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Tag: UCB’s net profit saw 32% increase as third quarter ends

UCB’s net profit saw 32% increase as third quarter ends, stands at BDT 262 Crore

UCB’s net profit saw 32% increase as third quarter ends, stands at BDT 262 Crore

Breaking News, Business
United Commercial Bank PLC Limited (UCB), held its 501st Board meeting on recently at its corporate head office. The meeting was presided by the distinguished businessperson and Chairman of UCB Sharif Zahir. Md Shazzad Hossoin, vice-chairman of UCB; Md Yusuf Ali, chairman of the risk management committee; Obaidur Rahman, chairman of the audit committee; and Mohammad Mamdudur Rashid, managing director and CEO of UCB were all present in the meeting along with others from the senior management. In this meeting, the Board approved the financial statements of Q3'24. The statements have reported a significant 32% increase in net profit for the first nine months of 2024. The bank's net profit after tax reached BDT 262 crore, up from BDT 199 crore in the same period last year, driven by higher i...