United Commercial Bank Limited
United Commercial Bank Limited (UCBL) incorporated on 26 June 1983 as a public company with limited liability under the Companies Act 1994. The bank started banking operations with an authorised capital of Tk 100 million divided into 1 million ordinary shares of Tk 100 each. The paid up capital was Tk 35.5 million. Later, both authorised and paid up capital were increased several times and on 31 December 2009, they stood at Tk 1,000 million and Tk 299 million respectively. Of the total paid up capital, Tk 284.56 million was paid by its 37 sponsors and Tk 114.54 million by 3,048 public shareholders. The remaining Tk 14.44 million was subscribed by the government of the People's Republic of Bangladesh. Reserve funds of the bank comprised statutory reserves and general reserves of Tk 2205.00 million in 2009 as against Tk 85.88 million in 1990. The management of the bank is vested in a 20-member board of directors with the managing director as the chief executive. The bank is listed with Dhaka and Chittagong stock exchange.
Basic facts and economic indicators (in million Taka).
|
Indicators |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
|
Authorised capital |
1000 |
1000 |
1000 |
1000 |
1000 |
1000 |
|
Paid up capital |
230 |
230 |
230 |
299 |
299 |
299 |
|
Reserved Fund |
783 |
1045 |
1272 |
1606 |
1889 |
2205 |
|
Deposits |
20970 |
24559 |
33016 |
42296 |
54485 |
77730 |
|
a) Call Deposits |
5057 |
5772 |
6280 |
8510 |
8761 |
12282 |
|
b) Term Deposits |
15913 |
18787 |
26736 |
33786 |
45724 |
65448 |
|
Loans and Advance |
15385 |
20211 |
26110 |
37566 |
44446 |
62350 |
|
Investment |
3020 |
2877 |
6101 |
5518 |
7317 |
9346 |
|
Total Asset |
25059 |
28813 |
38408 |
50181 |
64911 |
90484 |
|
Total income |
2554 |
3188 |
4118 |
6052 |
7850 |
9540 |
|
Total Expenditure |
1696 |
2036 |
2766 |
4034 |
5301 |
6415 |
|
Foreign Currency Trading |
35406 |
45708 |
62377 |
89516 |
100974 |
103239 |
|
a) Export |
10470 |
14785 |
20803 |
27230 |
36500 |
38518 |
|
b) Import |
24386 |
29408 |
39853 |
60329 |
60008 |
58857 |
|
c) Remittance |
550 |
1515 |
1721 |
1957 |
4466 |
5864 |
|
Total Manpower |
1878 |
1949 |
2029 |
2102 |
2292 |
2508 |
|
a) Officers |
1180 |
1236 |
1284 |
1315 |
1519 |
1783 |
|
b) Staff |
698 |
713 |
745 |
787 |
773 |
725 |
|
Correspondent Banks |
317 |
322 |
334 |
345 |
115 |
257 |
|
Total Branches (in numbers) |
80 |
80 |
84 |
84 |
84 |
98 |
|
a) Domestic 80 |
80 |
84 |
84 |
84 |
98 | |
|
b) Overseas |
- |
- |
- |
- |
- |
- |
|
Agriculture Credit |
||||||
|
a) Loan Disbursed |
- |
- |
- |
- |
- |
204 |
|
b) Realised |
- |
- |
- |
- |
- |
111 |
|
Industrial Credit |
||||||
|
a) Loan Disbursed |
1733 |
2381 |
3660 |
4303 |
3071 |
13657 |
|
b) Realsied |
527 |
329 |
457 |
1246 |
1856 |
2975 |
|
Loan Outstanding by Sector |
||||||
|
a) Agriculture and Fisheries |
225 |
451 |
- |
- |
- |
90 |
|
b) Industry |
1539 |
2198 |
3804 |
6131 |
9571 |
13624 |
|
c) Trade and Commerce |
8560 |
13620 |
16506 |
23461 |
26788 |
34931 |
|
d) Poverty Reduction |
- |
- |
- |
- |
- |
- |
Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Bank o Arthik Prothisthan Samuher Karjaboli [Annual Report on Banks and Financial Institutions], 2004-05 to 2009-10.
The Bank provides loans to small, medium and large-scale industrial units, housing, export and import financing and trade and commerce. Lending rates varied between 10% and 16.5%. In 2009, foreign exchange business of the bank was carried at the total amount of Tk 1,03,239 million that comprised Tk 38,518 million for export, Tk 58,857 million for import and Tk 5,864 million for remittance. The bank has correspondent relationships with 257 foreign banks and financial institutions in 2009. [Muhammad Abdul Mazid]
