UCBL founding anniversary held
Thursday, 1 July 2010
FE Report
Managing Director of the United Commercial Bank Limited (UCBL), M. Shahjahan Bhuiyan has said every stakeholder, consumer and investor has the right to have correct information about the bank and that the bank will ensure proper service to them.
UCBL Managing Director said this at a function Tuesday held at a city hotel on the occasion of the 27th founding anniversary of the bank.
M. Bhuiyan said after resolving past problems, the UCBL is now on the right track and ready to fulfill the demand of consumers and investors.
"The highest court of the country has paved the way for holding the pending annual general meetings (AGMs) of the bank and recently the Bank authority held the 2nd to 6th AGMs very peacefully," M. Bhuiyan said.
"Now there is no legal barrier to arrange the 7th, 8th and 9th AGMs and by August this year the authority will hold these AGMs," he added.
Deputy Managing Director Shafiqul Alam said by 2010, the UCBL would go for merchant banking operation and open two new branches and two SME centers as part of their plan.
"By 2012, the UCBL will turn into a fully sustainable bank," he said.
Four other Deputy Managing Directors -- Mamun-Ur-Rashid, M. Shahidul Islam, Md. Shahed Jalal Chowdhury and Mirza Mahmud Rafiqur Rahman -- were present along with high officials at the ceremony.
The UCBL started its operation on June 29, 1983. At present the bank has one hundred branches across the country, 2500 employees and more than 0.5 million consumers.
The total consumers' deposit of the bank is Tk 90 billion and up to June of 2010 the amount of loan and advance has reached to Tk.80 billion.
By this time, the profit of the bank has reached to Tk.2.25 billion, which is about two times higher than the previous year.
The long term and short term ratings of the UCBL are 'A+' and 'ST-2' respectively.
Managing Director of the United Commercial Bank Limited (UCBL), M. Shahjahan Bhuiyan has said every stakeholder, consumer and investor has the right to have correct information about the bank and that the bank will ensure proper service to them.
UCBL Managing Director said this at a function Tuesday held at a city hotel on the occasion of the 27th founding anniversary of the bank.
M. Bhuiyan said after resolving past problems, the UCBL is now on the right track and ready to fulfill the demand of consumers and investors.
"The highest court of the country has paved the way for holding the pending annual general meetings (AGMs) of the bank and recently the Bank authority held the 2nd to 6th AGMs very peacefully," M. Bhuiyan said.
"Now there is no legal barrier to arrange the 7th, 8th and 9th AGMs and by August this year the authority will hold these AGMs," he added.
Deputy Managing Director Shafiqul Alam said by 2010, the UCBL would go for merchant banking operation and open two new branches and two SME centers as part of their plan.
"By 2012, the UCBL will turn into a fully sustainable bank," he said.
Four other Deputy Managing Directors -- Mamun-Ur-Rashid, M. Shahidul Islam, Md. Shahed Jalal Chowdhury and Mirza Mahmud Rafiqur Rahman -- were present along with high officials at the ceremony.
The UCBL started its operation on June 29, 1983. At present the bank has one hundred branches across the country, 2500 employees and more than 0.5 million consumers.
The total consumers' deposit of the bank is Tk 90 billion and up to June of 2010 the amount of loan and advance has reached to Tk.80 billion.
By this time, the profit of the bank has reached to Tk.2.25 billion, which is about two times higher than the previous year.
The long term and short term ratings of the UCBL are 'A+' and 'ST-2' respectively.