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Smart Money

Comparison

National Bank of Pakistan vs United Bank Limited

United Bank Limited (UBL) is worth Rs 1.03 tn at the latest close, 3.1 times the market value of National Bank of Pakistan (NBP) at Rs 336.6 bn. In their latest annual results NBP reported revenue of Rs 318.1 bn (FY2025) and UBL Rs 412.1 bn (FY2025). NBP trades at 4.5× earnings and UBL at 7.9×. Dividend yields: NBP 22.1%, UBL 7.2%.

NBP and UBL compared
Latest NBP FY2025 UBL FY2025
Price Rs 158.23 Rs 412.53
Market value Rs 336.6 bn Rs 1.03 tn
P/E 4.5× (stronger) 7.9×
P/B 0.72× (stronger) 2.04×
Dividend yield 22.1% (stronger) 7.2%
Revenue (latest year) Rs 318.1 bn Rs 412.1 bn
Revenue growth, year on year 32.8% 65.9% (stronger)
Revenue growth, 5 years a year 18.2% 34.6% (stronger)
Profit (latest year) Rs 85.0 bn Rs 130.0 bn (stronger)
EPS (latest year) Rs 39.97 Rs 52.13
Dividend per share Rs 35.00 Rs 29.50
Net margin 27.0% 31.5% (stronger)
Return on equity 17.0% 31.5% (stronger)
Debt to equity 319.6% (stronger) 1,313.7%
Dividend streak (years) 2 20 (stronger)

Highlighted: the higher figure where higher is usually stronger (growth, margins, returns, yield) or the lower where lower is (P/E, P/B, debt). A highlight is a comparison, not a recommendation.

Revenue by fiscal year NBP UBL
Revenue by fiscal year Rs 412 bn NBP FY2016: Rs 84.9 bn UBL FY2016: Rs 82.2 bn FY2016 NBP FY2017: Rs 85.6 bn UBL FY2017: Rs 80.8 bn FY2017 NBP FY2018: Rs 96.3 bn UBL FY2018: Rs 81.9 bn FY2018 NBP FY2019: Rs 104.2 bn UBL FY2019: Rs 83.1 bn FY2019 NBP FY2020: Rs 138.0 bn UBL FY2020: Rs 93.4 bn FY2020 NBP FY2021: Rs 134.6 bn UBL FY2021: Rs 96.3 bn FY2021 NBP FY2022: Rs 154.2 bn UBL FY2022: Rs 133.6 bn FY2022 NBP FY2023: Rs 210.9 bn UBL FY2023: Rs 166.0 bn FY2023 NBP FY2024: Rs 239.6 bn UBL FY2024: Rs 248.5 bn FY2024 NBP FY2025: Rs 318.1 bn UBL FY2025: Rs 412.1 bn FY2025
Profit by fiscal year NBP UBL
Profit by fiscal year Rs 130 bn NBP FY2016: Rs 23.0 bn UBL FY2016: Rs 27.8 bn FY2016 NBP FY2017: Rs 23.2 bn UBL FY2017: Rs 25.9 bn FY2017 NBP FY2018: Rs 19.9 bn UBL FY2018: Rs 15.5 bn FY2018 NBP FY2019: Rs 16.6 bn UBL FY2019: Rs 19.1 bn FY2019 NBP FY2020: Rs 30.5 bn UBL FY2020: Rs 20.9 bn FY2020 NBP FY2021: Rs 28.6 bn UBL FY2021: Rs 30.4 bn FY2021 NBP FY2022: Rs 30.8 bn UBL FY2022: Rs 31.5 bn FY2022 NBP FY2023: Rs 53.1 bn UBL FY2023: Rs 55.1 bn FY2023 NBP FY2024: Rs 26.0 bn UBL FY2024: Rs 75.2 bn FY2024 NBP FY2025: Rs 85.0 bn UBL FY2025: Rs 130.0 bn FY2025

Prices at the latest close; financial figures from each company's latest annual report. Information only, not investment advice.