United Commercial Bank PLC (UCB) has made a significant announcement regarding its financial structure. The company’s Board of Directors has resolved to enhance the Authorized Capital of UCB from BDT 1500,00,00,000.00 (Fifteen Hundred Crore) to BDT 2500,00,00,000.00 (Twenty-Five Hundred Crore).
This decision is subject to the approval of regulatory authorities and the shareholders, which will be sought during the upcoming 41st Annual General Meeting of the Bank.
This move reflects UCB’s strategic initiative to strengthen its financial capacity and support its future growth prospects. By increasing the Authorized Capital, UCB aims to enhance its flexibility in undertaking larger-scale operations, expanding its business activities, and seizing growth opportunities in the dynamic banking sector of Bangladesh.
