The profit after tax of United Bank Limited has increased to Rs 15.499 billion in the year ended December 31, 2011 as compared to Rs 11.159 billion earned in the year 2010. The bank's earning per share increased to Rs 12.66 in the period under review against Rs 9.12 in the same period a year back.
The board of directors of the bank in its meeting held on Tuesday at Abu Dhabi, UAE declared final cash dividend for the year at Rs 6.00 per share, ie 60 percent. This is in addition to interim dividend of 15 percent already paid for the year 2011. According to the financial results sent to Karachi Stock Exchange, the bank's mark-up/return/interest earning increased to Rs 70.450 billion in 2011 against Rs 59.277 billion in 2010. The mark-up/return/interest expenses increased to Rs 31.025 billion against Rs 24.997 billion.
The bank's total non-mark-up/return/interest income increased to Rs 12.718 billion against Rs 10.090 billion while total non-mark-up/interest expenses increased to Rs 20.629 billion against Rs 18.623 billion. The bank's profit before taxation increased to Rs 24.222 billion in the year 2011 against Rs 17.742 billion in 2010.
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