UBL United Bank Limited

United Bank Limited (UBL) financial ratios

United Bank Limited earned a net margin of 31.5% in FY2025 against a five-year average of 30.3% (Commercial Banks median 22.2%). Return on equity was 31.5%, compared with a sector median of 17.0%.

FY2025 vs the Commercial Banks median

Net margin: 31.5%; Sector median 22.2%
Return on equity (ROE): 31.5%; Sector median 17.0%
Return on assets (ROA): 1.3%; Sector median 1.2%
Debt to equity: 1,313.7%; Sector median 253.4%
Dividend payout ratio: 52.0%; Sector median 50.4%

Median of the 19 companies in the sector with the figure for their latest fiscal year.

UBL financial ratios (annual) (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 * Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 * Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 * Jan – Dec 2014	FY2013 * Jan – Dec 2013	FY2012 * Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 Jan – Dec 2010	FY2009 * Jan – Dec 2009	FY2008 * Jan – Dec 2008	FY2007 Jan – Dec 2007	FY2006 * Jan – Dec 2006
Profitability
Pre-tax margin	70.6%	58.4%	66.6%	51.2%	54.2%	36.8%	43.0%	31.2%	50.6%	57.4%	53.8%	52.7%	49.8%	50.6%	46.6%	40.2%	34.0%	37.2%	29.1%	53.1%
Net margin	31.5%	30.1%	34.0%	24.0%	31.9%	22.3%	24.4%	18.5%	32.1%	34.1%	33.4%	35.5%	33.9%	34.4%	29.3%	25.1%	39.1%	22.3%	19.5%	35.4%
Effective tax rate	55.3%	48.4%	48.9%	53.2%	41.2%	39.5%	43.3%	40.6%	36.5%	40.6%	37.8%	32.5%	31.9%	32.0%	37.0%	37.7%	(15.1%)	39.9%	33.0%	33.3%
Returns
Return on equity (ROE)	31.5%	25.3%	22.5%	14.3%	14.5%	10.9%	11.7%	9.4%	15.8%	18.0%	18.5%	19.6%	18.6%	20.8%	18.8%	16.0%	29.5%	17.9%	23.3%	35.2%
Return on assets (ROA)	1.3%	1.1%	1.3%	1.1%	1.2%	1.0%	1.0%	0.7%	1.4%	1.8%	2.0%	2.1%	1.9%	2.2%	1.9%	1.6%	2.6%	1.4%	1.9%	2.4%
Leverage
Debt to equity	1,313.7%	1,534.2%	1,002.6%	271.5%	267.4%	86.5%	110.6%	187.5%	313.4%	148.5%	114.2%	45.7%	52.4%	85.0%	77.0%	86.1%	80.7%	125.4%	149.5%	148.5%
Debt to capital	92.9%	93.9%	90.9%	73.1%	72.8%	46.4%	52.5%	65.2%	75.8%	59.8%	53.3%	31.4%	34.4%	45.9%	43.5%	46.3%	44.7%	55.6%	59.9%	59.8%
Debt to assets	52.6%	61.0%	48.5%	20.9%	22.0%	8.2%	10.4%	15.8%	25.7%	14.4%	12.0%	5.3%	5.4%	9.0%	8.3%	8.9%	8.5%	10.0%	13.1%	11.3%
Assets to equity	25.05×	23.03×	17.25×	12.59×	11.43×	10.60×	11.20×	12.05×	11.28×	9.93×	9.10×	9.11×	9.60×	9.36×	9.45×	9.60×	10.81×	12.00×	12.12×	13.82×
Dividends
Dividend payout ratio	52.0%	54.0%	73.3%	50.5%	48.2%	55.5%	66.3%	86.3%	61.3%	57.3%	60.8%	59.5%	63.5%	54.3%	61.8%	55.5%	6.1%	29.1%	21.6%	13.6%
Earnings retention rate	0.48×	0.46×	0.27×	0.50×	0.52×	0.44×	0.34×	0.14×	0.39×	0.43×	0.39×	0.40×	0.37×	0.46×	0.38×	0.45×	0.94×	0.71×	0.78×	0.86×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

UBL: frequently asked questions

What is UBL's EPS?

United Bank Limited reported basic earnings per share of Rs 52.13 for FY2025 (Jan – Dec 2025).

What is UBL's P/E ratio?

At the closing price of Rs 412.53 on 16 Oct 2026, UBL trades at a P/E of 7.9× based on EPS of Rs 52.13 (FY2025).

Does UBL pay dividends?

Yes. United Bank Limited declared a dividend of Rs 29.50 per share for FY2025. It has paid a dividend in each of the last 20 years. At Rs 412.53 that is a dividend yield of 7.2%.

What was UBL's total income and profit in FY2025?

United Bank Limited reported total income of Rs 412.1 bn and profit attributable to shareholders of Rs 130.0 bn for FY2025 (Jan – Dec 2025).

What is UBL's book value per share?

United Bank Limited's book value per share was Rs 201.75 at the end of FY2025. The shares trade at 2.04× book value.

Information only, not investment advice.