Karachi: United Bank Limited (UBL) released its financial results for the third quarter ending September 30, 2026, marking a performance that reflects changes in key financial metrics. The bank's unconsolidated financial statements, announced on October 16, 2026, reveal shifts in assets, liabilities, and profitability during this period.

The bank's total assets rose to 12.92 trillion rupees as of the end of the third quarter, up from 12.62 trillion rupees at the end of 2025. This increase was primarily driven by a rise in cash and balances with treasury banks, which grew to 718.96 billion rupees from 547.65 billion rupees. Additionally, advances increased to 1.72 trillion rupees from 1.37 trillion rupees, and property and equipment climbed to 209.58 billion rupees from 120.55 billion rupees.

On the liabilities side, UBL reported an increase in bills payable to 97.96 billion rupees from 58.63 billion rupees. Borrowings, however, decreased to 5.43 trillion rupees from 6.53 trillion rupees. Deposits and other accounts saw a notable rise, reaching 6.50 trillion rupees from 5.17 trillion rupees in the same period.

According to information available from the Pakistan Stock Exchange (PSX), UBL's net assets increased to 521.02 billion rupees from 498.73 billion rupees as of December 31, 2025. This growth in net assets is reflected in the bank's reserves, which grew to 147.53 billion rupees from 138.52 billion rupees, and in unappropriated profits, which rose to 222.67 billion rupees from 174.67 billion rupees.

In terms of profitability, UBL reported a profit after taxation of 30.22 billion rupees for the third quarter, compared to 34.70 billion rupees in the same period last year, representing a very large or significant move with a decrease of 12.91%. This reduction in profit is partly attributable to increased taxation, which stood at 32.88 billion rupees, down from 39.27 billion rupees in the previous year.

Earnings per share for the third quarter were recorded at 12.07 rupees, down from 13.86 rupees in the same quarter of the previous year. For the nine-month period ending September 30, 2026, UBL's earnings per share were 46.00 rupees, up from 39.55 rupees in the corresponding period in 2025, indicating a moderate move with an increase of 16.27%.

The designated market category for United Bank Limited remains consistent with its operational focus and financial activities as observed in the aforementioned results.