United Commercial Bank PLC 2024 AR2
The report highlights United Commercial Bank PLC's financial and operational performance for the fiscal year 2024, emphasizing its resilience amidst macroeconomic and political transitions in Bangladesh. The bank achieved an operating profit of BDT 1,508 crore, representing a 55% year-on-year growth, while proactively strengthening its balance sheet with BDT 1,293 crore in provisions. UCB advanced its digital transformation by upgrading its Core Banking System and expanding its digital platform, UNET, which saw a 70% customer growth. Additionally, the bank demonstrated its commitment to sustainability by aligning with the UN Sustainable Development Goals, calculating its Scope 3 financed emissions, and launching innovative products to support a green economy.
Company: United Commercial Bank PLC
Sector: Finance & insurance
Country: Bangladesh
Year: 2024
Type: AR2
Pages: 572
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United Commercial Bank PLC
Annual Report
The report highlights United Commercial Bank PLC's financial and operational performance for the fiscal year 2024, emphasizing its resilience amidst macroeconomic and political transitions in Bangladesh. The bank achieved an operating profit of BDT 1,508 crore, representing a 55% year-on-year growth, while proactively strengthening its balance sheet with BDT 1,293 crore in provisions. UCB advanced its digital transformation by upgrading its Core Banking System and expanding its digital platform, UNET, which saw a 70% customer growth. Additionally, the bank demonstrated its commitment to sustainability by aligning with the UN Sustainable Development Goals, calculating its Scope 3 financed emissions, and launching innovative products to support a green economy.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Employees