DHAKA: UCB Investment Limited and Rupali Investment
Limited jointly organized ‘Capital Market Stakeholders Meet – Unlock
Possibilities in the Next Chapter of Progress’ at The Westin Dhaka recently,
bringing together key capital market stakeholders, investors and other market
participants.
The discussion focused on Bangladesh’s economy and the
role of the capital market in supporting the country’s next chapter of growth.
Participants discussed recent regulatory initiatives and practical reforms
being introduced by the current leadership of the Bangladesh Securities and
Exchange Commission (BSEC) to help create a more supportive environment for the
development of the country’s capital market.
The event featured speeches by United Commercial Bank PLC
(UCB) Chief Executive Officer Mohammad Mamdudur Rashid; Rupali Investment
Limited Chairman and Rupali Bank PLC Managing Director Kazi Md. Wahidul Islam;
Rupali Investment Limited Chief Executive Officer Md. Fokhrul Hasan; Dhaka
Stock Exchange PLC Director Minhaz Mannan Emon; and UCB Investment Limited
Managing Director and Chief Executive Officer Tanzim Alamgir.
Speakers noted that stronger private-sector and industrial
investment will be important for sustaining economic growth in the coming
years. In this process, banks, financial institutions and the capital market
will all have an important role in mobilizing and channeling funds to
productive sectors of the economy. In this context, strengthening the capital
base of banks remains important to enhance their ability to support businesses
and broader economic activity.
UCB Chief Executive Officer Mohammad Mamdudur Rashid said,
‘Over the past two years, we have placed particular emphasis on strengthening
the bank’s liquidity, loan management and recovery efforts, as well as its
overall financial capacity. As a result, the bank is now firmly moving from
stability towards sustainable growth. Our ongoing rights share issue will further
strengthen the bank’s capital base and enhance its capacity for future growth.
In this journey, the confidence and participation of our shareholders and
capital market stakeholders are extremely important to UCB.’
Kazi Md. Wahidul Islam, Chairman of Rupali Investment
Limited and Managing Director of Rupali Bank PLC, said, ‘United Commercial
Bank’s recent turnaround journey is a notable example in the country’s banking
sector. Strong leadership, timely decision-making, and clear strategic
direction have played a significant role in driving this progress.Rupali Bank
and Rupali Investment will continue to stand alongside UCB as partners in this
journey and work together in the broader interest of the country’s economy.’
