Write a one page review summary of financial analysis of UBL from the above article/picture. word limit: 2000 words Answer must be in own words.

UBL posts strong profits of over Rs. 34 billion in 2020 UBL reported Profit After Tax of However non-mark up Income the home remittance space, award recognizes UBL's position Rs. 20.9 billion for the financial picked up during the last with an average market share of as Pakistan's leading progressive year ended 2020, which was 9% quarter of the year, as business over 23% in 2020, maintaining and innovative Bank higher than 2019. These results momentum is now returning to its status as the preferred were delivered by the highly pre-COVID levels. partner of the Pakistan diaspo Furthermore, UBL was recognized dedicated UBL team which has ra for home remittances. As part as the "Sank of the Year 2020 worked with the utmost UBL's asset base stood at over of State Bank of Pakistan's Pakistan" at the Banker Awards. discipline and perseverance Rs. 20 trillion at Dec 20 (SBP) efforts to provide the Banker is an affilate of the despite the challenges from growing by % over Dec 19. non-resident Pakistanis (NAPS Financial Times UK and is the COVID-19. The Bank the domestic franchise remains with basic banking and world's leading financial publice- maintained strong payouts to the core of the UBL brand investment opportunities within Hon. The award recognizes UBL'S shareholders, declaring Branch banking continued Is Pakistan, UBL has been playing excellence in performance, adding dividends of Rs. 14.7 bilion for strong momentum. with 17% a leading role in supporting the customer value, Innovation and the year 2020 (Rs. 12.0 per growth in deposits which stood Roshan Digital Account leadership in society, particularly share). The Bank's capital at Rs. 1.4 trillion. The bank initiative. For its efforts, UBL has during extraordinary times due to position remains strong and added over 571,000 new to been recognized for the highest the current pandemic UBL has provides a solid foundation to bank customers within current number of Roshan Digital won this award for the fourth time support future business accounts, which enabled the accounts opened in 2020 by the this decade which is a testament axpansion. The Capital Adeque domestic bank to record a 13% Government of Pakistan. to the bank's efforts in expanding cy Ratio (CAR) was measured at growth in average current the scope of financial services in 24.4% as at December 31, deposits, UBL is the Pakistan as a core strategy and 2020., an excess of 11.9% over which stod "Our focus is on enhancing pioneer in the spearheading innovation. the applicable minimum local banking billion in performance across our regulatory requirements Mr. Shazad G. Dada, President & industry in 2020. The core businesses and providing challenges brought about by the CEO of UBL said, "Despite the UBL maintains one of the largest savings building greater operational State of the networks in Pakistan. The bank portfollo art pandemic, UBL delivered solid digital efficiencies and agility serves over 10 million custom- stood at Rs. results. Our strong balance sheet banking across the organization." ors nationwide, through its 544 billion services. The gives us the foundations for future footprint of 1,356 branches, in 20 with banks digital growth. We will build on our including 100 Islamic branches, Mr. Shazad, Dada, President & 15% growth award-winning digital proposition strategy is 1,442 ATMs and over 35,000 In averages CEO UBL contored Introducing Innovative banking "UBL. Omni' dukaans. The The Bank around making solutions. Our focus is on enhanc network is well supported by our maintained strong CASA ratio of banking easier and accessible ing performance across our core businesses and building greater UBL Digital app serving over 1.5 bank's net advances stood at and convenient manner. For its operational efficiencies and splity million customers today. Rs. 530 billion as at December role in spearheading innovation across the organization. I am 31, 2020, down 17% over the in the Pakistani barking spaceshown great resilience to maintain proud of the way our people have Overall gross revenues stood at previous your. UBL'S govern- UBL was declared Padstan's Rs. 92.1 billion for 2020, ment securities holdings grow Best Digital Bank for 2020 by service during the pandemic. They the highest level of customer growing by 10% over 2019. The to over Rs. 1.0 trillion with As Aslanoney, an associate of bank recorded a strong year on 576 billion invested in fixed and Euromoney. are our greatest asset and we will year growth of 21% in net floating rete Pakistan continue to invest in their develop- markup Income which stood at Investment Bonds and Rs. 345 UBL was also deciaved the ment and wellbeing. Customer Rs. 75.0 billion for 2020, bilion deployed within Treasury Best Digital Bank' at the 2020 contricity is at the heart of Non-markup Income stood at Bills. This enabled the bank to Pakistan Banking Awards. The everything we do, and we are Rs. 17.1 billion for 2020, down maintain healthy mark-up year has seen UBL work on committed to providing market 21 compared with last year, Income in 2020 Innovative ventures to bring leading services to our ever-grow- lower mainly due to the CVID about many customer centric ing customer base." led slowdown in fee earnings. UBL, maintained its leadership in technological offerings. The Advertorial DO bom UBL posts strong profits of over Rs. 34 billion in 2020 UBL reported Profit After Tax of However non-mark up Income the home remittance space, award recognizes UBL's position Rs. 20.9 billion for the financial picked up during the last with an average market share of as Pakistan's leading progressive year ended 2020, which was 9% quarter of the year, as business over 23% in 2020, maintaining and innovative Bank higher than 2019. These results momentum is now returning to its status as the preferred were delivered by the highly pre-COVID levels. partner of the Pakistan diaspo Furthermore, UBL was recognized dedicated UBL team which has ra for home remittances. As part as the "Sank of the Year 2020 worked with the utmost UBL's asset base stood at over of State Bank of Pakistan's Pakistan" at the Banker Awards. discipline and perseverance Rs. 20 trillion at Dec 20 (SBP) efforts to provide the Banker is an affilate of the despite the challenges from growing by % over Dec 19. non-resident Pakistanis (NAPS Financial Times UK and is the COVID-19. The Bank the domestic franchise remains with basic banking and world's leading financial publice- maintained strong payouts to the core of the UBL brand investment opportunities within Hon. The award recognizes UBL'S shareholders, declaring Branch banking continued Is Pakistan, UBL has been playing excellence in performance, adding dividends of Rs. 14.7 bilion for strong momentum. with 17% a leading role in supporting the customer value, Innovation and the year 2020 (Rs. 12.0 per growth in deposits which stood Roshan Digital Account leadership in society, particularly share). The Bank's capital at Rs. 1.4 trillion. The bank initiative. For its efforts, UBL has during extraordinary times due to position remains strong and added over 571,000 new to been recognized for the highest the current pandemic UBL has provides a solid foundation to bank customers within current number of Roshan Digital won this award for the fourth time support future business accounts, which enabled the accounts opened in 2020 by the this decade which is a testament axpansion. The Capital Adeque domestic bank to record a 13% Government of Pakistan. to the bank's efforts in expanding cy Ratio (CAR) was measured at growth in average current the scope of financial services in 24.4% as at December 31, deposits, UBL is the Pakistan as a core strategy and 2020., an excess of 11.9% over which stod "Our focus is on enhancing pioneer in the spearheading innovation. the applicable minimum local banking billion in performance across our regulatory requirements Mr. Shazad G. Dada, President & industry in 2020. The core businesses and providing challenges brought about by the CEO of UBL said, "Despite the UBL maintains one of the largest savings building greater operational State of the networks in Pakistan. The bank portfollo art pandemic, UBL delivered solid digital efficiencies and agility serves over 10 million custom- stood at Rs. results. Our strong balance sheet banking across the organization." ors nationwide, through its 544 billion services. The gives us the foundations for future footprint of 1,356 branches, in 20 with banks digital growth. We will build on our including 100 Islamic branches, Mr. Shazad, Dada, President & 15% growth award-winning digital proposition strategy is 1,442 ATMs and over 35,000 In averages CEO UBL contored Introducing Innovative banking "UBL. Omni' dukaans. The The Bank around making solutions. Our focus is on enhanc network is well supported by our maintained strong CASA ratio of banking easier and accessible ing performance across our core businesses and building greater UBL Digital app serving over 1.5 bank's net advances stood at and convenient manner. For its operational efficiencies and splity million customers today. Rs. 530 billion as at December role in spearheading innovation across the organization. I am 31, 2020, down 17% over the in the Pakistani barking spaceshown great resilience to maintain proud of the way our people have Overall gross revenues stood at previous your. UBL'S govern- UBL was declared Padstan's Rs. 92.1 billion for 2020, ment securities holdings grow Best Digital Bank for 2020 by service during the pandemic. They the highest level of customer growing by 10% over 2019. The to over Rs. 1.0 trillion with As Aslanoney, an associate of bank recorded a strong year on 576 billion invested in fixed and Euromoney. are our greatest asset and we will year growth of 21% in net floating rete Pakistan continue to invest in their develop- markup Income which stood at Investment Bonds and Rs. 345 UBL was also deciaved the ment and wellbeing. Customer Rs. 75.0 billion for 2020, bilion deployed within Treasury Best Digital Bank' at the 2020 contricity is at the heart of Non-markup Income stood at Bills. This enabled the bank to Pakistan Banking Awards. The everything we do, and we are Rs. 17.1 billion for 2020, down maintain healthy mark-up year has seen UBL work on committed to providing market 21 compared with last year, Income in 2020 Innovative ventures to bring leading services to our ever-grow- lower mainly due to the CVID about many customer centric ing customer base." led slowdown in fee earnings. UBL, maintained its leadership in technological offerings. The Advertorial DO bom