18:45:25 (BST) 18:45:25 (BST)
CSE news on UCB
2024-10-30: Cont-Un-audited Financial Statements
UCB(cont): EPS has been increase due to higher interest income from loans and advances; higher income from investment and higher commission and fees income. NOCFPS has been decreased mainly due to higher disbursement of loans and advances to customers in comparison of lower growth in deposits mainly due to political turmoil of the country while maintaining the liquidity ratio as per Bangladesh Bank's guideline.(end)
2024-10-30: Un-audited Financial Statements
UCB: (Quarter 3) As per the un-audited financial statements of the Company, Consolidated EPS was Tk. 0.66 for July-September 2024 as against Tk. 0.51 (restated) for July-September 2023; Consolidated EPS was Tk. 1.51 for January-September 2024 as against Tk. 1.14 (restated) for January-September 2023. Consolidated NOCFPS was Tk. (6.79) for January-September 2024 as against Tk. 33.24 (restated) for January-September 2023. Consolidated NAV per share was Tk. 28.37 as on September 30, 2024 and Tk. 27.37 (restated) as on September 30, 2023. Reasons for deviation in EPS and NOCFPS:(cont)
2024-10-23: Board Meeting
UCB: The Company has informed that a Board Meeting will be held on October 29, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
2024-10-01: Appointment of Managing Director
UCB: The company has informed that Mr. Mohammad Mamdudur Rashid joined as the Managing Director of the company on September 30, 2024.
2024-09-22: Receive Intention
UCB: Ms. Sultana Hashem, one of the Sponsors of the Company, has informed that she will receive 1,198,763 shares from her husband Late M.A. Hashem, as a successor as per succession certificate issued by the Honorable Court.
2024-09-05: Cancellation of investment decision as Sponsor of a Mutual Fund
UCB: Refer to the earlier news disseminated by CSE on 28.05.2024, the company has further informed that the Board of Directors of the company, among others, has decided to cancel the decision of investing Tk. 50.00 Crore as Sponsor of a Closed End Growth Mutual Fund Managed by CAPITEC Asset Management Limited considering the prevailing market situation.
2024-09-03: Reconstitution of the Board of Directors of the company
UCB: The company has informed that Bangladesh Bank, on August 27, 2024, dissolved the previous Board of the company and formed the new Board of Directors of the company. Subsequently, a Meeting of the Board of Directors of the company was held on August 29, 2024 and the Board was reconstituted as follows: 1. Mr. Sharif Zahir, Chairman, 2. Mr. Md. Shazzad Hossoin, Independent Director & Vice-Chairman, 3. Mr. Md. Tanvir Khan, Director & Chairman, Executive Committee, 4. Mr. Obaidur Rahman, FCA, Independent Director & Chairman, Audit Committee and 5. Mr. Md. Yusuf Ali, Independent Director & Chairman, Risk Management Committee.
2024-08-14: Dividend Disbursement
UCB: The company has informed that it has credited the Bonus Shares to the respective shareholders' BO Accounts and it has also disbursed the Cash Dividend to the respective shareholders for the year ended December 31, 2023.
2024-07-31: Cont-Un-audited HY A/Cs
UCB(cont):Reasons for deviation in EPS and NOCFPS: EPS increased mainly due to higher interest income from loans and advances; and higher commission and fees income. NOCFPS has decreased mainly due to higher disbursement of loans and advances to the customers while maintaining the liquidity ratio as per Bangladesh Bank's guideline.(end)
2024-07-31: Un-audited HY A/Cs
UCB: (Quarter 2) As per un-audited half yearly accounts of the Company, Consolidated EPS was Tk. 0.43 for April-June 2024 as against Tk. 0.33 (restated) for April-June 2023; Consolidated EPS was Tk. 0.86 for January-June 2024 as against Tk. 0.65 (restated) for January-June 2023. Consolidated NOCFPS was Tk. 6.78 for January-June 2024 as against Tk. 27.57 (restated) for January-June 2023. Consolidated NAV per share was Tk. 28.69 as on June 30, 2024 and Tk. 27.71(restated) as on June 30, 2023.(cont)
2024-07-24: Reschedule of Board Meeting
UCB: The Company has further informed that due to unavoidable circumstances the Board Meeting will be held on July 30, 2024 at 3:00 PM instead of July 24, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for Second Quarter (Q2) period ended June 30, 2024.
2024-06-11: Credit Rating
UCB: Emerging Credit Rating Limited (ECRL) has affirmed Surveillance rating of the Company as ''AA'' in the long term and ''ST-2'' in the short term along with a Stable outlook based on audited financial statements up to December 31, 2023 and other available information up to the date of rating declaration.
2024-06-02: Record Date tomorrow (03.06.2024)
UCB: Trading of the shares of the Company will remain suspended on its record date i.e., 03.06.2024 for entitlement of 5% Stock Dividend. Trading of the shares of the Company will resume on 04.06.2024.
2024-05-29: Spot trade from tomorrow (30.05.2024)
UCB: Trading of the shares of the Company will be allowed only in the Spot Market from 30.05.2024 to 02.06.2024 as the record date of the Company is on 03.06.2024 for entitlement of 5% Stock Dividend.
2024-05-28: Regarding investment as Sponsor of a Growth Mutual Fund
UCB: The company has decided to made an investment of Tk. 50.00 Crore as Sponsor of a Closed End Growth Mutual Fund to be Managed by CAPITEC Asset Management Limited.
2024-05-28: Record date for the 5% Stock Dividend for the year 2023
UCB: Refer to their earlier news disseminated by CSE on 27.05.2024 regarding BSEC consent for issuance of 5% stock dividend, the company has further informed that the Board of Directors of the company has fixed the record date on June 03, 2024 for the entitlement of 5% Stock Dividend for the year ended December 31, 2023.
2024-05-27: BSEC consent for issuance of 5% stock dividend
UCB: Refer to their earlier news disseminated by CSE on 21.05.2024 regarding stock dividend for the year ended December 31, 2023, the company has further informed that Bangladesh Securities and Exchange Commission has accorded its consent for raising the Paid-up Capital through the Issuance of Bonus Shares (5% Stock Dividend) for the year ended December 31, 2023. The record date for the entitlement of 5% stock to be declared soon.
2024-05-21: Record Date on 23.05.2024
UCB: Trading of the shares of the company will remain suspended on its record date i.e., 23.05.2024. Trading of the shares of the Company will resume on 26.05.2024.
2024-05-21: Regarding stock dividend for the year ended December 31, 2023
UCB: Refer to their earlier news disseminated by CSE on 30.04.2024 regarding Recommendation of Dividend, the company has informed that they are yet to receive BSEC's consent of the 5% stock dividend. In view of the foregoing, the record date of May 23, 2024 will be applicable for the 5% cash dividend and the Bank's 41st AGM only. The record date for the 5% stock dividend will be announced once the consent is obtained from BSEC.
2024-05-19: Spot trade from tomorrow (20.05.2024)
UCB: Trading of the shares of the Company will be allowed only in the Spot Market from 20.05.2024 to 21.05.2024 as the record date of the Company is on 23.05.2024.
2024-04-30: Un-audited Financial Statements
UCB: (Quarter 1) As per the un-audited financial statements of the Company, Consolidated EPS was Tk. 0.44 for January-March 2024 as against Tk. 0.32 (restated) for January-March 2023. Consolidated NOCFPS was Tk. (4.99) for January-March 2024 as against Tk. 15.67 (restated) for January-March 2023. Consolidated NAV per share was Tk. 28.74 as on March 31, 2024 and Tk. 27.83 (restated) as on March 31, 2023.
2024-04-30: CB Free
UCB: Please note that there will be no price limit today 30.04.2024 on the trading of the shares of the Company following its corporate declaration.
2024-04-30: Cont-Recommendation of Dividend
UCB(cont):Disclosures regarding recommendation of Stock Dividend: i) Stock Dividend has been recommended to strengthen the capital base of the company to comply with the regulatory requirements and to support the business growth; ii) Stock Divined has been declared out of accumulated profit; iii) Stock Dividend has not been declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid-up capital or through doing anything so that the post-dividend retained earnings become negative or a debit balance.(end)
2024-04-30: Recommendation of Dividend
UCB: The Board of Directors has recommended 5% Cash and 5% Stock Dividend for the year ended December 31, 2023. The Stock Dividend is subject to the approval of Regulatory Authorities. Date of AGM: 30.06.2024, Time: 3:00 PM, Venue: Digital Platform. Record date: 23.05.2024. The Company has also reported consolidated EPS of Tk. 1.52, consolidated NAV per share of Tk. 28.81 and consolidated NOCFPS of Tk. 33.83 for the year ended December 31, 2023 as against Tk. 2.29(diluted), Tk. 27.84(diluted) and Tk. (12.91) (diluted) respectively for the year ended December 31, 2022.(cont)
2024-04-24: Board Meeting
UCB: The Company has informed that the Board Meeting of the Company will be held on April 29, 2024 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
2024-04-22: Board Meeting
UCB: The Company has informed that the Board Meeting of the Company will be held on April 29, 2024 at 03:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
2024-03-14: Board decision to increase authorized capital
UCB: The company has informed that the Board of Directors of the company has decided to increase the Authorized Capital of United Commercial Bank PLC from BDT 1500,00,00,000.00 (Fifteen Hundred Crore) to BDT 2500,00,00,000.00 (Twenty-Five Hundred Crore) subject to approval of regulatory authorities and approval of the shareholders in the 41st Annual General Meeting of the Bank.
2023-12-17: BSEC Consent for issuance of UCB 2nd Perpetual Bond
UCB: Refer to their earlier news disseminated by CSE on 22.02.2022 regarding issuance of UCB 2nd Perpetual Bond, the company has further informed that BSEC has accorded its consent for issuance of Unsecured, Contingent-Convertible, fully paid-up non-cumulative BASEL-III compliant 2nd Perpetual Bond of BDT 300 Crore through Private Placement of BDT 270 crore and Public Issue of BDT 30 crore. The purpose of the issue is to strengthen the capital base of the Bank. The consent has been accorded subject to the condition that the Company shall comply with the relevant laws and Regulatory Requirements, and shall also adhere to the conditions imposed by BSEC under Section-2CC of the Securities and Exchange Ordinance, 1969.
2023-10-25: Cont-Un-audited Financial Statements
UCB(cont): Consolidated NAV per share was Tk. 28.71 as on September 30, 2023 and Tk. 27.46 (restated) as on September 30, 2022. The company has also informed that higher growth in deposit and lower growth in loans and advances mainly resulted the increase in the Net Operating Cash Flow during the period ended 30 September 2023 over the period ended 30 September 2022.(end)
2023-10-25: Un-audited Financial Statements
UCB: (Quarter 3) As per un-audited financial statements of the Company, Consolidated EPS was Tk. 0.53 for July-September 2023 as against Tk. 0.48 (restated) for July-September 2022; Consolidated EPS was Tk. 1.20 for January-September 2023 as against Tk. 1.32 (restated) for January-September 2022. Consolidated NOCFPS was Tk. 34.72 for January-September 2023 as against Tk. (18.42) (restated) for January-September 2022.(cont)
2023-10-18: Board Meeting
UCB: United Commercial Bank PLC has informed that the Board Meeting of the Company will be held on October 23, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
2023-09-13: Transfer Confirmation
UCB: Hajee Abul Kalam, one of the Sponsors of United Commercial Bank PLC, has further informed that he has completed his transfer of 1,15,00,000 shares of the company to his son Mohammed Nasim Kalam, General Shareholder of the Company, by way of gift outside the trading system of the Exchange as per declaration disseminated on 11.09.2023.
2023-09-11: Transfer Intention
UCB: Hajee Abul Kalam, one of the Sponsors of United Commercial Bank PLC, has reported his intention to transfer 1,15,00,000 shares out of his holding of 2,95,34,047 shares of the company to his son Mohammed Nasim Kalam (General Shareholder of the company), by way of gift outside the trading system of the Exchange within 30 working days with effect from August 29, 2023.
2023-08-09: Dividend Disbursement
UCB: United Commercial Bank PLC has informed that it has credited the Bonus shares to the respective shareholders' BO Accounts and it has also disbursed the Cash Dividend to the respective shareholders for the year ended December 31, 2022.
2023-07-26: Un-audited HY A/Cs (Additional Information)
UCB: (Quarter 2) Reasons for deviation in EPS and NOCFPS: United Commercial Bank PLC has informed that the increase of interest expenses on deposits and borrowings and the increase of operating expenses over the same period of last year results significant decrease of Bank's operating profit hence the net earnings also known as net income or net profit results the decrease of the EPS in Q2 2023 compared to the same period of the last year. The growth of the disbursement of loans and advances was less than that of the growth of the deposits in Q2 2023. This results the increase of the NOCFPS in Q2 2023 compared to the same period of the last year.
2023-07-25: Un-audited HY A/Cs
UCB: (Quarter 2) As per un-audited half yearly accounts of United Commercial Bank PLC, Consolidated EPS was Tk. 0.35 for April-June 2023 as against Tk. 0.62 (restated) for April-June 2022; Consolidated EPS was Tk. 0.68 for January-June 2023 as against Tk. 0.85 (restated) for January-June 2022. Consolidated NOCFPS was Tk. 28.95 for January-June 2023 as against Tk. (8.77) (restated) for January-June 2022. Consolidated NAV per share was Tk. 29.09 as on June 30, 2023 and Tk. 27.32 (restated) as on June 30, 2022.
2023-07-19: Board Meeting
UCB: United Commercial Bank PLC has informed that the Board Meeting of the Company will be held on July 24, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
2023-07-12: Name Change of the Company
UCB: Chittagong Stock Exchange PLC (CSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'United Commercial Bank PLC' instead of 'United Commercial Bank Limited' with effect from July 13, 2023. Other things (except name) will remain unchanged.
2023-05-30: Record Date tomorrow (31.05.2023)
UCB: Trading of the shares of United Commercial Bank Limited will remain suspended on its record date i.e., 31.05.2023 for entitlement of 5% Stock Dividend. Trading of the shares of the Company will resume on 01.06.2023.
2023-05-28: Spot trade from tomorrow (29.05.2023)
UCB: Trading of the shares of United Commercial Bank Limited will be allowed only in the Spot Market from 29.05.2023 to 30.05.2023 as the record date of the Company is on 31.05.2023 for entitlement of 5% Stock Dividend.
2023-05-21: BSEC's consent regarding 5% Stock Dividend
UCB: Refer to their earlier news disseminated by CSE on 26.04.2023 regarding recommendation of dividend, United Commercial Bank Limited has further informed that BSEC has accorded its consent for their declaration of 5% Stock Dividend for the year ended December 31, 2022. The record date for entitlement of the aforesaid Bonus Shares is May 31, 2023.
2023-05-17: Record Date tomorrow (18.05.2023)
UCB: Trading of the shares of United Commercial Bank Limited will remain suspended on its record date i.e., 18.05.2023. Trading of the shares of the Company will resume on 21.05.2023.
2023-05-16: Regarding record date for entitlement of Dividend
UCB: Refer to their earlier news disseminated by CSE on 26.04.2023 regarding Recommendation of dividend, United Commercial Bank Limited has further informed that they have not received consent yet from BSEC against their declaration of 5% Stock dividend for the year ended December 31, 2022. Therefore, the record date as on 18.05.2023 will only be applicable for entitlement of 5% Cash dividend.
2023-05-15: Credit Rating
UCB: Emerging Credit Rating Limited (ECRL) has affirmed surveillance credit rating of United Commercial Bank Ltd. as ''AA'' in the long term and ''ST-2'' in the short term along with a Stable outlook of the Company based on audited financial statements up to December 31, 2022 and other relevant quantitative along with qualitative information available up to the date of rating.
2023-05-15: Spot trade from tomorrow (16.05.2023)
UCB: Trading of the shares of United Commercial Bank Limited will be allowed only in the Spot Market from 16.05.2023 to 17.05.2023 as the record date of the Company is on 18.05.2023.
2023-05-15: Un-audited Financial Statements (Additional Information)
UCB: (Quarter 1) United Commercial Bank Limited has further informed that net operating cash flow has been increased due to less disbursement of loans and advance and incremental deposits from customers & banks in the first quarter of 2023 compared to the same period of 2022.
2023-05-15: Un-audited Financial Statement
UCB: (Quarter 1) As per un-audited financial statements of United Commercial Bank Limited, Consolidated EPS was Tk. 0.33 for January-March 2023 as against Tk. 0.24 (restated) for January-March 2022. Consolidated NOCFPS was Tk. 16.28 for January-March 2023 as against Tk. (6.17) (restated) for January-March 2022. Consolidated NAV per share was Tk. 28.91 as on March 31, 2023 and Tk. 26.82 (restated) as on March 31, 2022.
2023-05-09: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on May 14, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
2023-04-27: Updating information
UCB: United Commercial Bank Limited has requested the shareholders, to update their Bank Accounts Number, Address, Cell Number & e-mail address through their respective depository participants (DP) before the Record Date. The concerned brokerage houses are requested to provide a statement with details (shareholders name, BO ID number, client-wise shareholding position) of their margin loan holders (if any) who hold UCB shares, as on 'Record Date', along with the name of the contact person in this connection, to the Company Secretariat Division of the Bank on or before 25.05.2023. The Brokerage Houses are also requested to provide their bank name and account number, routing numbers etc. within stipulated time.
2023-04-26: CB free
UCB: Please note that there will be no price limit today 26.04.2023 on the trading of the shares of the Company following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
2023-04-26: Cont-Recommendation of Dividend
UCB(cont): Disclosures regarding recommendation of Stock Dividend: i) Stock Dividend has been recommended to strengthen the capital base of the company to comply with the regulatory requirements and to support the business growth; ii) Stock Divined has been declared out of accumulated profit; iii) Stock Dividend has not been declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid-up capital or through doing anything so that the post-dividend retained earnings become negative or a debit balance.(end)
2023-04-26: Recommendation of Dividend
UCB: The Board of Directors has recommended 5% Cash and 5% Stock Dividend for the year ended December 31, 2022. The Stock Dividend is subject to the approval of Regulatory Authorities. Date of AGM: 26.06.2023, Time: 3:00 PM, Venue: Digital Platform. Record date: 18.05.2023. The Company has also reported consolidated EPS of Tk. 2.35, consolidated NAV per share of Tk. 28.57 and consolidated NOCFPS of Tk. (13.25) for the year ended December 31, 2022 as against Tk. 1.78, Tk. 26.59 and Tk. (16.85) respectively for the year ended December 31, 2021.(cont)
2023-04-24: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on April 25, 2023 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
2022-12-29: Cont-BSEC Consent for issuance of UCB Fifth Subordinated Bond
UCB: (cont) The consent has been accorded subject to compliance of relevant laws and regulatory requirements as per BSEC (Debt Securities) Rules, 2021 and also adherence to the conditions imposed by BSEC under Section- 2CC of the Securities and Exchange Ordinance, 1969. The purpose of the issue is to strengthen the capital base of the Company.(end)
2022-12-29: BSEC Consent for issuance of UCB Fifth Subordinated Bond
UCB: Refer to their earlier news disseminated by CSE on 22.12.2021 regarding board decision on issuance of 5th Subordinated Bond, United Commercial Bank Limited has further informed that Bangladesh Securities and Exchange Commission has accorded its consent for raising of capital through issuance of BDT 1,000.00 Crore Non-convertible, Unsecured, Fully Redeemable Subordinated Bond through private placement in cash consideration. No. of Bonds to be issued 1,000 (One Thousand) and the face value of each bond would be BDT 10,000,000.00 (Ten Million). (cont)
2022-10-24: Un-audited Financial Statement
UCB: (Quarter 3) As per un-audited financial statements of United Commercial Bank Limited, Consolidated EPS was Tk. 0.48 for July-September 2022 as against Tk. 0.61 for July-September 2021; Consolidated EPS was Tk. 1.34 for January-September 2022 as against Tk. 1.50 for January-September 2021. Consolidated NOCFPS was Tk. (18.68) for January-September 2022 as against Tk. (18.31) for January-September 2021. Consolidated NAV per share was Tk. 27.84 as on September 30, 2022 and Tk. 26.35 as on September 30, 2021.
2022-10-18: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on October 23, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
2022-07-31: Un-audited HY A/Cs
UCB: (Quarter 2) As per un-audited half yearly accounts of United Commercial Bank Ltd., Consolidated EPS was Tk. 0.68 for April-June 2022 as against Tk. 0.60 for April-June 2021; Consolidated EPS was Tk. 0.94 for January-June 2022 as against Tk. 0.98 for January-June 2021. Consolidated NOCFPS was Tk. (9.65) for January-June 2022 as against Tk. (7.77) for January-June 2021. Consolidated NAV per share was Tk. 30.05 as on June 30, 2022 and Tk. 28.90 as on June 30, 2021.
2022-07-25: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on July 28, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
2022-06-19: Bonus Shares Credited
UCB: United Commercial Bank Ltd. has informed that it has credited the Bonus shares for the year ended on December 31, 2021 to the respective shareholders' BO Accounts on June 16, 2022.
2022-05-16: Un-audited Financial Statement
UCB: (Quarter 1) As per un-audited financial statements of United Commercial Bank Limited, Consolidated EPS was Tk. 0.26 for January-March 2022 as against Tk. 0.38 for January-March 2021. Consolidated NOCFPS was Tk. (6.79) for January-March 2022 as against Tk. (16.13) for January-March 2021. Consolidated NAV per share was Tk. 29.50 as on March 31, 2022 and Tk. 28.34 as on March 31, 2021.
2022-05-09: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on May 12, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2022.
2022-04-24: Record Date tomorrow (25.04.2022)
UCB: Trading of the shares of United Commercial Bank Limited will remain suspended on its record date i.e., 25.04.2022. Trading of the shares of the Company will resume on 26.04.2022.
2022-04-24: Credit Rating
UCB: Emerging Credit Rating Limited (ECRL) has assigned the rating of United Commercial Bank Ltd. as ''AA'' in the long term and ''ST-2'' in the short term along with a Stable outlook of the Company based on audited financial statements up to December 31, 2021 and other relevant quantitative along with qualitative information available up to the date of rating.
2022-04-20: Spot trade from tomorrow (21.04.2022)
UCB: Trading of the shares of United Commercial Bank Limited will be allowed only in the Spot Market from 21.04.2022 to 24.04.2022 as the record date of the Company is on 25.04.2022.
2022-04-20: Formation of fully owned subsidiary companies
UCB: United Commercial Bank Limited has informed that the Board of Directors of the Bank has approved the decision of forming a fully owned subsidiary company of the Bank in Qatar to operate Money Services Businesses (MSB) subject to approval of the regulatory authorities. The Board of Directors has also approved the decision of forming a fully owned subsidiary company of the Bank in Sharjah, UAE to operate Money Services Businesses (MSB) subject to approval of the regulatory authorities.
2022-03-31: CB Free
UCB: Please note that there will be no price limit today 31.03.2022 on the trading of the shares of the Company following its corporate declaration.
2022-03-31: Cont-Recommendation of Dividend
UCB(cont): The Company also informed that i) Stock Dividend has been recommended to strengthen the capital base of the Company to comply the regulatory requirements and to support the business growth. ii) Stock Dividend is declared out of accumulated profit. iii) Stock Dividend is not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance.(end)
2022-03-31: Recommendation of Dividend
UCB: The Board of Directors has recommended 10% stock dividend for the year ended on December 31, 2021. Date of AGM: 09.06.2022, Time: 3:00 PM. Venue: Digital Platform. Record date: 25.04.2022. The Company has also reported Consolidated EPS of Tk. 1.92, Consolidated NAV per share of Tk. 29.25 and Consolidated NOCFPS of Tk. (18.54) for the year ended on December 31, 2021 as against Tk. 2.31, Tk. 27.96 and Tk. (8.87) respectively for the same period of the previous year.(cont)
2022-03-31: Decision to form Subsidiary Companies
UCB: United Commercial Bank Limited has informed that the Board of Directors of the Bank has approved the decision of forming a fully owned Subsidiary Company having paid-up capital of HK$ 5,000,000 (Fifty Lac) (Equivalent to USD 650,000) in Hong Kong to conduct Trade Finance and other Business subject to the approval of the regulatory authorities. The Board of Directors has also approved the decision of forming a fully owned Subsidiary Company having paid-up capital of MYR 4,000,000 (Forty Lac) (Equivalent to USD 950,000) in Malaysia to operate Money Services Business subject to the approval of the regulatory authorities.
2022-03-24: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on March 30, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2021.
2022-02-22: Formation of a Subsidiary Company
UCB: United Commercial Bank Limited has informed that the Board of Directors has decided to formation of a Subsidiary Company having paid-up capital of $ 9,00,000.00 (nine lac) in Singapore for remittance business subject to the approval of the regulatory authorities.
2022-02-22: Issuance of UCB 2nd Perpetual Bond
UCB: United Commercial Bank Limited has informed that the Board of Directors has decided to issue of unsecured, contingent-convertible, non-cumulative, 'UCB 2nd Perpetual Bond' of amount up to Tk. 500 crore to be included in the Additional Tier I Capital subject to approval of regulatory authorities.
2021-12-23: Appointment of the Managing Director
UCB: United Commercial Bank Limited has informed that the Board of Directors has appointed Mr. Arif Quadri as the Managing Director and CEO of the Bank with effect from December 22, 2021.
2021-12-22: Board Decision on issuance of 5th Subordinated Bond
UCB: United Commercial Bank Limited has informed that the Board of Directors has decided to issue Unsecured, Non-convertible and Redeemable UCB 5th Subordinated Bond of BDT 1,000 crore (Taka One Thousand Crore) for 7 years as a part of Tier-II Regulatory Capital subject to approval of regulatory authorities.
2021-11-03: Share Transmission of Deceased Sponsor Directors among his successors
UCB: United Commercial Bank Limited has informed that Mr. Abdul Gaffar Chowdhury, one of the Sponsor Directors of the company passed away on 03.04.2016. His total holding of 2,59,69,522 shares will be transmitted among his successors according to the Succession Certificate issued by the Honorable Court.
2021-10-25: Un-audited Financial Statements
UCB: (Quarter 3) As per un-audited financial statements of United Commercial Bank Limited, Consolidated EPS was Tk. 0.67 for July-September 2021 as against Tk. 0.69 for July-September 2020; Consolidated EPS was Tk. 1.65 for January-September 2021 as against Tk. 1.38 for January-September 2020. Consolidated NOCFPS was Tk. (20.14) for January-September 2021 as against Tk. (16.59) for January-September 2020. Consolidated NAV per share was Tk. 28.99 as on September 30, 2021 and Tk. 27.44 as on September 30, 2020.
2021-10-18: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on October 24, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2021.
2021-09-13: Dividend Disbursement
UCB: United Commercial Bank Ltd. has informed that it has credited the Bonus shares for the year ended on December 31, 2020 to the respective shareholders' BO Accounts and it has also disbursed the cash dividend to the respective shareholders.
2021-07-18: Un-audited HY A/Cs
UCB: (Quarter 2) As per un-audited half yearly accounts of United Commercial Bank Ltd., Consolidated EPS was Tk. 0.63 for April-June 2021 as against Tk. 0.40 for April-June 2020; Consolidated EPS was Tk. 1.02 for January-June 2021 as against Tk. 0.72 for January-June 2020. Consolidated NOCFPS was Tk. (8.15) for January-June 2021 as against Tk. (9.85) for January-June 2020. Consolidated NAV per share was Tk. 30.35 as on June 30, 2021 and Tk. 28.02 as on June 30, 2020.
2021-07-12: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on July 15, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2021.
2021-06-30: Credit Rating
UCB: Emerging Credit Rating Limited (ECRL) has assigned the rating of United Commercial Bank Ltd. as ''AA'' in the long term and ''ST-2'' in the short term along with a Stable outlook of the Company based on audited financial statements up to December 31, 2020 and other relevant quantitative along with qualitative information available up to the date of rating.
2021-06-29: Record Date tomorrow (30.06.2021)
UCB: Trading of the shares of United Commercial Bank Limited will remain suspended on its record date i.e., 30.06.2021. Trading of the shares of the Company will resume on 04.07.2021.
2021-06-27: Spot trade from tomorrow (28.06.2021)
UCB: Trading of the shares of United Commercial Bank Limited will be allowed only in the Spot Market from 28.06.2021 to 29.06.2021 as the record date of the Company is on 30.06.2021.
2021-06-23: Sale Intention
UCB: Mr. Mohammed Shah Alam, one of the Nominated Directors (nominated from Ardent Asset Management Limited) of United Commercial Bank Limited, has reported his intention to sell his entire holdings of 43,250 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (CSE) within next 30 working days.
2021-06-09: Updating information
UCB: United Commercial Bank Limited has requested the shareholders, to update their Bank Accounts Number, Address, Cell Number & e-mail address through their respective DPs before the record date. The concerned brokerage houses are requested to provide a statement with details (shareholders name, BO ID number, client-wise shareholding position) of their margin loan holders (if any) who hold UCB shares, as on record date, along with the name of the contact person in this connection, to the Company Secretariat Division of the Bank on or before 07.07.2021. The Brokerage Houses are also requested to provide their bank name and account number, routing numbers etc. within stipulated time.
2021-06-09: Un-audited Financial Statement
UCB: (Quarter 1) As per un-audited financial statements of United Commercial Bank Limited, Consolidated EPS was Tk. 0.40 for January-March 2021 as against Tk. 0.32 for January-March 2020. Consolidated NOCFPS was Tk. (16.93) for January-March 2021 as against Tk. 0.69 for January-March 2020. Consolidated NAV per share was Tk. 29.75 as on March 31, 2021 and Tk. 27.74 as on March 31, 2020.
2021-06-09: CB Free
UCB: Please note that there will be no price limit today 09.06.2021 on the trading of the shares of the Company following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.
2021-06-09: Cont-Recommendation of Dividend
UCB: (cont) ii) Stock Dividend is declared out of accumulated profit. iii) Stock Dividend is not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance.(end)
2021-06-09: Recommendation of Dividend
UCB: The Board of Directors has recommended 5% cash and 5% stock dividend for the year ended on December 31, 2020. Date of AGM: 05.08.2021, Time: 3:00 PM. Venue: Digital Platform. Record date: 30.06.2021. The Company has also reported Consolidated EPS of Tk. 2.42, Consolidated NAV per share of Tk. 29.35 and Consolidated NOCFPS of Tk. (9.31) for the year ended on December 31, 2020 as against Tk. 2.35 (diluted), Tk. 27.40 (diluted) and Tk. 2.48 (diluted) respectively for the same period of the previous year. The Company also informed that i) Stock Dividend has been recommended to strengthen the capital base of the Company to comply the regulatory requirements and to support the business growth. (cont)
2021-06-02: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on June 8, 2021 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.
2021-06-02: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on June 8, 2021 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021.
2021-05-04: Cont-Decision to act as Sponsor and/or Investor in New Companies
UCB: (cont) The Board has also decided to form a subsidiary namely UCB Alternative Investments Limited aiming to ensure smooth and successful management of alternative investments fund such as Venture Capital, Private Equity, Impact Funds etc.(end)
2021-05-04: Decision to act as Sponsor and/or Investor in New Companies
UCB: United Commercial Bank Limited Company has informed that that the Board of Directors of the Company has decided to act as Sponsor and/or Investor in- a) A Venture Capital Fund in the name of ''UCB Venture Capital Fund-One'' having fund size of BDT 3500.00 Million by investing BDT 1000.00 Million subject to approval of Bangladesh Bank and Bangladesh Securities & Exchange Commission (BSEC). b) A Private Equity Fund in the name of ''UCB Private Equity Fund-One'' having a fund size of BDT 3500.00 Million by investing BDT 1000.00 Million subject to approval of Bangladesh Bank and Bangladesh Securities & Exchange Commission (BSEC).(cont)
2021-01-25: Approval of Security Custodian License
UCB: United Commercial Bank Limited has informed that the Bangladesh Securities and Exchange Commission (BSEC) vide its letter dated January 20, 2021 has agreed to accord Registration Certificate as a Security Custodian in favor of United Commercial Bank Limited.
2020-12-17: Cont-BSEC Consent on UCB 1st Perpetual Bond
UCB: (cont) The consent has been accorded subject to the condition that the company shall comply with the relevant laws and regulatory requirements and also shall adhere to the conditions imposed by BSEC under Section-2CC of the Securities and Exchange Ordinance, 1969.(end)
2020-12-17: BSEC Consent on UCB 1st Perpetual Bond
UCB: Refer to the earlier news dated 16.10.2019, United Commercial Bank Limited has further informed that the BSEC has accorded its consent for raising Additional Tier-I (AT-1) capital through issuance of unsecured, floating rate, conditional-convertible UCB 1st Perpetual Bond of BDT 400 Crore only through private placement in cash consideration with interest of Benchmark rate (20-year Treasury-Bond rate) plus 2% p.a. margin with coupon floor rate of 8% p.a. and coupon ceiling rate of 10% p.a.(cont)
2020-10-22: Un-audited Financial Statement
UCB: (Quarter 3) As per un-audited financial statements of United Commercial Bank Limited, Consolidated EPS was Tk. 0.73 for July-September 2020 as against Tk. 0.70 for July-September 2019; Consolidated EPS was Tk. 1.45 for January-September 2020 as against Tk. 1.70 for January-September 2019. Consolidated NOCFPS was Tk. (17.42) for January-September 2020 as against Tk. (0.53) for January-September 2019. Consolidated NAV per share was Tk. 28.81 as on September 30, 2020 and Tk. 25.03 as on September 30, 2019.
2020-10-18: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on October 21, 2020 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2020.
2020-10-11: Dividend Disbursement
UCB: United Commercial Bank Limited has informed that the Bonus shares of the Company for the year ended on December 31, 2019 have already been credited through CDBL to the respective shareholders' BO Accounts and Cash Dividend has also been disbursed to the respective shareholders' Bank accounts through BEFTN, EFT and Warrant from 23.09.2020 to 01.10.2020.The remaining un-remitted cash dividends, due to non-availability of BEFTN facilities or error in information have been dispatched by courier services to the respective shareholders' address registered with the bank on 01.10.2020.
2020-08-05: Credit Rating
UCB: Emerging Credit Rating Limited (ECRL) has assigned the surveillance rating of United Commercial Bank Ltd. as "AA" in the long term and "ST-2" in the short term along with a Stable outlook of the Company based on audited financial statements up to December 31, 2019 and other relevant quantitative as well as qualitative information up to the date of rating.
2020-07-20: Un-audited HY A/Cs
UCB: (Quarter 2) As per un-audited half yearly accounts of United Commercial Bank Ltd., Consolidated EPS was Tk. 0.42 for April-June, 2020 as against Tk. 0.63 for April-June, 2019; Consolidated EPS was Tk. 0.76 for January-June, 2020 as against Tk. 1.01 for January-June, 2019. Consolidated NOCFPS was Tk. (10.34) for January-June, 2020 as against Tk. 4.69 for January-June, 2019. Consolidated NAV per share was Tk. 29.42 as on June 30, 2020 and Tk. 25.58 as on June 30, 2019.
2020-07-16: Record Date on 19.07.2020
UCB: Trading of the shares of United Commercial Bank Limited will remain suspended on its record date 19.07.2020. Trading of the shares of the Company will resume on 20.07.2020.
2020-07-14: Spot trade from tomorrow (15.07.2020)
UCB: Trading of the shares of United Commercial Bank Limited will be allowed only in the Spot Market from 15.07.2020 to 16.07.2020 as the record date of the Company is on 19.07.2020.
2020-07-14: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on July 19, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2020.
2020-06-30: Recommendation of Dividend (Additional Information)
UCB: United Commercial Bank Limited also informed that i) Bonus shares has been declared to increase Tier-1 capital of the Bank in compliance with Basel III requirements which is essential for the growth of the Bank. ii) The stock Dividend is declared from the profit of the year ended on December 31,2019. iii) The Bonus shares is not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance.
2020-06-29: Un-audited Financial Statement
UCB: (Quarter 1) As per un-audited financial statements of United Commercial Bank Limited, Consolidated EPS was Tk. 0.34 for January-March 2020 as against Tk. 0.38 for January-March 2019. Consolidated NOCFPS was Tk. 0.73 for January-March 2020 as against Tk. (5.25) for January-March 2019. Consolidated NAV per share was Tk. 29.13 as on March 31, 2020 and Tk. 24.95 as on March 31, 2019.
2020-06-29: CB Free
UCB: There will be no price limit on the trading of the shares of the Company today 29.06.2020 following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.
2020-06-29: Recommendation of Dividend
UCB: The Board of Directors has recommended 5% cash and 5% stock dividend for the year ended on December 31, 2019. Date of AGM: 03.09.2020, Time: 11:00 AM. Venue: Digital Platform. Record date: 19.07.2020. The Company has also reported Consolidated EPS of Tk. 2.46, Consolidated NAV per share of Tk. 28.77 and Consolidated NOCFPS of Tk. 2.61 for the year ended on December 31, 2019 as against Tk. 2.16, Tk. 26.21 and Tk. (9.55) respectively for the same period of the previous year.
2020-06-18: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on June 28, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020.
2020-06-18: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on June 28, 2020 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019.
2019-10-16: Issuance of perpetual Bond
UCB: United Commercial Bank Limited has informed that the Board of Directors has decided to raise Tk. 400.00 crore through issuance of Perpetual Bond as Additional Tire- 1 (AI-1) capital to support Bank's Basel III compliance in line with Bangladesh Bank Guidelines on Risk Based Capital Adequacy dated December 2014 and to support the business growth of the Bank, subject to approval of all concerned regulatory authorities.
2019-10-16: Un-audited Financial Statements
UCB: (Quarter 3) As per un-audited financial statements of United Commercial Bank Limited, Consolidated EPS was Tk. 0.72 for July-September 2019 as against Tk. 0.66 for July-September 2018; Consolidated EPS was Tk. 1.76 for January-September 2019 as against Tk. 1.62 for January-September 2018. Consolidated NOCFPS was Tk. (0.56) for January-September 2019 as against Tk. (5.49) for January-September 2018. Consolidated NAV per share was Tk. 26.34 as on September 30, 2019 and Tk. 23.88 as on September 30, 2018.
2019-10-09: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on October 15, 2019 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2019.
2019-07-28: Un-audited HY A/Cs
UCB: (Quarter 2) As per un-audited half yearly accounts of United Commercial Bank Ltd., Consolidated EPS was Tk. 0.71 for April-June, 2019 as against Tk. 0.74 for April-June, 2018; Consolidated EPS was Tk. 1.15 for January-June, 2019 as against Tk. 1.05 for January-June, 2018. Consolidated NOCFPS was Tk. 5.16 for January-June, 2019 as against Tk. (9.42) for January-June, 2018. Consolidated NAV per share was Tk. 28.18 as on June 30, 2019 and Tk. 25.54 as on June 30, 2018.
2019-07-22: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on July 25, 2019 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2019.
2019-07-09: Bonus Shares Credited
UCB: United Commercial Bank Limited has informed that the Bonus shares of the Company for the year ended on December 31, 2018 have already been credited through CDBL to the respective shareholders' BO Accounts on July 07, 2019.
2019-06-16: Credit Rating
UCB: Emerging Credit Rating Limited (ECRL) has assigned the surveillance rating to United Commercial Bank Limited as ''AA'' in the long term and ''ST-2'' in the short term along with a Stable outlook of the Company based on audited financial statements up to December 31, 2018 and other relevant quantitative as well as qualitative information up to the date of rating.
2019-05-23: Venue & Time of AGM
UCB: United Commercial Bank Limited has further informed that the 36th AGM of the Company will be held at Kurmitola Golf Club (KGC), Dhaka Cantonment, Shaheed Sharani, Dhaka-1206 at 10:00 AM on June 30, 2019. Other information of the AGM will remain unchanged.
2019-05-23: Ex-benefit Price Adjustments
UCB: Please note that the price of the shares of UCB is adjusted today following its ex-benefits date to the extent of its corporate benefits; hence the price limit on the scrip will remain as it is today. Therefore, adjusted price of UCB =Tk.17.60.
2019-05-21: Record Date tomorrow (22.05.2019)
UCB: Trading of the shares of United Commercial Bank Limited will remain suspended on its record date i.e., 22.05.2019. Trading of the shares of the Company will resume on 23.05.2019.
2019-05-19: Spot trade from tomorrow (20.05.2019)
UCB: Trading of the shares of United Commercial Bank Limited will be allowed only in the Spot Market from 20.05.2019 to 21.05.2019 as the record date of the Company is on 22.05.2019.
2019-05-15: Un-audited Financial Statements
UCB: (Quarter 1) As per un-audited financial statements of United Commercial Bank Limited, Consolidated EPS was Tk. 0.44 for January-March 2019 as against Tk. 0.31 for January-March 2018. Consolidated NOCFPS was Tk. (5.78) for January-March 2019 as against Tk. 1.88 for January-March 2018. Consolidated NAV per share was Tk. 27.46 as on March 31, 2019 and Tk. 25.80 as on March 31, 2018.
2019-05-09: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on May 14, 2019 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2019.
2018-11-19: Formation of a Subsidiary Company to Provide Mobile Financial Services
UCB: United Commercial Bank Limited has informed that the Board of Directors has decided to form a Subsidiary Company of UCB, aiming to provide Mobile Financial Services (MFS) subject to completion of all regulatory formalities. Initial Authorized and Paid-up Capital of this subsidiary company will be Tk. 500.00 crore and Tk. 50.00 crore respectively which shall be increased from time to time as per investment requirement of the regulatory authority. The Company will hold at least 51% shares of the Subsidiary Company and rest 49% shares may be offered to national/ international reputed MFS/DFS providers as per MFS guidelines of Bangladesh Bank.
2018-11-18: Appointment of Managing Director
UCB: United Commercial Bank Limited has informed that Mr. Mohammed Shawkat Jamil has been assumed as the Managing Director of the Bank with effect from November 13, 2018.
2018-11-07: Consent accorded by BSEC to issue Subordinated Bond
UCB: With reference to their earlier news disseminated by CSE on 30 August 2018 regarding Issuance of UCB 4th Subordinated Bond, United Commercial Bank Ltd. has further informed that BSEC has given consent under the provisions of the Securities and Exchange Commission (Private Placement of Debt Securities) Rules, 2012, for raising of Tier-II Regulatory Capital of the company of Tk. 800.00 crore through issuance of Unsecured, Non-convertible, Non-listed and Redeemable UCB Fourth Subordinated Bond for 7 (Seven) years tenure with interest of Benchmark rate plus 2.50% p.a. margin with coupon floor rate of 7.00% p.a. and coupon Celling Rate of 10.50% p.a. subject to approval from Bangladesh Bank.
2018-10-24: Un-audited Financial Statements
UCB: (Quarter 3) As per un-audited financial statements of United Commercial Bank Limited, Consolidated EPS was Tk. 0.73 for July-September 2018 as against Tk. 1.25 for July-September 2017; Consolidated EPS was Tk. 1.78 for January-September 2018 as against Tk. 2.50 for January-September 2017. Consolidated NOCFPS was Tk. (6.04) for January-September 2018 as against Tk. 11.88 for January-September 2017. Consolidated NAV per share was Tk. 26.27 as on September 30, 2018 and Tk. 25.38 as on September 30, 2017.
2018-10-18: Board Meeting
UCB: United Commercial Bank Limited has informed that the Board Meeting of the Company will be held on October 23, 2018 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2
2018-08-30: Issuance of UCB Fourth Subordinated Bond
UCB: United Commercial Bank Ltd. has informed that the Board of Directors has approved the issuance of Unsecured, Non-Convertible, Non-Listed and Redeemable UCB 4th Subordinated Bond of Tk. 800 Crore for 7 years as a part of Tier-II Regulatory Capital of the Bank, subject to approval of the Regulatory Authorities.
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