The 43rd Annual General Meeting (AGM) of United Commercial Bank PLC (UCB), one of the leading private commercial banks in the country, was successfully held. At the meeting, shareholders unanimously approved a commitment to strengthening good governance within the bank, expanding technology-driven banking services, and building a sustainable capital structure.

The AGM was held on Thursday (11 June 2026) at 9:00 AM at Kurmitola Golf Club in the capital, Dhaka, and was chaired by Chairman of the Board of Directors of UCB, Sharif Zahir. The meeting was attended by Independent Director and Vice Chairman Md. Shazzad Hossoin, Director and Chairman of the Executive Committee Md. Tanvir Khan, Independent Director and Chairman of the Audit Committee Imam Hasan FCA, Independent Director and Chairman of the Risk Management Committee Md. Yusuf Ali, Managing Director and Chief Executive Officer (CEO) Mohammad Mamdudur Rashid, and Deputy Managing Director and CFO Faruk Ahammad FCA.

The meeting was informed that despite various macroeconomic challenges, UCB achieved remarkable success in business growth and modernization in 2025. During the period, the bank recorded its highest-ever 23 percent deposit growth, more than double the industry average growth of 11 percent in the banking sector. As a result, the bank’s total deposits increased by approximately BDT 13,000 crore, reaching BDT 68,394 crore, while around 6,78,000 new customer accounts were added within the same period.

Through efficient balance sheet management, the bank successfully reduced its loan-to-deposit ratio from 91.3 percent to 83 percent, significantly strengthening its liquidity position. Alongside an 8 percent positive growth in loans and advances, approximately BDT 114 crore was recovered from classified and written-off loans—nearly three times higher than the previous year.

Due to new regulatory policies, the classified loan ratio at one point reached 19 percent; however, through strengthened risk management and intensified recovery efforts, it was brought down by nearly 4 percent to 15.5 percent.

Significant growth was also achieved in Islamic banking operations, where deposits increased by 163 percent and investments grew by 145 percent. In inclusive banking, UCB’s agent banking operations recorded profitability for the first time. Additionally, disciplined cost management helped reduce other operating expenses by approximately BDT 97 crore. This remarkable growth was achieved with only a 3 percent increase in workforce.

In the technology sector, UCB elevated its digital capabilities to a new height through the launch of the country’s first micro services-based Open API banking platform and the UCB One App. As a result, nearly 65 percent of the bank’s total transactions are now conducted through digital channels.

Shareholders expressed their satisfaction with the bank’s recent business performance and overall progress.

At the end of the meeting, Company Secretary Tanvir A Siddique FCA expressed gratitude to the shareholders, regulatory authorities, and all concerned stakeholders for their continued support and trust. Subsequently, with the approval of the Chairman, he declared the meeting closed.