Annual Report (Financial Statements) 2016 of United Bank Limited

It is a broadly described annual report (Financial Statements) of United Bank Limited in the year of 2016. During the financial year, The Bank’s Total assets of stood at Rs. 1,577,551,023 million. The total deposits of the Bank stood at Rs. 1,179,887,048 million. The share capital of the Bank stood at Rs. 12,241,798 million for the year 2016. The Bank’s Profit before taxation Rs. 46,015,596 million, a growth of 9% over the last year. Profit after taxation for the year Rs. 27,730,112 million, an increase of 4% over the prior year. Earnings per share (EPS) Basic/Diluted 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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