UCB posts record deposit growth to strengthen liquidity position
United Commercial Bank PLC (UCB) reported robust business growth and digital transformation in 2025, as revealed at its 43rd Annual General Meeting (AGM) on 11 June 2026.
Shareholders at the AGM voiced strong support for enhancing governance, accelerating the adoption of technology-driven banking services, and reinforcing a sustainable capital structure.
The meeting took place at 9:00 am on Thursday at Kurmitola Golf Club in Dhaka, chaired by Board Chairman Sharif Zahir.
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Key directors and senior management, including Vice Chairman Md Shazzad Hossoin; Executive Committee Chairman Md Tanvir Khan; Audit Committee Chairman Imam Hasan FCA; Risk Management Committee Chairman Md Yusuf Ali; Managing Director and CEO Mohammad Mamdudur Rashid; and Deputy Managing Director and CFO Faruk Ahammad FCA, were present.
Despite persistent macroeconomic challenges, UCB delivered notable business growth and modernisation during 2025.
Deposits surged by a record 23%, more than double the industry average of 11%.
Total deposits rose by approximately Tk13,000 crore to Tk68,394 crore. Around 678,000 new customer accounts were opened in the same period.
Effective balance sheet management enabled UCB to reduce its loan-to-deposit ratio from 91.3% to 83%, significantly improving liquidity.
Loans and advances grew by 8%, while recoveries from classified and written-off loans reached Tk114 crore—nearly three times higher than the previous year.
The classified loan ratio peaked at 19% following new regulatory policies.
However, enhanced risk management and recovery efforts brought the ratio down by nearly four percentage points to 15.5%.
Islamic banking operations saw deposits jump 163% and investments rise 145%.
Agent banking operations turned profitable for the first time, marking a milestone in UCB's inclusive banking initiatives.
Disciplined cost management reduced other operating expenses by about Tk97 crore.
Notably, this growth was achieved with only a 3% increase in workforce.
UCB advanced its digital transformation by launching the country's first microservices-based Open API banking platform and the UCB One App.
Nearly 65% of total transactions are now conducted through digital channels.
Shareholders expressed satisfaction with recent business performance and overall progress.
Company Secretary Tanvir A Siddique, FCA, thanked shareholders, regulators, and stakeholders for their continued support and trust.
With the chairman's approval, he formally closed the meeting.
