Thursday, July 23 2026

UBL posts 33% profit, declares Rs16 dividend
United Bank Limited (PSX: UBL) recorded a robust 33% increase in its net profit for the half year ended June 30, 2026, with profit after taxation climbing to Rs85.91bn from Rs64.73bn in the corresponding period last year. Showing this strong bottom-line growth, the bank's earnings per share (EPS) expanded to Rs34.3 from Rs26.07 in 1HFY25. The top-line performance showed healthy momentum, with total income rising 26% year-on-year to Rs263.51bn from Rs208.48bn in the prior period. The core banking spread showed steady improvement, with mark-up/return/interest earned rising 18% to Rs665.03bn.
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Related symbols: ubl (news stock)

Meezan Bank leads bulk eIPO subscription payments
Meezan Bank has become the first bank in Pakistan to roll out an Enhanced Bulk eIPO Subscription Payments Solution for the Central Depository Company of Pakistan (CDC). This enables seamless and efficient eIPO subscription payments for Roshan Digital Account (RDA) customers. The solution has also been extended to brokerage houses through CDC's Master TREC Module in the Centralized eIPO System (CES) via the Meezan Corporate Portal, allowing bulk eIPO subscription payment files containing multiple transactions to be processed in a single step. This replaces the previously manual process and significantly enhances efficiency, accuracy and the overall customer experience, according to a press release issued.
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Related symbols: mebl (news stock)

Tuesday, July 21 2026

Bank deposit rate falls by 29bps in Jun
The return on bank deposits has decreased by 29 basis points to 4.05% in June 2026 compared to the deposit rate of 4.34% last month, according to the latest official data. On a yearly basis, the weighted average rate paid for deposits by the banking sector has decreased by 872bps compared to the return of 12.77% last year. Meanwhile, the lending rate for all scheduled banks stood at 12.03%, down 15bps compared to May. While it rose 36bps compared to the same month of last year. Accordingly, the banking sector spread increased by 14bps to 799bps in June 2026 compared to a spread of 784bps last month. After adjusting for inflation, the real deposit rate remained in negative territory at minus 2.99% in June, deteriorating from minus 2.06% in May and minus 1.14% recorded a year earlier.
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Bank deposits surge 15% in May
he total deposits held by scheduled banks have moved up by 15.07% YoY to Rs37.64 trillion in May 2026 compared to Rs32.72tr in May 2025. According to the numbers based on the weekly Statement for May 29, 2026 by SBP, Banks' deposits have edged lower by -0.62% MoM, compared to Rs37.88tr in April 2026. Total advances increased by 13.04% to Rs14.72tr compared to Rs13.02tr from a year ago. On a monthly basis, advances increased by 0.37% from their value of Rs14.67tr in April 2026. Advances to Deposit Ratio (ADR) stood at 39.11% showing a decrease of 70 bps on a yearly basis, while showing an increase of 39 bps on a monthly basis.
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Monday, July 20 2026

HBL wins ‘Pakistan’s Best Bank 2026’ award by Euromoney
Euromoney Awards for Excellence 2026 has awarded HBL the accolade of ‘Pakistan’s Best Bank’. The Bank has also won ‘Pakistan’s Best Retail Bank’, ‘Pakistan’s Best Bank for Sustainable Finance’, ‘Pakistan’s Best for Capital Markets Advisory’, and ‘Pakistan’s Best Investment Bank for M&A’. Euromoney is a global English-language publication focused on business and finance. These awards are the most prestigious recognition in the banking industry, globally. The Euromoney citation acknowledges that “Habib Bank Limited (HBL) is recognized as Pakistan’s best bank for 2026, reflecting its market leadership, scale and consistent delivery across retail, corporate, investment and private banking segments, underpinned by strong financial performance and nationwide reach.” The citation went on to note, “The bank played a pivotal role in national development, advising on Pakistan’s inaugural panda bond and supporting major infrastructure projects.”
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Related symbols: hbl (news stock)