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UCBL approves 30pc stock dividend

Tuesday, 11 September 2007


FE Report
United Commercial Bank Limited (UCBL) approved 30 per cent stock dividend (bonus share) for its shareholders from its profit of 2001 in the 19th annual general meeting (AGM) held at a city hotel Sunday, said a press release.
UCBL Director MA Kalam presided over the meeting where the bank's 15th, 16th, 17th, 18th and 19th AGMs for the year 1998 to 2002 were also held on the day.
UCBL Chairman Yunus Ahmed, EC Chairman Md Jahangir Alain Khan, directors, Managing Director Hamidul Huq, Company Secretary AM Rafiqur Rahman, Deputy Managing Directors Niaz Habib and AKM Kamal Uddin and senior executives as well as a large number of shareholders were also present in the AGMs.
The country's first generation private sector bank, UCBL stepped into its silver jubilee this year with a remarkable growth.