United Commercial Bank PLC 2017 AR2
The report highlights United Commercial Bank Limited's financial and sustainability performance for the fiscal year 2017. The company expanded its distribution network to 178 branches and 187 ATMs, achieving a total deposit of Taka 27,819.55 crore and an operating profit of Taka 795.14 crore. On the sustainability front, the bank approved the formation of a Sustainable Financing Unit and launched "Upay," a blockchain and QR-code-based digital payment platform to promote cashless transactions. Additionally, the company invested BDT 285 million in corporate social responsibility initiatives, focusing on education, healthcare, and disaster management, and financed several green industry projects.
Company: United Commercial Bank PLC
Sector: Finance & insurance
Country: Bangladesh
Year: 2017
Type: AR2
Pages: 204
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United Commercial Bank PLC
Annual Report
The report highlights United Commercial Bank Limited's financial and sustainability performance for the fiscal year 2017. The company expanded its distribution network to 178 branches and 187 ATMs, achieving a total deposit of Taka 27,819.55 crore and an operating profit of Taka 795.14 crore. On the sustainability front, the bank approved the formation of a Sustainable Financing Unit and launched "Upay," a blockchain and QR-code-based digital payment platform to promote cashless transactions. Additionally, the company invested BDT 285 million in corporate social responsibility initiatives, focusing on education, healthcare, and disaster management, and financed several green industry projects.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees