Non Fund Income makes a significant contribution to overall revenues.

Non-Fund Income (NFI) recorded significant growth of 37% over last year, reported at Rs. 23.4 billion, and contributed 25% of the overall gross revenues of the Bank. The year witnessed an increase in all major fee based services with a strong momentum within all lines of business.

Home remittances commissions of Rs. 1.7 billion were earned during the year as UBL maintained its market leadership as the preferred partner to the overseas Pakistani diaspora. Income from card related fees was recorded at Rs. 2.5 billion for 2021, up by 59%, as the debit cards portfolio increased to nearly 2.7 million, with new acquisitions of 703,000 during the year.

The Bank continues to maintain its strong momentum within the bancassurance space as premium volumes grew by 41% to Rs. 3.7 billion with commissions of Rs. 1.5 billion earned during the year. The Bank...