United Commercial Bank PLC announcements
541 Dhaka Stock Exchange announcements for United Commercial Bank PLC (UCB) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (32).
- (Q3 Un-audited): Consolidated EPS was Tk. 0.66 for July-September 2024 as against Tk. 0.51 (restated) for July-September
(Q3 Un-audited): Consolidated EPS was Tk. 0.66 for July-September 2024 as against Tk. 0.51 (restated) for July-September 2023; Consolidated EPS was Tk. 1.51 for January-September 2024 as against Tk. 1.14 (restated) for January-September 2023. Consolidated NOCFPS was Tk. (6.79) for January-September 2024 as against Tk. 33.24 (restated) for January-September 2023. Consolidated NAV per share was Tk. 28.37 as on September 30, 2024 and Tk. 27.37 (restated) as on September 30, 2023. (cont.)
- Q3 Financials
(Continuation news of UCB): Reasons for deviation in EPS and NOCFPS: EPS has been increase due to higher interest income from loans and advances; higher income from investment and higher commission and fees income. NOCFPS has been decreased mainly due to higher disbursement of loans and advances to customers in comparison of lower growth in deposits mainly due to political turmoil of the country while maintaining the liquidity ratio as per Bangladesh Bank's guideline. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 29, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
- Appointment of Managing Director
The company has informed that Mr. Mohammad Mamdudur Rashid joined as the Managing Director of the company on September 30, 2024.
- Declaration of Share receipt by a Sponsor
Ms. Sultana Hashem, one of the Sponsors of the Company, has informed that she will receive 1,198,763 shares from her husband Late M.A. Hashem, as a successor as per succession certificate issued by the Honorable Court.
- Cancellation of investment decision as Sponsor of a Mutual Fund
Refer to the earlier news disseminated by DSE on 28.05.2024, the company has further informed that the Board of Directors of the company, among others, has decided to cancel the decision of investing Tk. 50.00 Crore as Sponsor of a Closed End Growth Mutual Fund Managed by CAPITEC Asset Management Limited considering the prevailing market situation.
- The company has informed that Bangladesh Bank, on August 27, 2024, dissolved the previous Board of the company and forme
The company has informed that Bangladesh Bank, on August 27, 2024, dissolved the previous Board of the company and formed the new Board of Directors of the company. Subsequently, a Meeting of the Board of Directors of the company was held on August 29, 2024 and (cont.)
- Reconstitution of the Board of Directors of the company
(Continuation news of UCB): the Board was reconstituted as follows: 1. Mr. Sharif Zahir, Chairman, 2. Mr. Md. Shazzad Hossoin, Independent Director & Vice-Chairman, 3. Mr. Md. Tanvir Khan, Director & Chairman, Executive Committee, 4. Mr. Obaidur Rahman, FCA, Independent Director & Chairman, Audit Committee and 5. Mr. Md. Yusuf Ali, Independent Director & Chairman, Risk Management Committee (end)
The first part of this announcement is missing from the archive. - Dividend Disbursement
The company has informed that it has credited the Bonus Shares to the respective shareholders' BO Accounts and it has also disbursed the Cash Dividend to the respective shareholders for the year ended December 31, 2023.
- (Q2 Un-audited): Consolidated EPS was Tk. 0.43 for April-June 2024 as against Tk. 0.33 (restated) for April-June 2023; C
(Q2 Un-audited): Consolidated EPS was Tk. 0.43 for April-June 2024 as against Tk. 0.33 (restated) for April-June 2023; Consolidated EPS was Tk. 0.86 for January-June 2024 as against Tk. 0.65 (restated) for January-June 2023. Consolidated NOCFPS was Tk. 6.78 for January-June 2024 as against Tk. 27.57 (restated) for January-June 2023. Consolidated NAV per share was Tk. 28.69 as on June 30, 2024 and Tk. 27.71(restated) as on June 30, 2023. (cont.)
- Q2 Financials
(Cont. news of UCB): Reasons for deviation in EPS and NOCFPS: EPS increased mainly due to higher interest income from loans and advances; and higher commission and fees income. NOCFPS has decreased mainly due to higher disbursement of loans and advances to the customers while maintaining the liquidity ratio as per Bangladesh Bank guideline. (end)
The first part of this announcement is missing from the archive. - Reschedule of Board Meeting under LR 16(1)
The Company has further informed that due to unavoidable circumstances the meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on July 30, 2024 at 3:00 PM instead of July 24, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for Second Quarter (Q2) period ended June 30, 2024.
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has affirmed Surveillance rating of the Company as "AA" in the long term and "ST-2" in the short term along with a Stable outlook based on audited financial statements up to December 31, 2023 and other available information up to the date of rating declaration.
- Resumption after Record date
Trading of the shares of the company will resume on 04.06.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 03.06.2024 for entitlement of 5% Stock Dividend.
- Spot for entitlement of 5% Stock Dividend
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 30.05.2024 to 02.06.2024 and trading of the shares will remain suspended on record date i.e., 03.06.2024 for entitlement of 5% Stock Dividend.
- Regarding investment of Tk. 50.00 Crore as Sponsor of a Growth Mutual Fund
The company has made an investment of Tk. 50.00 Crore as Sponsor of a Closed End Growth Mutual Fund to be Managed by CAPITEC Asset Management Limited.
- Record date for the 5% Stock Dividend for the year 2023
Refer to their earlier news disseminated by DSE on 27.05.2024 regarding BSEC consent for issuance of 5% stock dividend, the company has further informed that the Board of Directors of the company has fixed the record date on June 03, 2024 for the entitlement of 5% Stock Dividend for the year ended December 31, 2023.
- Board decision to invest Tk. 50.00 Crore as Sponsor of a Mutual Fund
Revised news: Refer to their news disseminated by DSE on today (28.05.2024) regarding investment of Tk. 50.00 Crore as Sponsor of a Growth Mutual Fund, it is to be informed that the Board of Directors of the company, among others, has decided to invest Tk. 50.00 Crore as Sponsor of a Closed End Growth Mutual Fund to be managed by CAPITEC Asset Management Limited. Please ignore the previous news regarding this.
- BSEC consent for issuance of 5% stock dividend
Refer to their earlier news disseminated by DSE on 21.05.2024 regarding stock dividend for the year ended December 31, 2023, the company has further informed that Bangladesh Securities and Exchange Commission has accorded its consent for raising the Paid-up Capital through the Issuance of Bonus Shares (5% Stock Dividend) for the year ended December 31, 2023. The record date for the entitlement of 5% stock to be declared soon.
- Resumption after Record date
Trading of the shares of the company will resume on 26.05.2024.
- Regarding stock dividend for the year ended December 31, 2023
Refer to their earlier news disseminated by DSE on 30.04.2024 regarding dividend declaration, the company has informed that they are yet to receive BSEC's consent of the 5% stock dividend. In view of the foregoing, the record date of May 23, 2024 will be applicable for the 5% cash dividend and the Bank's 41st AGM only. The record date for the 5% stock dividend will be announced once the consent is obtained from BSEC.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 23.05.2024.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 20.05.2024 to 21.05.2024 and trading of the shares will remain suspended on record date i.e., 23.05.2024.
- The Board of Directors has recommended 5\% Cash and 5\% Stock Dividend for the year ended December 31, 2023. The Stock D
The Board of Directors has recommended 5\% Cash and 5\% Stock Dividend for the year ended December 31, 2023. The Stock Dividend is subject to the approval of Regulatory Authorities. Date of AGM: 30.06.2024, Time: 3:00 PM, Venue: Digital Platform. Record date: 23.05.2024. The Company has also reported consolidated EPS of Tk. 1.52, consolidated NAV per share of Tk. 28.81 and consolidated NOCFPS of Tk. 33.83 for the year ended December 31, 2023 as against Tk. 2.29(diluted), Tk. 27.84(diluted) (cont.1)
- (Continuation news of UCB): and Tk. (12.91) (diluted) respectively for the year ended December 31, 2022. Disclosures reg
(Continuation news of UCB): and Tk. (12.91) (diluted) respectively for the year ended December 31, 2022. Disclosures regarding recommendation of Stock Dividend: i) Stock Dividend has been recommended to strengthen the capital base of the company to comply with the regulatory requirements and to support the business growth; ii) Stock Divined has been declared out of accumulated profit; (cont.2)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.44 for January-March 2024 as against Tk. 0.32 (restated) for January-March 2023. Consolidated NOCFPS was Tk. (4.99) for January-March 2024 as against Tk. 15.67 (restated) for January-March 2023. Consolidated NAV per share was Tk. 28.74 as on March 31, 2024 and Tk. 27.83 (restated) as on March 31, 2023.
- Dividend Declaration
(Continuation news of UCB): iii) Stock Dividend has not been declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid-up capital or through doing anything so that the post-dividend retained earnings become negative or a debit balance. (end)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.04.2024) following its corporate declaration.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 29, 2024 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 29, 2024 at 03:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
- Board decision to increase authorized capital
The company has informed that the Board of Directors of the company has decided to increase the Authorized Capital of United Commercial Bank PLC from BDT 1500,00,00,000.00 (Fifteen Hundred Crore) to BDT 2500,00,00,000.00 (Twenty-Five Hundred Crore) subject to approval of regulatory authorities and approval of the shareholders in the 41st Annual General Meeting of the Bank.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.