Home Press Release UBL Made a Remarkable Profit of 23% in 2022

UBL Made a Remarkable Profit of 23% in 2022

161
0
UBL

UBL 7.58 billion was reported in the same period of 2021, which shows an increase of Rs. 1.8 billion or 23%. After a gap of many years.

UBL has surpassed even the well-known Habib Bank Limited in terms of profitability. The increase in revenue was made possible by an increase in total revenue and a decrease in supply. The total income of the bank was stated to be Rs. 29.13, 22.6% higher than Rs. 23.76 billion.

UBL reported a profit of Rs. 9.3 billion against HBL, which reported a profit of Rs. 8.6 billion in the first quarter of 2022. UBL’s pre-tax profit was Rs. 15.7 billion to 14.6 billion against HBL. UBL’s net interest income is reported in Rs. This is 28% more than Rs. 22.36 billion. 17.50 billion.

UBL recorded a 47% year-over-year increase in profits in 2021, while HBL’s annual profit grew 15% year on year. In the first quarter of 2022, UBL’s profit growth was 23%, while HBL’s profit growth was less than 1%. The competition between the two banks is likely to intensify in the coming months.

UBL’s earnings per share also increased to Rs. 7.58 to 6.21. Board of Directors announces interim cash profit of Rs. 5 per share.

For more news visit: https://cxonews.live/

Previous articleInternet is Free: US joins 55 countries
Next articleNational Bank of Pakistan Becomes Most Profitable Bank of Pakistan