Karachi, United Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on February 23, 2022.
The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for year ended December 31, 2021 which portrayed a profit of Rs. 30,882,123 and 24.90 with earnings per share 25.23 and 24.84 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from March 22, 2022 to March 29, 2022 (both days inclusive).
United Bank Limited is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. The Bank is a subsidiary of Bestway (Holdings) limited which is a wholly owned subsidiary of Bestway Group Limited.
With a customer base of over 4 million, the Bank boasts Pakistan’s widest network of over 44,000 customer touch points; this includes more than 1,400 branches, above 37,000 Omni Agents and over 1,400 ATMs. UBL has presence in four continents.
The total number of shares of the Company are 1,224,179,688. The Earnings per share I s17.07 in 2020 which was 15.63 in 2019. The Profit after tax is 20,898,783,000 in 2020 which was 19,133,774,000 in 2019.