UCB holds biz confce in Ctg

Our Correspondent | Published: May 18, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

Managing director of United Commercial Bank Limited Muhammed Ali seen at the Business Conference of Chittagong region along with other senior officials of the bank Saturday.

CHITTAGONG, May 17: A business conference of the managers of the United Commercial Bank Chittagong zone was held today at the Chittagong Club. It was presided over by managing director of the UCB Muhammed Ali.
A press meet was also held with the print and electronic media members regarding the selection of the UCB as the best bank in Bangladesh in the category of Best Emerging Markets Banks in Asia-Pacific in 2014 by the famous finance magazine Global Finance.
Among others, additional managing director of the UCB M Shahidul Islam, deputy managing directors Mohammed Abu Abdullah, Md Tariqul Azam and Mohammed Shawkat Jamil along with other senior officials of the UCB were present at the event.
Strategic development of the bank alongside total financial excellence was the main agenda of the conference. Moreover, introducing client friendly products and services as part of financial inclusion was also discussed in the conference.
MD of the bank Muhammed Ali sat on a press meet with the journalists after the conference. He informed that UCB has been selected as the best bank in Bangladesh in the category of Best Emerging Markets Bank in Asia-Pacific 2014 by world famous magazine Global Finance. This is undoubtedly an achievement of the UCB and the country on the whole.
He said that the bank has made huge investment in the country's SME, export and health services sectors. He warned against a section of loan defaulters for whom many branches of different have gone bankrupt in the country, especially in the Chittagong region.
"Chittagong was a very clean city in terms of bank transactions in the past but recently the regions has earned bad name for much of the default loans which has made Chittagong a default city," he said.
The default loan throughout the country is alarmingly increasing, he said adding that the volume of bad loan was Tk 400 billion by December 2013 which reached at Tk 480 billion by March 2014.