International business makes a strong contribution to bottom line.

UBL International posted a PBT of USD 39 million for the year 2021 as the Bank's GCC operations now reflect stability, following specific de-risking measures over the last few years. The Bank is now operating a leaner business model with emphasis on maintaining strong credit quality and deepening its foundation of low cost funding.

Digital Banking - Best in its class with growing penetration

UBL's position as the industry leader in the Digital Banking space continues to be recognized as the Bank was awarded the "Best Mobile App" and "Best Emerging Technology" awards at the prestigious Pakistan Digital Awards 2021. The award recognizes outstanding innovation and creativity of the best digital professionals and companies from across the country. The Bank aims to provide a seamless customer experience across all touchpoints and technology platform-based solutions. UBL continues to strive to create a more holistic payments ecosystem which will clearly transform the payments landscape in Pakistan.

During the year, the Bank released an upgraded version of its UBL Digital app., which continues to be very popular amongst its growing customers base. The number of registered digital customers stood at 2.1 million at Dec'21, while the number of digital financial transactions grew by 84% year on year.

Commenting on the results, Mr. Shazad G. Dada...