UCB holds first board meeting under new leadership

United Commercial Bank PLC (UCB) held its inaugural board meeting with its newly-formed board at the bank’s corporate headquarters on Wednesday.

Sharif Zahir, a distinguished businessman and the chairman of UCB, presided over the meeting.

Md Shazzad Hossoin, Vice-Chairman of UCB; Md Tanvir Khan, Chairman of the Executive Committee; Md Yusuf Ali, Chairman of the Risk Management Committee; Obaidur Rahman FCA, Chairman of the Audit Committee; and Syed Faridul Islam, Managing Director and acting CEO of UCB were all present in the meeting along with others from the senior management.

During the meeting, the new board members expressed their gratitude to the bank’s depositors, business partners, stakeholders, and supporters. The board thoroughly reviewed the bank's overall financial condition and underscored the importance of robust banking governance to safeguard depositor interests.

The board pledged to elevate UCB to the forefront of the country’s financial sector in the shortest time possible. This goal will be pursued with the support of the bank’s officials, employees, business partners, depositors, and other stakeholders, as well as with guidance from Bangladesh Bank and regulatory agencies.