UCB BOARD MARKS 513TH MEETING

United Commercial Bank (UCB) held its 513th board meeting. During the session, the board reviewed and approved the audited financial statements for the year ending 2024, along with the unaudited results for Q1 2025. In a strategic move, the UCB board resolved not to declare dividends for 2024, and will instead allocate its entire operating profits toward provisions for non-performing loans (NPLs). With deposits continuing to grow and market confidence on the rise, the board also approved issuance of a rights share aimed at supporting capital base and asset growth and replacing NPLs with high-quality loans.