UBL Bank Records Reached All-Time High Profit in 2022

23, February , 2023

Newstoday: In 2022, United Bank Limited's (UBL) earnings soared to an all-time high of Rs. 32 billion (CY22). According to a study by Arif Habib Limited, the increase in overall earnings was mostly brought about by greater net interest income and non-funded revenue. The bank's foreign exchange earnings increased 107 percent to Rs. 8.5 billion from Rs. 4.1 billion the year before. The bank's interest-earned revenue increased during the year, going from Rs. 152.761 billion to Rs. 257.829 billion. Additionally, the interest costs increased from Rs. 78.025 billion to Rs. 150.086 billion from the previous year. When compared to the Rs. 43 billion recorded in CY21, the bank's expenses reached their highest level of Rs. 53 billion in 2022.