share and the directors have also announced a bonus issue of @25% to its shareholders during the year ended 31^st December 2006.

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