UCB wins int\\\'l award from Global Finance

United Commercial Bank (UCB) has been named as the Best Emerging Markets Bank of Bangladesh by the renowned Global Finance magazine in an exclusive survey to be published in the May, 2014 issue.
 Global Finance editors-with input from industry analysts, corporate executives and banking consultants-selected the best emerging markets bank in the Asia-Pacific region and in 30 countries, according to the website of Global Finance.
Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products. In addition, for the first time, a poll of Global Finance's corporate readership was conducted in order to increase the accuracy and reliability of the results.
DBS Bank won the award as regional winner. The other 24 winners include China Merchants Bank of China, HDFC Bank of India, Bank Central Asia of Indonesia, Public Bank (Malaysia) of Malaysia, Standard Chartered Bank (Nepal), United Bank Ltd of Pakistan, BDO of the Philippines, Shinhan Financial Group of South Korea and Commercial Bank of Ceylon of Sri Lanka.  
This is the twenty first year that the magazine has selected top banking performers in emerging markets. The report covers best banks in Latin America, Central & Eastern Europe, Asia-Pacific, the Middle East and Africa.
"Faced with slowing growth and volatile markets, these banks are star performers under increasingly challenging conditions," said Joseph D. Giarraputo, publisher and editorial director of Global Finance. "The banks that Global Finance is honoring may not be the largest or oldest, but they are the best at targeting their products and offerings to the specific markets they serve."
Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products. In addition, for the first time, a poll of Global Finance's corporate readership was conducted in order to increase the accuracy and reliability of the results.
 "Faced with slowing growth and volatile markets, these banks are star performers under increasingly challenging conditions," said Joseph D. Giarraputo, publisher and editorial director of Global Finance. "The banks that Global Finance is honoring may not be the largest or oldest, but they are the best at targeting their products and offerings to the specific markets they serve.
UCB of Bangladesh is a first generation private commercial bank which earned $ 39.30 million as net profit in 2013. The deposits, loans & advances and total assets of the bank during the year were $2370.47 million, $ 1905.96 million and $ 2901.71 million respectively.
The total capital of UCB in 2013 was $ 291.78 million.