<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In our today's morning briefing we would discuss the
performance of United Bank Limited (UBL) in 1HCY17.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Primarily owing to lower net interest income (NII) and
non-interest income, the profit after taxation (PAT) of UBL fell by 7% YoY in
1HCY17 to Rs 13,244 million (EPS: Rs 10.82) as against a PAT of Rs 14,295
million (EPS: Rs 11.68) in 1HCY16. However, the reversal in provisions worth Rs
458 million in 1HCY17 versus provisions of Rs 1,431 million in 1HCY16 provided
some support to the bottom-line. On QoQ basis, the PAT of the company observed
17% drop in 2QCY17 mainly due to higher effective taxation. The corporate
results were accompanied with a second interim ca...
