No. 13



UBK's Post-Tax Profits Up 40%

On the balance sheet, while the loan book grew by 3% to740mn, UBK's total assets fell by 5% to 1,754mn as a result of lowerplacements of interbank assets - down 30% at 303mn. On the liabilities side the lasttwo years have seen a shift in funding from customer deposits, which fell to 732mn,to the interbank market where borrowings grew to 755mn, an increase of 12% against ayear earlier. This means that UBK's interbank...