UBL continues to have a stellar 2021-9M profits of Rs 39 billion, up 49%.

Shareholder returns and payouts continue to grow

UBL continued its strong momentum in 2021 as the bank earned Profit Before Tax (PBT) of Rs. 39.3 billion for the period ended September 30, 2021, a strong growth of 49% year on year, with earnings per share (EPS) of Rs. 18.6 (9M'20: Rs. 13.1). The bank declared a dividend of Rs. 4.0 per share for Q3'21, which is in addition to the Rs. 8.0 per share declared earlier, taking the overall payout to Rs. 12.0 per share year to date.

UBL is a firm believer that focusing on building human capital, investment in IT systems while creating operational efficiencies is key to sustainable earnings. But equally important is employee recognition, we believe the success this year has been the result of a highly passionate work force. Our teams have served with a clear sense of purpose with all efforts directed towards greater organizational aspirations.

Serving the nation with one of the largest branch networks in Pakistan

UBL remains one of the key financial institutions in the country serving over 10 million customers, with a network of 1,344 branches within Pakistan, 1,436 ATMs, over 35,000 Omni agents, well supported by the bank's award winning digital banking services. The Branch Banking Group delivered a record performance in 2021, with strong growth in average domestic deposits of over 21% as the bank continues to expand its customer base across key geographies. Domestic deposits averaged Rs. 1.5 trillion in 9M'21, with the domestic CASA to total deposits ratio at 85.5% for 9M'21. This aggressive deposit mobilization enabled the UBL to expand its average market share to 8.4% in 9M'21 (9M'20: 8.1%).

UBL is also actively participating in all major economic programs launched by the Government of Pakistan and the State Bank of Pakistan. Building on its market leading position in the home remittances space, the bank is at the forefront of the Roshan Digital Account initiative. UBL is proud to be one of the top banks participating in RDA with over 48,000 accounts opened to date, with inflows of USD 257 million.

Islamic Banking - UBL 'Ameen' gaining momentum with enhanced footprint

UBL sees Islamic banking as an emergent and growing opportunity and is aggressively focusing on expanding within this key space The Islamic branch network consists of 114 branches as well as 201 Islamic Banking Windows. Islamic banking deposits grew to Rs. 127 billion at Sep'21, an increase of 14% since Dec'20. Islamic asset...