Annual Report

The report describes a difficult 2024 for the UCL Group, including a sixth consecutive annual net loss as liquidity challenges and non-performing loans persisted. Consolidated net loss was Tk. 2,070.01 million, an improvement from 2023 as provisioning and operating expenses declined. The group reported 142 employees at year-end and describes community initiatives and environmental considerations in its financing and operations. Its forward-looking priorities include loan recovery, cost control, capital restoration, and resuming selected lending.