KARACHI: United Bank Limited (UBL) posted earnings of Rs7.5 billion during the first quarter (Jan-March) of 2015, up by 15 per cent quarter-on-quarter and 37pc on a year-on-year basis.

This translated into earnings per share at Rs6.2, enabling the bank to declare cash dividend of Rs3 per share.

Analysts believed that the results, led by growth in core earnings, were above market consensus estimates.

During the quarter, Net Interest Income (NII) improved by 2pc quarter-on-quarter to Rs13.5bn and by 32pc on a year-on-year basis.

On year-on-year basis, net profit grew by 37pc driven by higher NII.

Published in Dawn, April 25th, 2015

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