Shareholders have approved 5% Stock and 5% Cash dividend for the year ended 31 December 2019
The 37th Annual General Meeting (AGM) of United Commercial Bank Limited (UCB) held on Thursday.
The meeting was presided by Bazal Ahmed; Vice-Chairman of the Bank. In the backdrop of Covid-19 crisis, the AGM was conducted virtually through video conference to ensure health and safety concern as guided by Bangladesh Securities and Exchange Commission and Bangladesh Bank.
In the AGM, shareholders have approved 5% Stock and 5% Cash dividend for the year ended 31 December 2019.
Vice Chairman of UCB Bazal Ahmed in his speech to shareholders said that UCB had generated attractive financial results in the previous year. UCB gained a tremendous growth in every arena like operating profit, loan and advances, deposit etc. He also expressed that UCB will be continuing to serve the interest of shareholders, clients and communities on the whole.
The programme was conducted by Company Secretary of the bank ATM Tahmiduzzaman FCS.
Among others Independent Director & Audit Committee Chairman Akhter Matin Chaudhury; Risk Management Committee Chairman MA Sabur; Director Nurul Islam Chowdhury; Director Bashir Ahmed; Director Syed Kamruzzaman; Director Muhammed Shah Alam; Director Professor Dr Md Jonaid Shafiq; Independent Director Dr Aparup Chowdhury and Independent Director Touhid Shipar Rafiquzzaman virtually attended the AGM.
Moreover, Managing Director of UCB Muhammed Shawkat Jamil and Chief Financial Officer Faruk Ahammad were also present at the AGM.
UCB Managing Director, Muhammed Shawkat Jamil sketched the backdrop of success and the cumulative scenario of achievement of bank in his speech. He told that UCB developed a balanced and sustainable business model against all obstacles through organic growth.
Being a leading First Generation Private Sector Bank incepted in 1983, UCB is now well-poised and a praiseworthy name in the Banking arena.