Business Report :
United Commercial Bank PLC has been approved a 5 per cent stock and a 5 per cent cash dividend for the financial year 2023. The declaration came out through its 41st Annual General Meeting held virtually on Monday while the bank’s Vice-Chairman Bashir Ahmed presides over the meeting.
Among others Independent Director and Audit Committee Chairman Touhid Shipar Rafiquzzaman; Chairman, of UCB Foundation Nurul Islam Chowdhury; Directors namely Bazal Ahmed; Asifuzzaman Chowdhury; Md. Nasim Kalam; Mrs. Masuma Parvin; Syed Kamruzzaman; Muhammed Shah Alam; Kanak Kanti Sen; Md. Asked Ali Sarker; Independent Director Dr. Aparup Chowdhury; Independent Director Professor Dr. Iftekhar Uddin Chowdhury; Independent Director Md. Abdul Hannan; and Chairman of Shariah Supervisory Committee Professor Dr. Mohammad Abdur Rashid were present at the AGM.
Moreover, Managing Director & CEO of UCB Arif Quadri and Chief Financial Officer Faruk Ahammed FCA were also present at the AGM.
UCB Managing Director, Arif Quadri sketched the backdrop of success and the cumulative scenario of the achievement of bank in his speech. He told that UCB developed a balanced and sustainable business model against all obstacles through organic growth.