United Bank LimitedUnited Bank LimitedPerformance ReviewPerformance Review

June 2011June 2011

July 28, 2011London

1

Key HighlightsKey Highlightsy g gy g g• Standalone PAT up 29% YoY to Rs.6.7 Bn. Consolidated PAT up 25% YoY at 6.4 Bn

• Net interest income up by 16% to Rs 19.3 Bno NIM increased by 24 bps to 7.4% YoYo Increase in yield on earning assets by 60 bps YoY

o Increase in cost of funds by 36 bpso Increase in cost of funds by 36 bps

• Non markup income up 25% to Rs 5.9 Bn YoY

o Core banking fees increased by 6% to Rs 3.3 Bn mainly due to higher C t / FI f ilit f i i B i t dCorporate / FI facility fees, commission on Bancassurance, income generated on remittances

o Dividend income increased by 16% mainly due to higher dividend received from associates and other equity investmentsassociates and other equity investments

o Exchange income up 55% to Rs. 1.1 Bn due to higher trade volumes and better market opportunities

o Derivative income increased by more than 100%, mainly due to timely

2

y , y yanticipation of rate movements

Key HighlightsKey Highlightsy g gy g g• Total provisions increased to Rs. 4.9 Bn mainly due to downgrading of

previously classified accounts

• Administrative expenses up by 14% YoY (QoQ up by 7%)o Cost to income ratio improved (HY 11: 38.6%, HY 10: 40%)

• Net advances remained flat at December level to Rs 334 Bn• Net advances remained flat at December level to Rs. 334 Bn

• Deposits increased by 8% over Dec’10 to Rs. 594 Bn (up by 12% over Mar’11)o Domestic low cost deposit mix improved (Jun’11: 69%, Mar’11: 67%,

Dec’10: 68%)o Domestic CASA maintained at 78%

• CAR improved from 13.7% in Jun’10 to 14.6% in Jun’11. Tier I CAR at 10.6%(Jun’10: 9.4%)

• Return on equity improved from 19.8% in FY’10 to 22.1% in HY’11

3

IncomeIncome Statement Statement (Standalone)(Standalone)( )( )PKR Bn HY'11 HY'10 Var % Q2'11 Q1'11 Var %

Interest Earned 34.06 28.48 20% 17.35 16.71 4%Interest Expensed (14.75) (11.88) -24% (7.19) (7.55) 5%

Net Interest Income 19.31 16.60 16% 10.16 9.16 11%Non Interest Income 5 90 4 73 25% 2 87 3 03 -5%Non Interest Income 5.90 4.73 25% 2.87 3.03 5%

Total Revenue 25.21 21.33 18% 13.03 12.18 7%Admin. Expenses (9.74) (8.52) -14% (5.03) (4.71) -7%

Operating Expenses (10.07) (8.79) -15% (5.23) (4.84) -8%Pre Prov. Operating Profit 15.14 12.54 21% 7.79 7.35 6%

Provision Exp./Other writeoffs (4.91) (3.98) -23% (2.58) (2.33) -10%Provision Exp./Other writeoffs (4.91) (3.98) 23% (2.58) (2.33) 10%Profit Before Tax 10.23 8.57 19% 5.22 5.01 4%Profit After Tax 6.70 5.20 29% 3.43 3.27 5%

4

IncomeIncome Statement Statement -- ConsolidatedConsolidatedPKR Bn HY'11 HY'10 Var % Q2'11 Q1'11 Var %

Interest Earned 34.49 28.82 20% 17.57 16.92 4%Interest Expensed (14.85) (11.95) -24% (7.25) (7.60) 5%

Net Interest Income 19.64 16.87 16% 10.32 9.32 11%Non Interest Income 6 05 5 09 19% 2 70 3 35 -19%Non Interest Income 6.05 5.09 19% 2.70 3.35 19%

Total Revenue 25.69 21.96 17% 13.02 12.67 3%Admin. Expenses (10.51) (9.17) -15% (5.44) (5.06) -8%

Operating Expenses (10.84) (9.44) -15% (5.64) (5.19) -9%Pre Prov. Operating Profit 14.85 12.52 19% 7.38 7.48 -1%

Provision Exp./Other writeoffs (4.91) (4.01) -23% (2.58) (2.34) -10%p ( ) ( ) ( ) ( )Profit Before Tax 9.94 8.51 17% 4.80 5.14 -7%Profit After Tax 6.41 5.13 25% 3.01 3.40 -11%

5

Share InfoShare InfoDec 2010 Jun 2011 Dec 2010 Jun 2011

Standalone Consolidated

EPS (Rs/share-annual.) 9.1 11.0 9.0 10.5 BV/share (Rs/share) 55.9 58.0 61.4 63.7 Price* - (Rs /share) 63.5 60.1 63.5 60.1 P/E 7.0x 5.5x 7.0x 5.7x P/BV 1 1 1 0 1 0 0 9P/BV 1.1x 1.0x 1.0x 0.9x # of shares 1,224M 1,224M 1,224M 1,224M* J un-11 Pric e dat e d J uly 28, 2011 & De c -10 Pric e dat e d Fe bruary 17, 2011

Dividend Payout as a % of par value of shares

Dividend Yield 2010 (based on 2010 avg. share price): 8.5%Di id d P t ( % f 2010 PAT) 55%

50%

25% 25%

10% 10%

de d ayout as a % o pa a ue o s a es

6

Dividend Payout (as a % of 2010 PAT) : 55% 30% 30%25% 25%

15%

2006 2007 2008 2009 2010 HY 2011

Cash Stock

Key RatiosKey Ratios -- BankBankyyBalance Sheet Ratios Dec-10 Jun-11 Mar-11

Advances / Depos i ts 63% 60% 67%

Asset Qual i ty 13 2% 13 9% 14 3%Asset Qual i ty 13.2% 13.9% 14.3%

Coverage 72% 76% 70%

Financial Ratios Q2 11 Q1 11 HY'11 HY'10

Yield on P. Advances 12.8% 13.1% 12.9% 12.4%

Cost of Depos its 4.3% 4.3% 4.3% 4.0%

Net Interest Margin 7.5% 7.2% 7.4% 7.1%

NCL Ratio 2.9% 2.8% 2.9% 2.3%

Return on Avg Assets 1.93% 1.93% 1.87% 1.66%

Return on Shareholders ' Equity 22 8% 22 4% 22 1% 19 5%Return on Shareholders ' Equity 22.8% 22.4% 22.1% 19.5%

P/L Ratios Q2 11 Q1 11 HY'11 HY'10

Cost to Income Ratio 38.6% 38.6% 38.6% 39.9%

7

Non Fund Inc. / Tota l Revenue 22% 25% 23% 22%

Deposits Structure Deposits Structure (Bank level)pp ( )

6.4%Cost of Deposits

Cost of DepositsCost of Deposits Deposits Deposits ‐‐ BankBank

Dec'10 Jun'11

PE - PE -

3.1%

4.2%

5.3% BankPE -

Rs.Bn COF %PE -

Rs.Bn COF %

Domestic deposits 442 4.4% 482 4.8%

International deposits 108 2.4% 112 2.3%

Total Bank 551 4 0% 594 4 3%

2.0%

Q4 08 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11

Domestic International Bank

Total Bank 551 4.0% 594 4.3%

International $ 1,263 2.4% 1,297 2.3%

Domestic CASA 78% 78%

219 37%

Rs. BillionTotal Deposits

551594

• Cost of deposits increased marginally to 4.3% due to risingrate environment and a deliberate strategy to grow thebalance sheet through acquisition of profitable, albeit highercost of deposits

• CASA deposits have increased by Rs. 41 Bn (11%) in Jun’11

340 ‐ 62% 375 ‐ 63%

211 ‐ 38%219 ‐ 37% CASA deposits have increased by Rs. 41 Bn (11%) in Jun 11

• Low cost deposits mix improved from 62% in Dec’ 10 to 63%in Jun’ 11

• Domestic deposits increased by 12% and internationaldeposits increased by 11% over Mar’11

8

Dec'10 Jun'11Low Cost Deposits Expensive Deposits

• Domestic market share of deposits increased by 50bps YoY to8.6% in Jun’11

Net AdvancesNet AdvancesNet Advances - Rs. Bn Dec'10 Jun'11

% Change

Corporate Bank 148.5 149.7 +1% 13.4% 14.0%

Commercial ** 80.7 83.5 +3% 15.1% 16.2%

Yield * FY 10 HY 11

Consumer 15.7 12.7 -19% 17.0% 19.8%

Others 7.3 6.2 -15% 6.6% 8.4%

Total Domestic 252.2 252.1 -0% 14.0% 14.9%I t ti l 81 5 81 5 0% 7 9% 7 5%International 81.5 81.5 +0% 7.9% 7.5%

Bank 333.7 333.6 -0% 12.5% 12.9%Subsidiaries 7.8 12.0 +54%

Bank - Consolidated 341.5 345.6 +1%

150 149 150180

International US$ Mn 951.7 948.6 -0%* Yield on performing advances** of which commodity advances of Rs.59Bn (Dec'10: 54Bn)

150

81 89

149

81 82

150

84 82

72

108

144

Rs B

n

24 17 16 15 13 18

‐

36

Corporate Bank Commercial Bank Consumer Bank International Others (incl subsidiaries)

Dec'09 Dec'10 Jun'119

Consumer Advances by ProductConsumer Advances by ProductRs. Bn Dec'10 Jun'11 Var. (%)

Drive 6.2 4.7 -24% 15.8% 20.5%

Yield*FY'10 HY 11

yy

Address 2.4 1.8 -22% 19.9% 23.5%Credit Card 2.2 2.1 -5% 21.5% 22.6%Cashline 2.1 1.9 -8% 12.9% 15.4%Businessline 2.6 2.0 -24% 14.8% 16.7%Money 0.3 0.2 -38% 36.8% 28.9%Total 15.7 12.7 -19% 17.0% 19.8%

11

10

12

Dec'09 Dec'10 Jun'11

3 3 3 3

1

6

2 2 2 3

5

2 2 2 2 2

4

6

8

Rs.

B

0 0 0

Drive Address Credit Card Cashline Businessline Money

10

International AdvancesInternational AdvancesBy Geography

Qatar 12%Yemen, 8%

By Business - UAE

Bahrain, 9%

Qatar, 12%

NewYork, 0%

EPZ, 0% Corporate, 65%

UAE, 71%Consumer, 22%

Others, 13%

Abu Sharjah

Personal loan, 17%

Others 2%Dhabi,

27%

Sharjah, 9%

Baitna 81%

Others, 2%

11

Dubai, 64%

Baitna, 81%

Spread Analysis Spread Analysis –– Bank LevelBank LevelBank HY 2011 HY 2010

Rs Bn PE AVG IEAvg.Yield

/Cost PE AVG IEAvg.Yield

/Cost

Avg KIBOR - 3M 13.5% 12.3%Interest Earning Assets

P f i Ad 313 304 19 5 12 9% 325 321 19 8 12 4%

p yp y

Performing Advances 313 304 19.5 12.9% 325 321 19.8 12.4%Corporate 135 135 9.3 14.0% 136 138 9.2 13.4%Commercial 23 21 1.7 15.8% 24 24 1.7 13.9%Commodity 59 50 4.0 16.3% 60 50 3.8 15.2%Consumer 12 13 1.3 19.8% 18 20 1.6 16.6%International 80 80 3.0 7.5% 81 81 3.2 8.0%Others (staff, IMB) 5 6 0.2 8.4% 7 8 0.4 9.0%

Investments (earning) 230 198 11.8 12.0% 133 109 5.7 10.6%Corporate Bonds (TFC) 29 28 2.2 15.6% 29 27 1.9 14.2%Lending To Financial Institution 14 14 0.4 6.5% 12 14 0.7 10.3%Others 11 13 0.2 2.4% 20 17 0.3 3.4%Total int. earning assets (a) 597 556 34.1 12.4% 520 488 28.5 11.8%g ( )

Non earning assets 150 127 - 0.0% 125 109 - 0.0%Total Assets (A) 747 683 34.1 10.1% 645 597 28.5 9.6%Interest bearing liabilities

Total deposits 594 543 (11.5) 4.3% 500 463 (9.2) 4.0%Core Deposits 519 466 (7.1) 3.1% 444 397 (5.9) 3.0%Unisaver Plus 39 40 (2.1) 10.6% 28 35 (1.6) 9.1%Unisaver Plus 39 40 (2.1) 10.6% 28 35 (1.6) 9.1%UTTIP 36 37 (2.3) 12.4% 28 31 (1.7) 11.4%

Subordinated Debts - TFC 12 12 (0.8) 12.7% 12 12 (0.7) 11.7%Swap cost (net) - - (0.4) 0.0% - - (0.4) 0.0%Borrowings 46 40 (2.1) 10.6% 48 41 (1.6) 7.9%Total interest bearing liab (b) 652 595 (14.7) 5.0% 559 515 (11.9) 4.6%

Non int bearing liab ilities & equity 96 88 0 0% 86 81 0 0%Non int. bearing liab ilities & equity 96 88 - 0.0% 86 81 - 0.0%Total Liabilities+Equity (B) 747 683 (14.7) 4.4% 645 597 (11.9) 4.0%Net Interest Margin (a-b) - - 19.3 7.4% - - 16.6 7.1%Spread (A-B) - 5.7% - 5.6%

12

ConcentrationConcentration of Advances of Advances -- StandaloneStandalone

Airlines, 2%Trading,

4%

Agribusiness, 15%

,

Automobile & Trans. Equip., 1%

Cement, 1%Telecom, 3%

Textile, 15%

Chemical and pharmaceuticals, 2%

Contractor /

Sugar, 4%

/Constructor, 6%

Fertilizer, 2%

Prod. & Transmission Energy, 12%

Financials, 2%

Food, 3%Individuals, 13%

Others, 15%

13

Non MarkupNon Markup / Return / Interest Income/ Return / Interest IncomeNon Fund Income - Rs. Mn HY'11 HY'10 Var % Q2'11 Q1'11 Var %Fee, commission and brokerage income 3,280 3,108 6% 1,681 1,599 5%

Dividend income 322 278 16% 221 101 118%

Income from dealing in foreign currencies 1,076 692 55% 326 749 -56%

Gain / (loss) on sale of securities 145 118 23% (35) 180 -120%

Other income 1,076 533 102% 680 396 72%

Total Non Fund Income 5,899 4,728 25% 2,872 3,026 -5%

14

Fee CommissionFee Commission and Brokerage Incomeand Brokerage IncomeFee Commission Income - Rs. Mn HY'11 HY'10 Var % Q2'11 Q1'11 Var %Commission on trade 771 828 -7% 365 406 -10%Commission on consumer loan 454 490 -7% 222 232 -4%Commission on consumer loan 454 490 -7% 222 232 -4%Commission on remittance / Uniremote 413 420 -2% 189 224 -16%Corporate service charges/finance fee 339 303 12% 193 146 31%Comm. on ATM / utility / cheque books 335 309 8% 183 152 20%y qMinimum balance charges 189 221 -14% 106 83 29%Commission on home remittance 197 149 32% 107 89 20%Commission on cash management 115 106 9% 69 46 50%Commission income - Bancassurance 105 51 107% 62 44 41%Commission others 362 232 56% 184 177 4%Total 3,280 3,108 6% 1,681 1,599 5%

15

AdministrativeAdministrative ExpensesExpensesppAdministrative Expenses-Mn HY'11 HY'10 Var % Q2'11 Q1'11 Var %Personnel Cost 4,158 3,764 -10% 2,074 2,084 0%Premises Cost 1,536 1,413 -9% 807 729 -11%Outsourced service charges including sales commission

754 654 -15% 392 362 -8%

Advertisement and publicity 305 171 -78% 177 128 -38%Communications 385 353 -9% 187 198 6%Communications 385 353 9% 187 198 6%Depreciation 610 587 -4% 309 301 -3%Legal and professional charges 107 152 30% 69 38 -84%Banking service charges 377 276 -37% 208 169 -23%Stationery and printing 203 193 -6% 104 99 -5%Travelling 129 77 -69% 70 60 -17%Cash transportation charges 156 131 -18% 80 76 -5%R i d i t 73 47 54% 43 30 43%Repairs and maintenance 73 47 -54% 43 30 -43%Maintenance contracts 301 195 -54% 163 137 -19%Vehicle expenses 72 58 -23% 38 34 -10%Office running expenses 135 105 -29% 69 66 -4%

16

Office running expenses 135 105 29% 69 66 4%Others 443 339 -30% 246 196 -26%Total 9,742 8,516 -14% 5,034 4,708 -7%

EE--banking Statisticsbanking StatisticsggE-Banking Jun'11 Jun'10 % Change 2010 2009

# of ATMs 468 413 13% 436 412

# of Transactions (Mn) 10 0 8 3 20% 16 4 14 6# of Transactions (Mn) 10.0 8.3 20% 16.4 14.6

Average transactions per day 55k 46k 20% 45k 40k

Total transaction amount (Rs Bn) 60 49 24% 101 84

Average transaction size (Rs 000) 6 0 5 9 3% 6 1 5 7Average transaction size (Rs 000) 6.0 5.9 3% 6.1 5.7

Average monthly trans.per ATM (Rs Mn) 22 20 9% 19 17

Internet BankingUsers 97 286 76 561 27% 82 082 70 834Users 97,286 76,561 27% 82,082 70,834

Total # of transactions (000) 410 296 38% 615 450

Total transaction amount (Rs 000) 55,592 30,634 81% 67,895 22,403

Average transaction size (Rs 000) 136 103 31% 110 50

Click N RemitUsers 33,620 29,540 14% 32,607 28,379

Total # of transactions (000) 35 36 -2% 76 74

17

Total transaction amount (US$ Mn) 27 27 0% 58 56 Average transaction size (US$) 782 769 2% 767 759

Financial ratiosFinancial ratios –– Consolidated Consolidated (1/3)(1/3)( )( )Full Year QTD (A nnua lize d)

2008 2009 2010 Jun'11 Dec-10 Mar-11 Jun-11

Spread 1 5 1% 5 5% 5 5% 5 7% 5 5% 5 5% 5 9%

DuPont

Spread 5.1% 5.5% 5.5% 5.7% 5.5% 5.5% 5.9%Net Interest Margin 2 6.1% 6.9% 7.1% 7.4% 7.2% 7.2% 7.5%Non Interest Yield 3 1.9% 2.1% 1.6% 1.6% 1.8% 1.9% 1.5%Admin Exp./Avg Assets 2.9% 2.8% 2.8% 2.8% 3.0% 2.8% 2.9%Cost Income Ratio 42.1% 38.5% 41.7% 40.9% 42.1% 40.0% 41.8%Loan Loss / Assets 1.0% 1.9% 1.2% 1.3% 1.1% 1.3% 1.4%Loan Loss / RWA 4 1.2% 2.4% 1.6% 1.9% 1.5% 1.8% 2.0%Effective TaxRate 39.9% 34.2% 37.7% 35.5% 36.3% 34.0% 37.2%Effective Tax Rate 39.9% 34.2% 37.7% 35.5% 36.3% 34.0% 37.2%Pre-Provision ROA 5 2.3% 2.9% 2.4% 2.6% 2.5% 2.8% 2.5%ROA 1.4% 1.5% 1.6% 1.7% 1.8% 1.9% 1.6%Return on RWA 1.8% 2.0% 2.1% 2.4% 2.4% 2.6% 2.3%

6Pre-Provision ROE 6 31.3% 34.9% 26.0% 28.5% 27.4% 30.2% 27.8%ROE 19.7% 18.0% 17.7% 19.0% 19.2% 20.7% 18.1%

Formulas

18

1. Net interest income / average assets 4. Risk weighted assets2. Net interest income / average earning assets 5. Return on avg. assets (before net provisions)

3. Non interest income / average assets 6. Return on average equity (before net provisions)

Financial ratiosFinancial ratios –– Consolidated Consolidated (2/3)(2/3)( )( )Full Year QTD (A nnua lize d)

2008 2009 2010 Jun'11 Dec-10 Mar-11 Jun-11

G NPL / G L 7 2% 10 3% 12 9% 13 4% 12 9% 13 9% 13 4%

Asset Quality

Gross NPLs / Gross Loan 7.2% 10.3% 12.9% 13.4% 12.9% 13.9% 13.4%Net NPLs / Gross Loan 2.2% 3.0% 4.0% 3.5% 4.0% 4.1% 3.5%Coverage Ratio 69.3% 70.9% 71.9% 75.7% 71.9% 70.3% 75.7%Prov. held / Gross loan 5.0% 7.3% 9.3% 10.2% 9.3% 9.8% 10.2%Net Credit Loss ratio 1.9% 3.3% 2.2% 2.7% 2.2% 2.7% 2.8%

Full Year QTD (A nnua lize d)Growth2008 2009 2010 Jun'11 Dec-10 Mar-11 Jun-11

Growth in Loan Book 22.6% -4.3% -5.7% 1.2% -0.7% 0.5% 0.7%Growth in Deposits 19.6% 2.3% 12.7% 7.6% 11.9% -3.8% 11.8%Gross Revenue 14 0% 16 6% -1 4% 17 0% 9 0% 2 9% 2 8%

Growth

Gross Revenue 14.0% 16.6% -1.4% 17.0% 9.0% 2.9% 2.8%Operating Expenses 17.0% 6.7% 6.6% 14.7% 11.0% -2.4% 7.7%Pre-provision Oper.Profit 11.9% 23.8% -7.2% 18.7% 7.7% 7.7% -1.4%Provision exp.+ Other prov. 23.5% 64.5% -39.2% 22.6% -4.3% 13.4% 10.3%

19

Profit Before Tax 1.9% 2.4% 22.9% 16.8% 13.7% 5.3% -6.7%Profit After Tax -8.6% 12.3% 16.1% 25.0% 11.9% 9.1% -11.2%

Financial ratiosFinancial ratios –– Consolidated Consolidated (3/3)(3/3)( )( )Yearly

2008 2009 2010 Jun'11 Dec-10 Mar-11 Jun-11

C i l Ad R i 10 4% 14 0% 15 0% 15 5% 15 0% 14 7% 15 5%

QTD (A nnua lize d)Other Metrics

Capital Adequacy Ratio 10.4% 14.0% 15.0% 15.5% 15.0% 14.7% 15.5%Tier-I CAR 6.1% 9.5% 10.4% 10.8% 10.4% 10.2% 10.8%Loan / Deposits 77.3% 73.7% 62.8% 59.9% 62.8% 66.2% 59.9%Loan / Total Assets 58 3% 53 7% 47 1% 44 7% 47 1% 48 7% 44 7%Loan / Total Assets 58.3% 53.7% 47.1% 44.7% 47.1% 48.7% 44.7%RWA / Total Assets 77.0% 75.9% 72.7% 67.8% 72.7% 73.8% 67.8%Average Headcount (St.)2

9,192 8,639 8,474 8,307 8,426 8,476 8,414

Personnel cost /

Yield on Earning Assets 3 11.0% 12.3% 11.8% 12.4% 12.2% 12.4% 12.3%Cost of Funds 4 4.9% 5.4% 4.7% 5.0% 5.0% 5.2% 4.8%

997.7 969.3 910.9895.4Personnel cost / Headcount (000) (St.)

879.3 999.8764.2

Yield on Performing Adv 12.1% 13.3% 12.5% 12.9% 12.7% 13.1% 12.8%Cost of Deposits 4.3% 4.8% 4.0% 4.3% 4.2% 4.3% 4.3%Formulas

20

2. Permanent Staff3. Earning assets incl bal.with other banks, lending to F.I., investments & perf adv4. Funds includes deposits, borrowings & sub-ordinated loans

QuarterlyQuarterly Trend AnalysisTrend Analysisyy yyBank Level

21

Profit beforeProfit before TaxTax

7.0

4 8 5.0 5.25 2

6.1

3.9 4.1 4.3 4.3 4.44.8

4.3

5.2

Rs

Bn

2.83.2

2 5

3.4

2.5 Mar 09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11

22

Profit after Profit after TaxTax

5.0

3 3 3.43 6

4.3

2.52.8 2.8

2.42.9

3.1 3.3

2.9

3.6

Rs

Bn

1.82.1

1 5

2.2

1.5 Mar 09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11

23

DepositsDepositspp

650

551529

594

550

600

469

509

452

492

451

500 491

529

500

550

Rs

Bn

452 451

400

450

400 Mar 09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11

24

Net AdvancesNet Advances

368380

360

368

352 354358

369

352

343

335 334

347

358

Rs

Bn

331335 334 334 334

325

336

325 Mar 09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11

25

Net Interest IncomeNet Interest Income

11.0

9 1 9 2

10.2 10.2

7 98.2

9.1

8.2 8.4 8.5 9.0 9.2

8.6

9.4

Rs

Bn

7.9 7.7

7 0

7.8

R

7.0 Mar 09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11

26

Net Provision *Net Provision *

4 76.0

4.7

2 73.03.6

4.8

2.22.7

2.1 2.0 2.21.8

2.3 2.6

2.4

3.6

Rs

Bn

-

1.2

* Excluding other operational Write* Excluding other operational Write‐‐offsoffs

Mar 09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11

Excluding other operational Write Excluding other operational Write‐‐offsoffs

27

Non Fund IncomeNon Fund Income

5.04.0

2 8 3.0 2 93 4

4.2

2.2 2.03.2 2.4 2.4 2.6

2.8 2.9

2.6

3.4

Rs

Bn

1.0

1.8

Mar 09 Jun-09 Sep-09Dec-09 Mar-10 Jun-10 Sep-10Dec-10 Mar-11 Jun-11

28

GrossGross RevenueRevenue

13.013.5

11.7

12.311.9

12.2

11 9

12.7

10.711.1

11.1

11.9

Rs

Bn

10.1

10.310.6

9 5

10.3

9.5 Mar 09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11

29

AdministrativeAdministrative ExpensesExpensespp

5 4

4.94.7

5.05.1

5.4

4 2 4.24.3

4 1

4.4 4.4

4.7

4.4

4.8

Rs

Bn

3.94.2 4.1

3.8

4.1

3.8 Mar 09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11

30

The information contained herein reflects our latest business statement as ate o a o co a ed e e e ec s ou a es bus ess s a e e as aJune 30, 2011

Except the historical information contained herein, statements in this Releasewhich contain words or phrases such as ‘will’, ‘would’, ‘indicating’ expected to’etc., and similar expressions or variations of such expressions may constitute‘forward-looking statements’. These forward-looking statements involve a

b f i k i i d h f h ld l lnumber of risks, uncertainties and other factors that could cause actual results todiffer materially from those suggested by the forward-looking statements. Theserisks and uncertainties include, but are not limited to our ability to successfullyimplement our strategy future levels of non performing loans our growth andimplement our strategy, future levels of non-performing loans, our growth andexpansion in business, the impact of any acquisitions, the adequacy of ourallowance for credit losses, technological, implementation and changes, theactual growth in demand for banking products and services investment incomeactual growth in demand for banking products and services, investment income,cash flow projections, our exposure to market risks as well as other risksdetailed in the reports filed by us with various regulatory authorities as perapplicable laws and regulations. UBL undertakes no obligations to update

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pp g g pforward-looking statements to reflect event or circumstances after the datethereof.

Thank YouThank You

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