United Bank Limited · PSX:UBL
United Bank — Investor Presentation (April 2026)
13 slides from United Bank's investor presentation, Apr 15, 2026
Slide 1: UBL - Corporate Briefing Session
UBL - Corporate Briefing Session April 15, 2026 1
Slide 2: Floater spreads likely to revert to lower levels as Govt. WAM is comfortable
Floater spreads likely to revert to lower levels as Govt. WAM is comfortable Volatility in spreads has no impact on earnings 10 Y Floater PIB Issuance Spreads • UBL 10-Year Floater PIBs are 5,871 billion 1.60% 1.38% with WAM of 8.5 years and they have been bought with an average spread of over 100 b
Slide 3: Fixed PIBs- MTM impact is significantly lower than market expectations
Fixed PIBs- MTM impact is significantly lower than market expectations Fixed PIBs/Sukuks – 12.8% WA Yield Fixed Bonds Amount Composition Available for Sale / FVOCI 1,748 69% < 1 Year Amortized Cost / HTM 783 31% 742 Total 2,530 100% • Duration of 2.5 Years on AFS Fixed bonds 1 - 3 Years • 1% change
Slide 4: CAR remains in-line with historical averages and well above regulatory requirements
CAR remains in-line with historical averages and well above regulatory requirements Total CAR – Min requirement 13% 24.4% 21.5% 21.0% 20.3% Average 19.0% 18.9% 19.2% 17.7% 17.6% 16.6% 16.4% 15.1% 15.5% Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Mar-26 Apr-26 • Both UBL’s T
Slide 5: GCC Asset Book is Fairly Liquid
GCC Asset Book is Fairly Liquid GCC Investments – USD Millions GCC Advances – USD Millions Investment Grade Pakistan Non-Investment Grade 15% 13% 3% GoP Others 250 54 286 24% 413 8% Trade 148 GCC Govt. Entities 22% 409 Real Estate 19% 358 Financial 1,278 Institutions 73% 441 23% Investments: 1,745 M
Slide 6: Current Deposits almost Tripled in last 39 months
Our Growth Story Rupee Current Deposits +382 2,088 +576 1,706 +244 1,130 +183 886 703 Dec-22 Dec-23 Dec-24 Dec-25 Mar-26 Current Deposits almost Tripled in last 39 months Amounts in PKR Billions 6
Slide 7: Total Deposits almost Tripled in last 39 months
Strong Growth Momentum in Total Deposits as well Total Deposits +226 +2,528 5,394 5,168 +290 +509 2,640 2,351 1,842 Dec-22 Dec-23 Dec-24 Dec-25 Mar-26 Total Deposits almost Tripled in last 39 months 7
Slide 8: Market Leader in Foreign Exchange Market of Pakistan
Market Leader in Foreign Exchange Market of Pakistan Remittance Volume – USD Billions Trade Market Share 9.6% 8.1 8.2% 6.9 7.0 5.0% Dec-22 Dec-24 Dec-25 Dec-22 Dec-24 Dec-25 Year Ended 2022 2024 2025 Year Ended 2022 2024 2025 Industry 29.9 34.7 40.2 Industry 115.6 107.2 115.1 UBL 6.9 7.0 8.1 UBL 5.8
Slide 9: Profitability Snapshot
Profitability Snapshot Revenues of UBL have increased from under 100 billion in 2021 to over 400 billion in 2025 Period Ended 2024 2025 Growth% Mar-25 Mar-26 Growth% Avg Policy Rate 19.7% 11.4% 12.3% 10.5% Rupee Current Deposits 1,130 1,706 51% 1,445 2,088 45% Total Current Deposits (Rupee + FCY) 1,
Slide 10: P&L Review – Standalone
P&L Review – Standalone Rs. In bln FY'24 FY'25 Var % Q1'25 Q1'26 Var % Interest Earned 1,084.6 1,184.8 9% 261.0 323.5 24% Interest Expensed (911.2) (823.3) 10% (176.7) (224.1) -27% Net Interest Income 173.4 361.6 108% 84.2 99.4 18% Non Interest Income 87.5 58.0 -34% 15.6 42.2 170% Total Revenue 260.
Slide 11: Balance Sheet Review – Standalone
Balance Sheet Review – Standalone Rs in bln Balance Sheet Dec'24 Dec'25 Mar'26 Advances 1,443 1,369 1,479 Investments 5,887 9,951 9,924 FI Lendings 18 32 - Others 714 1,268 1,323 Total Assets 8,063 12,620 12,726 Deposits 2,640 5,168 5,394 Borrowings 4,855 6,530 6,605 Subordinated Debts 10 10 10 Othe
Slide 12: It takes belief to invest
It takes belief to invest Where it Matters Most UBL’s Contribution to Job Creation in last 3 Years Cs 20,000+ ££ 6,000+ Additional Jobs Created Youth Without Degrees Hired Pakistan’s Largest Private Sector Permanent employees with Matric or White Collar Employer Intermediate qualifications inducted
Slide 13: Q&A
Q&A 13