Union Bank PLC. announcements
91 Dhaka Stock Exchange announcements for Union Bank PLC. (UNIONBANK) since 2022: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2025 (18).
- Reduction of entire Paid-up Capital to 0 by Order of Bangladesh Bank
With reference to the letter Ref. No. BRD/12-Resolution/710 dated 22 December 2025 along with the Capital Reduction Order No. BRD/2025-4 dated 21 December 2025 of Bank Resolution Department (BRD) of Bangladesh Bank in respect of reduction of Paid-Up Capital of Union Bank PLC. under Section 33 of the Bank Resolution Ordinance, 2025, the company has informed that pursuant to Clause 1(A) of the above mentioned Order, the entire paid-up capital of (cont.1) (Cont. news of UNIONBANK): In the above background, the Bank will take necessary measures to complete all types of internal procedures following the compliances to reduce the entire paid up capital of Union Bank PLC. to Zero (0) including the financial statements. (end) (Cont. news of UNIONBANK): cancelled and all associated shareholders' rights including voting, dividends, claims, or remedies are extinguished. It may also be mentioned that as per Clause 2(B) of the said Order, no approval or consent of shareholders, creditors, regulators, stock exchanges, or any other person shall be required for the validity of this Order, pursuant to Section 33(2) of the Ordinance. (cont.3) (Cont. news of UNIONBANK): Union Bank PLC. amounting to BDT 1036,28,04,480 is reduced to zero (0). Also according to the Clause No. 2(A) of the Order, the same takes immediate effect and shall be effective from 05 November 2025. Besides, upon issuance of this Order (Clause No. 1.B), all related shares issued by the Bank stand fully written down and (cont.2)
- Qualified Opinion and Other Matters
The auditor of the company has given the Qualified Opinion, Emphasis of Matter and Other Matter paragraph in the audited financial statements of the company for the year ended December 31, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2025/Union%20Bank%20PLC_2025.pdf
- Regarding Audited Financials of Year 2024
The company has informed that the Audited Financial Statements for the year ended December 31, 2024 was adopted on November 13, 2025. The Company has reported EPS of Tk. (248.91), NAV per share of Tk. (237.44), and NOCFPS of Tk. (22.09) for the year ended December 31, 2024 as against Tk. (2.82), Tk. 11.66 and Tk. (0.27) respectively for the year ended December 31, 2023.
- Qualified Opinion and Emphasis of Matters
The auditor of the company has given the "Qualified Opinion" and "Emphasis of Matters" paragraphs in the Auditor's Report of the company for the year ended December 31, 2023. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2025/UNIONBANGLA2023.pdf
- Suspension of Trading
Trading of shares of Union Bank PLC. shall remain suspended with effect from today, November 6, 2025 until further notice as Bangladesh Bank vide its letter No. BRD/6-Information(Government)/2025-540 dated November 5, 2025 has declared the bank as non-viable (okarjokar) with effect from November 5, 2025 in accordance with the section 15 of the Bank Resolution Ordinance, 2025.
- Appointment of Administrator in the company by Bangladesh Bank
The company has informed that Bangladesh Bank vide its letter dated November 05, 2025 has informed that Union Bank PLC. has been placed in resolution process under Section 15 of the Bank Resolution Ordinance, 2025 and existing Board of Directors have been relieved from their duties effective from November 05, 2025. In addition, vide letter dated November 05, 2025 Bangladesh Bank has appointed Mr. Mohammad Abul Hashem, Director, (cont.) (Cont. news of UNIONBANK): Bangladesh Bank as Administrator of the Bank effective from November 05, 2025. The following members from Bangladesh Bank has been assigned to assist the Administrator: 1. Mr. Kazi Abdul Mannan, Additional Director, 2. Mr. Md. Al Mehedi Hasan, Additional Director, 3. Mr. Md. Tariqul Islam, Joint Director and 4. Mr. Sagar Hussain, Joint Director (end)
- Regarding dividend and rectified Audited Financials of 2023
The Board of Directors of the company has proposed "No Dividend" for the year ended December 31, 2023, subject to shareholders' approval. The Board, after receiving due consent from Bangladesh Bank, engaged the Statutory Audit of the company to rectify material errors with the previously adopted audited financial statement and based on the rectified financial statements, it is found that there was net loss (cont.1) (Cont. news of UNIONBANK): The Company has also reported EPS of Tk. (2.82), NAV per share of Tk. 11.66, and NOCFPS of Tk. (0.27) for the year ended December 31, 2023 (Rectified) as against Tk. 1.57, Tk. 15.82 and Tk. (13.81) respectively for the year ended December 31, 2022. The date, time and venue of 11th Annual General Meeting will be notified later, upon disposal of the writ petition (Company Matter No. 02 of 2025 dated January 06, 2025) by Honorable High Court Division. (end) (Cont. news of UNIONBANK): at the 11th AGM. Bangladesh Bank dissolved the previous Board and reconstituted a new Board of Directors of Union Bank PLC on August 27, 2024. With the consent of Bangladesh Bank, the newly constituted Board rectified the audited financial statements for the year ended December 31, 2023 due to identification of material errors. Record Date: 06.06.2024 (Remain unchanged as previously published PSI on April 25, 2024). (cont.3) (Cont. news of UNIONBANK): for the year ending 2023 and resultant accumulated loss and considering the legal embargo from distributing dividend other than out of profits of the year or any other undistributed profit, the Board has resolved to place before the shareholders a recommendation of "No Dividend" for the year 2023, in substitution of the 5% Cash Dividend previously recommend (PSI dated April 25, 2024). This revised recommendation is subject to approval of the shareholders (cont.2)
- 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 October 23, 2025 at 3:00 PM to consider, among others, Rectified audited financial statements of the Company for the year ended December 31, 2023.
- Bangladesh Bank's approval to rectify Audited Financials of 2023
The company has informed that Bangladesh Bank vide a letter dated October 14, 2025 accorded its approval to rectify the Audited Financial Statements for the year ended 31 December 2023 and obtain the revised audit report thereof.
- Bangladesh Bank's approval to rectify FS for Year 2023
The company has informed that Bangladesh Bank vide its letter dated October 14, 2025 accorded its approval to rectify the Audited Financial Statements for the year ended 31 December 2023 and obtain the revised audit report thereof.
- Clarification on recent news published in newspaper
In response to a DSE query to the company regarding a news published in a newspaper titled "United Islami Bank is being formed: Eight Members Committee" (translated from Bangla title) on September 14, 2025, the company has submitted a clarification vide its letter dated September 15, 2025. To view the letter, please visit the following link: https://www.dsebd.org/Annexure/2025/UNIONBANK_2025.pdf
- Clarification on recent news published in newspaper
In response to a DSE query to the company regarding a news published in a newspaper titled "Three Banks Agree to Merge, Two Oppose" on September 07, 2025, the company has submitted clarification vide its letter dated September 09, 2025. To view the letter, please visit the following link: https://www.dsebd.org/Annexure/2025/UNION_BANK_2025.pdf
- Auditor's report regarding status of IPO Proceeds utilization (Q1)
Union Bank PLC submitted auditor's report regarding status of IPO (Initial Public Offering) Proceeds utilization statement for the First Quarter (Q1) ended March 31, 2025. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2025/UnionBankQ1_2025.pdf
- Auditor's report regarding status of IPO Proceeds utilization (Q3)
Union Bank PLC submitted auditor's report regarding status of IPO (Initial Public Offering) Proceeds utilization statement for the Third Quarter (Q3) ended September 30, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/UnionbankQ3_2024.pdf
- Auditor's report regarding status of IPO Proceeds utilization (Q4)
Union Bank PLC submitted auditor's report regarding status of IPO (Initial Public Offering) Proceeds utilization statement for the Fourth Quarter (Q4) ended December 31, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/UnionbankQ4_2024.pdf
- Appointment of Managing Director
The Company has informed that pursuant to the decision of the Board of Directors of the Company and subsequent approval from Bangladesh Bank Mr. Mohd. Humayun Kabir has assumed the office of Managing Director on March 02, 2025.
- Category Change
The Company has been placed in 'Z' category from existing 'B' category with effect from today i.e., January 15, 2025 according to provision 1(b) of BSEC Directive No. BSEC/CMRRCD/2009-193/77 dated May 20, 2024 regarding non holding of Annual General Meeting (AGM) within the stipulated time frame.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase securities of Union Bank PLC. with effect from today i.e., January 15, 2025 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.