Notes to and forming part of the Unconsolidated Financial Statements

138
For the year ended December 31, 2018

47.2.4.1 Mismatch of interest rate sensitive assets and liabilities

2018
Effective Exposed to yield / interest rate risk Non-interest
yield / Over 1 Over 3 Over 6 Over 2 Over 3 Over 5 bearing
Total Upto 1 Over 1 year Over 10

United Bank Limited

interest month to 3 months to 6 months to 1 years to 3 years to 5 years to 10 financial
month to 2 years years
rate months months year years years years instruments
% ----------------------------------------------------------------------------------------------------- (Rupees in '000) -----------------------------------------------------------------------------------------------------
On-balance sheet financial instruments

Assets
Cash and balances with treasury banks 0.13% 183,467,358 17,755,203 - - - - - - - - 165,712,155
Balances with other banks 2.98% 23,345,698 6,941,583 7,508,775 2,777,240 - - - - - - 6,118,100
Lendings to financial institutions 5.38% 33,941,546 28,374,927 5,566,619 - - - - - - - -
Investments 7.42% 786,375,326 172,967,388 81,281,141 65,392,596 67,917,169 90,116,152 84,905,076 76,741,411 113,687,053 5,596,807 27,770,533
Advances 7.03%
Performing 703,268,035 193,486,562 328,816,100 169,884,411 4,869,179 371,516 233,383 1,014,281 1,244,205 3,348,398 -
Non-performing 12,668,696 - - - - - - - - - 12,668,696
Other assets 0.00% 61,816,055 - - - - - - - - - 61,816,055
1,804,882,714 419,525,663 423,172,635 238,054,247 72,786,348 90,487,668 85,138,459 77,755,692 114,931,258 8,945,205 274,085,539
Liabilities
Bills payable 0.00% 27,249,136 - - - - - - - - - 27,249,136
Borrowings 5.80% 268,124,033 166,629,536 42,005,642 16,899,220 18,830,189 21,922,744 - - - - 1,836,702
Deposits and other accounts 2.86% 1,366,060,048 572,876,771 63,236,229 70,102,471 30,908,455 9,089,230 4,988,256 12,093,280 18,200,782 - 584,564,574
Subordinated loans 0.00% 9,000,000 - 9,000,000 - - - - - - - -
Other liabilities 0.00% 55,831,405 - - - - - - - - - 55,831,405
1,726,264,622 739,506,307 114,241,871 87,001,691 49,738,644 31,011,974 4,988,256 12,093,280 18,200,782 - 669,481,817

On-balance sheet Gap 78,618,092 (319,980,644) 308,930,764 151,052,556 23,047,704 59,475,694 80,150,203 65,662,412 96,730,476 8,945,205 (395,396,278)

Net non financial assets 72,651,856

Total net assets 151,269,948

Off-balance sheet financial instruments

Interest Rate Derivatives - Long position 1,674,764 - 495,632 1,179,132 - - - - - - -
Interest Rate Derivatives - Short position (1,674,764) - (179,132) (1,179,132) - (316,500) - - - - -
FX Options - Long position 579,876 199,175 352,968 27,733 - - - - - - -
FX Options - Short position (579,876) (199,175) (352,968) (27,733) - - - - - - -
Forward Purchase of Government Securities 13,619,209 - 3,809,411 - - - - - 9,809,798 - -
Forward Sale of Government Securities (2,326,880) - (174,199) - - - - (2,152,681) - - -
Foreign currency forward purchases 313,860,505 162,917,827 104,229,824 46,371,029 341,825 - - - - - -
Foreign currency forward sales (269,848,264) (158,300,387) (71,531,113) (37,095,494) (2,921,270) - - - - - -
Off-balance sheet Gap 55,304,570 4,617,440 36,650,423 9,275,535 (2,579,445) (316,500) - (2,152,681) 9,809,798 - -

Total Yield / Interest Rate Risk Sensitivity Gap 133,922,662 (315,363,204) 345,581,187 160,328,091 20,468,259 59,159,194 80,150,203 63,509,731 106,540,274 8,945,205 (395,396,278)

Cumulative Yield / Interest Rate Risk Sensitivity Gap (315,363,204) 30,217,983 190,546,074 211,014,333 270,173,527 350,323,730 413,833,461 520,373,735 529,318,940 133,922,662