UCB profit drops 34% in 2023

Besides, the bank declared 5% cash and 5% stock dividends to its shareholders for the year 2023.

TBS Report

29 April, 2024, 08:30 pm

Last modified: 29 April, 2024, 08:52 pm

The United Commercial Bank (UCB) reported that its net profit dropped by 34% in 2023, compared to the previous year.

During the last year, its consolidated earnings per share was Tk1.52, lowering from Tk2.29 in 2022.

Besides, the bank declared 5% cash and 5% stock dividends to its shareholders for the year 2023, the company said today (29 April) in its un-audited financial statement for the period.

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To secure shareholder approval for the dividend and audited financial statement, it will conduct the annual general meeting on 30 June and the record date is 23 May.

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