UBL : expected to post PAT of Rs 6.51bn (EPS: Rs 5.33) - By Azee Research

<p><br /></p><ul><li><span style="font-size:small;">The board meeting for the 1QCY16 financial results of United Bank Limited (UBL) 9MFY16 are planned to hold on April 26,&nbsp;2016.</span></li></ul><ul><li><span style="font-size:small;">We expect the bank to post a profit after tax of Rs 6.51 billion (EPS: Rs 5.33) in 1QCY16 compared to earnings of Rs 7.12 billion (EPS: Rs 5.82), a decline of 9%YoY. Earnings would decrease owing to fall in non interest income and higher provisions. The net interest income of the bank is expected to register a surge of 10% YoY to Rs 14.38 billion compared to Rs 13.11 billion in the corresponding period last year due to higher investments in PIBs. Non-funded income will witness a decrease of 21% YoY from Rs 6.22 billion in 1QCY15 versus Rs 4.94 billion in 1QCY16 due to lower gain form sale of securi...