Ubl Report

SECTOR OVERVIEW
The Pakistan banking industry constitutes a total of around 31 banks, of which five are public-sector and four are
foreign, while there are 22 local private banks. The majority of the banking business is concentrated in a select few
in the industry—six banks are the largest competitors in the economy and hold a major stake of the banking assets
in Pakistan. To be more specific, these banks collectively make up more than 57 percent of deposits and 53 percent
of advance in the economy. They are:
 National Bank Limited (NBL),
 Habib Bank Limited (HBL),
 United Bank Limited (UBL),
 MCB Bank Limited,
 Allied Bank Limited (ABL) and
 Bank Alfalah Limited.
The industry is regulated by the State Bank of Pakistan (SBP)
CHALLENGES OF INDUSTRY
 Political Instability
 Economic Uncertainty
 Tough Regulations by SBP
 Inquiry Fear of NAB
 Corporate Governance
CONVENTIONAL VS ISLAMIC BANKING
CONVENTIONAL ISLAMIC
 Conventional Banks assure a pre-determined  Functions according to the sharia Law.
rate of interest.
 Only aims at maximizing profit.  Absence of Interest based transactions.
 Penalty for defaults goes into the bank’s  Avoidance of Economic Activities involving
pocket. speculation.
 Concerns the customer’s credit worthiness  Introduction of Islamic Tax (Zakat)
when giving loans.
COMPANY’S OVERVIEW
HISTORY
Agha Hassan Abedi founded this bank in 1959.UBL has a long history in the UAE and is the second foreign bank to
open its branch in Abu Dhabi, UAE in July 1967.
In 2002, the Government of Pakistan sold it in an open auction to a consortium of Abu Dhabi Group and
Bestway Group.
In 2002 it merged its operations in the UK with those belonging to National Bank of Pakistan to form United
National Bank Limited, of which it owns 55%, with National Bank of Pakistan owning the remainder.
ABOUT COMPANY
United Bank Limited is a Pakistani commercial bank which is a subsidiary of British Company Bestway Group. The
Bank is headquartered in Karachi, Pakistan. It has a network of over 1,364 branches in across Pakistan, 15
branches overseas and a customer base exceeding 4 million. It was awarded the Best Bank of 2016.
UBL provides services in wholesale and retail banking through its network of branches and presence across 12
countries in four continents including the UAE, Bahrain, Qatar, Yemen, UK, Switzerland, China, Oman, US,
Tanzania, Iran and Pakistan.
United Bank Limited recorded its highest ever profit after tax of Rs.15.226 billion for the year ending 30 June 2018.
ACHIEVEMENTS
 UBL introduced Pakistan’s first credit card.
 The UNICARD in 70s.
 UBL has honor of first Islamic banking division and first time started E-Banking Services on the event of
Hajj.
 Launched first-ever Digital Branch.
 Launched Pakistan’s first Premium Debit Card.
 It has Entity rating upgrading to AAA/A-1+
OUR VISION
To be a world class bank dedicated to excellence, and to surpass the highest expectations of our customers and all
other stakeholders….
MISSION STATEMENT
 Be the undisputed leader in financial services for our customers.
 Most innovative and fastest growing bank in targeted business.
 Continue to diversify across chosen geographies.
 Achieve operational excellence with the highest level of compliance.
 Consistently create leaders through inspired human capital.
 Contribute positively to the communities we operate in.
CORE VALUES
• Customer First
• Honestly of purpose
• Teamwork
• Excellence
• Meritocracy
OUR SERVICES
o UBL CREDIT CARD o UBL DRIVE o UBL NEW CAR

FINANCING
o UBL USE CAR o CASH YOUR CAR o UBL ADDRESS
FINANCING
BUY A HOME o UBL BUSINESS LINE UBL CASH LINE
KEY FIGURES AND HIGHLIGHTS
TOTAL INCOME 25,072

Rs in million (2017: 22,162)
PROFIT BEFORE TAX 24,967
Rs in million (2017: 39,918)
PROFIT AFTER TAX 15,226

Rs in million (2017: 25,179)
EARNING PER SHARES 12.44

Rs (2017: 20.57)
BOOK VALUE PER SHARE

BOOK VALUE PER SHARE 123.57
Rs (2017: 130.13)
Rs (2017: 130.13)
MARKET VALUE PER SHARE

122.64
Rs (2017: 187.97)
PRICE/EARNINGS RATIO
9.86
Time (2017: 9.14)
2018 2017
------------(Rupees in '000)--------
Mark-up / return / interest earned 113,198,299 107,205,820
Mark-up / return / interest expensed 56,964,028 50,781,440
Net mark-up / interest income 56,234,271 56,424,380
Non mark-up / interest income
Fee and commission income 13,930,970 12,617,676
Dividend income 2,086,932 2,360,881
Foreign exchange income 3,465,387 1,878,141
(Loss) / income from derivatives (87,716) 32,793
Gain on securities - net 4,621,949 4,400,852
Other income 1,054,287 871,799
Total non mark-up / interest income 25,071,809 22,162,142
Total income 81,306,080 78,586,522
Non mark-up / interest expenses
Operating expenses 38,826,761 35,349,864
Workers' Welfare Fund (2,173,437) 808,704
Other charges 114,798 59,688
Total non mark-up / interest expenses 36,768,122 36,218,256
Profit before provisions 44,537,958 42,368,266
Provisions and write-offs- net 12,914,078 2,449,810 25,072

Extra ordinary / unusual item - charge in respect
6,657,216 -
of pension liability
Profit before taxation 24,966,664 39,918,456
Taxation (9,740,569) (14,738,809)
Profit after taxation 15,226,095 25,179,647
15,226

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SECTOR OVERVIEW

 National Bank Limited (NBL),

 Habib Bank Limited (HBL),

 United Bank Limited (UBL),

 MCB Bank Limited,

 Allied Bank Limited (ABL) and

 Bank Alfalah Limited.

The industry is regulated by the State Bank of Pakistan (SBP)

 Tough Regulations by SBP

 Inquiry Fear of NAB

CONVENTIONAL VS ISLAMIC BANKING

 UBL introduced Pakistan’s first credit card.

 The UNICARD in 70s.

 Launched Pakistan’s first Premium Debit Card.

 It has Entity rating upgrading to AAA/A-1+

 Be the undisputed leader in financial services for our customers.

 Most innovative and fastest growing bank in targeted business.

 Continue to diversify across chosen geographies.

 Achieve operational excellence with the highest level of compliance.

 Consistently create leaders through inspired human capital.

 Contribute positively to the communities we operate in.

o UBL CREDIT CARD o UBL DRIVE o UBL NEW CAR

KEY FIGURES AND HIGHLIGHTS

TOTAL INCOME 25,072

Rs in million (2017: 39,918)

PROFIT AFTER TAX 15,226

EARNING PER SHARES 12.44

BOOK VALUE PER SHARE

MARKET VALUE PER SHARE

Mark-up / return / interest earned 113,198,299 107,205,820

Mark-up / return / interest expensed 56,964,028 50,781,440

Net mark-up / interest income 56,234,271 56,424,380

Non mark-up / interest income

Fee and commission income 13,930,970 12,617,676

Dividend income 2,086,932 2,360,881

Foreign exchange income 3,465,387 1,878,141

(Loss) / income from derivatives (87,716) 32,793

Gain on securities - net 4,621,949 4,400,852

Other income 1,054,287 871,799

Total non mark-up / interest income 25,071,809 22,162,142

Total income 81,306,080 78,586,522

Non mark-up / interest expenses

Operating expenses 38,826,761 35,349,864

Workers' Welfare Fund (2,173,437) 808,704

Other charges 114,798 59,688

Total non mark-up / interest expenses 36,768,122 36,218,256

Profit before provisions 44,537,958 42,368,266

Provisions and write-offs- net 12,914,078 2,449,810 25,072

Profit before taxation 24,966,664 39,918,456

Taxation (9,740,569) (14,738,809)

Profit after taxation 15,226,095 25,179,647

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