UCB
Tk 75cr loss looms over UCB as stock investment raises questions
United Commercial Bank (UCB) PLC is on the verge of incurring losses of around Tk 75 crore as one-third of its total share market investment has been on a lone stock that has undergone price manipulation.
BFIU asks banks to freeze accounts of former UCB director, family members
BFIU has directed banks to freeze all accounts belonging to Anisuzzaman Chowdhury Ronny, a former director of United Commercial Bank, and brother of former land minister Saifuzzaman Chowdhury Javed, along with his family members.
‘We were forced to leave UCB, and the PM knew everything’
Former land minister Saifuzzaman Chowdhury Javed compelled UCB board members to resign and former prime minister Sheikh Hasina was aware of this, according to the lender’s new Chairman Sharif Zahir.
How UCB’s Ronny acquired so much offshore assets
As Saifuzzaman Chowdhury Javed’s grip over United Commercial Bank (UCB) created a trail of disguised loans with abuse of political influence after he became a minister in 2019 back home, his brother Anisuzzaman Chowdhury Ronny’s assets saw a meteoric rise in the UK.
The long, dark past of UCB
The central bank has just reconstituted the board of United Commercial Bank (UCB) for financial wrongdoings, but it has a darker past – a takeover at gunpoint by a politically influential family over a quarter of a century ago.
UCB freed from ex-land minister, family’s grip
The family of former land minister Saifuzzaman Chowdhury Javed lost its grip on United Commercial Bank (UCB) yesterday as the Bangladesh Bank dissolved the lender’s board of directors.
UCB’s profit falls 43.50% in April-June
United Commercial Bank PLC suffered a 43.50 per cent year-on-year decline in profit in April-June of 2023 owing to a significant decrease in the operating profit stemming from a spike in interest expenses on deposits and borrowings and operating expenditures.
UCB, IFIC get regulatory nod to issue stock dividend
UCB said the commission has accorded its consent for the bank's declaration of 5 per cent stock dividend for 2022. IFIC said it has received the regulatory permission to raise its paid-up capital by issuing a 2.50 per cent stock dividend for the last financial year.
Bank robbery attempted at UCB Chattogram branch
Miscreants tried to rob a branch of United Commercial Bank (UCB) Limited in Chattogram early yesterday by drugging the security guard, but they apparently failed to break the bank vault.
Tk 75cr loss looms over UCB as stock investment raises questions
United Commercial Bank (UCB) PLC is on the verge of incurring losses of around Tk 75 crore as one-third of its total share market investment has been on a lone stock that has undergone price manipulation.
BFIU asks banks to freeze accounts of former UCB director, family members
BFIU has directed banks to freeze all accounts belonging to Anisuzzaman Chowdhury Ronny, a former director of United Commercial Bank, and brother of former land minister Saifuzzaman Chowdhury Javed, along with his family members.
‘We were forced to leave UCB, and the PM knew everything’
Former land minister Saifuzzaman Chowdhury Javed compelled UCB board members to resign and former prime minister Sheikh Hasina was aware of this, according to the lender’s new Chairman Sharif Zahir.
How UCB’s Ronny acquired so much offshore assets
As Saifuzzaman Chowdhury Javed’s grip over United Commercial Bank (UCB) created a trail of disguised loans with abuse of political influence after he became a minister in 2019 back home, his brother Anisuzzaman Chowdhury Ronny’s assets saw a meteoric rise in the UK.
The long, dark past of UCB
The central bank has just reconstituted the board of United Commercial Bank (UCB) for financial wrongdoings, but it has a darker past – a takeover at gunpoint by a politically influential family over a quarter of a century ago.
UCB freed from ex-land minister, family’s grip
The family of former land minister Saifuzzaman Chowdhury Javed lost its grip on United Commercial Bank (UCB) yesterday as the Bangladesh Bank dissolved the lender’s board of directors.
UCB’s profit falls 43.50% in April-June
United Commercial Bank PLC suffered a 43.50 per cent year-on-year decline in profit in April-June of 2023 owing to a significant decrease in the operating profit stemming from a spike in interest expenses on deposits and borrowings and operating expenditures.
UCB, IFIC get regulatory nod to issue stock dividend
UCB said the commission has accorded its consent for the bank's declaration of 5 per cent stock dividend for 2022. IFIC said it has received the regulatory permission to raise its paid-up capital by issuing a 2.50 per cent stock dividend for the last financial year.
Bank robbery attempted at UCB Chattogram branch
Miscreants tried to rob a branch of United Commercial Bank (UCB) Limited in Chattogram early yesterday by drugging the security guard, but they apparently failed to break the bank vault.