LAHORE – The UBL has announced its 1HCY12 result, posting earning of Rs 9.3 billion compared to 1HCY11 earnings of Rs 6.7 billion .Along with the result, the bank has also announced interim dividend of Rs 2.0 per share, taking the total dividend to Rs3 per share till 1HCY12. Bank’s total provisioning against NPLs stood at Rs 960m compared to Rs 4.4b last year during the same period. In 2Q alone, provisioning amount was only Rs 353m.UBL’s non-interest income has declined by 12 per cent QoQ to Rs 3.6b in 2Q, taking the total non-interest income in 1HCY12 to Rs 7.7b compared with PKR 5.9b in the corresponding period last year. This growth was primarily on account of Rs 1.4b dividend income.Administrative expenses rose by 16 per cent in 1HCY12 amounting to Rs 11.3bn as compared to 1HCY11 Rs 9.7bn. The bank is currently trading at CY12 P/B of 1.24 and offering a dividend yield of 9 per cent.