United Bank Limited (UBL): 1H2023 Corporate Briefing Key Takeaways – By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">UBL conducted its 1H2023 corporate briefing where the management discussed financial results of the bank and its future outlook.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">UBL's Consolidated CAR has decreased from 17.42% in Dec-2022 to 14.81% in Jun-2023, primarily due to rupee devaluation. However, the bank still maintains a buffer of 3.5% over the minimum requirement. The unconsolidated CAR stands at 16.92% in Jun-2023 vs 19.17% in Dec-2022.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Deposits of bank grew by 19% YoY to Rs2.4trn in 1H2023 and UBL&rsquo;s focus to remain on better service and expansion in footprint.</span></li></ul><p></p>