United Bank Limited Q1 2023 Investor Presentation

UBL reported strong Q1 2023 performance with PBT up 54% YoY to Rs 24.4B and PAT up 46% YoY to Rs 13.9B, achieving 28.0% ROE and a 97% dividend payout ratio. The bank improved its cost-to-income ratio to 35% from 42% in the prior year while navigating high inflation and elevated interest rates. As Pakistan's leading digital bank with 3.2M mobile app users and market leader in home remittances with $6B+ annual inflows, UBL maintains strong capital position with 17.6% CAR.