UBL Financial Statements - United Bank Limited

U N I T E D B A N K L I M I T E DThe Bank also continues to invest in people and technology as part of its process ofcontinuously strengthening the risk management function.AuditorsThe present auditors M/S. Ernst & Young Ford Rhodes Sidat Hyder, Chartered Accountants andM/S. BDO Ebrahim & Co., Chartered Accountants retire and being eligible, offer themselves forre-appointment in the forthcoming Annual General Meeting.ConclusionIn conclusion, I extend my thanks and appreciation to UBL shareholders and customers as wellas to my fellow members of the Board of Directors for their trust and support. Weacknowledge the efforts and dedication demonstrated by our staff and would also like toexpress our earnest appreciation to the Government, the State Bank of Pakistan, the Securities& Exchange Commission and other regulatory bodies for their continued support.For and on behalf of the Board,Nahayan Mabarak Al NahayanChairmanAbu DhabiFebruary 21, 2012