From a market value of just Rs. 100 billion, United Bank Limited (PSX: UBL) has soared to a record Rs. 600 billion (US$ 2.1 billion) in only two years.
“What’s even more impressive is that UBL has surpassed the combined market value of Habib Bank Limited (PSX: HBL) and MCB Bank Limited (PSX: MCB), marking a major shift in Pakistan’s banking landscape,” CEO Topline Securities CEO Mohammed Sohail said in a social media post on Saturday.
UBL’s scrip at the bourse closed at Rs. 482.18, up 8.46 percent or Rs. 37.59, with over 5.855 million shares on Friday.
The Bank is a subsidiary of Bestway International Holdings Limited, which is a wholly owned subsidiary of Bestway Group Limited.
Good for them. I have been using their asset management services (Mutual funds). They provide exceptional service.
What’s the annual profit
Best bank
May be you should provide some journalistic opinion or fact that how and why UBL has achieved this.
For a general public this article is surprising. I still presume HBL and MCB are bigger banks than UBL.
Ubl aa good bank in punjab