The 31st Annual General Meeting (AGM) of United Commercial Bank Limited was held at Hotel Ocean Paradise in Cox’s Bazar on Thursday.

M A Hashem, Chairman of the bank presided over the AGM, said a press release.

During the AGM, 20 percent cash dividend was approved for the shareholders of the bank for the year 2013.

Chairman said that UCB had generated attractive financial results in previous years. The bank gained a tremendous growth in every arena like operating profit, loans and advances, deposit etc, he added.

He also expressed that UCB will be continuing to serve the interest of shareholders, clients and the communities as well.

Sharif Zahir, Vice Chairman, Anisuzzaman Chowdhury, Chairman, Executive Committee, Lt. Gen. (Retd.) Abu Tayeb Muhammad Zahirul Alam, Chairman, Audit Committee, M. A. Sabur, Chairman, Risk Management Committee, Showkat Aziz Russell, Md. Jahangir Alam Khan, Yunus Ahmed, M. A. Kalam, Md. Tanvir Khan, Asifuzzaman Chowdhury, Sultana Rezia Begum, Shabbir Ahmed and Ahmed Arif Billah, Directors of the bank were present at the AGM.

UCB Managing Director, Muhammed Ali, in his speech, sketched the backdrop of success and the cumulative scenario of achievement of the bank. He told that UCB developed a balanced and sustainable business model against all obstacles through organic growth.

The AGM was conducted by Mirza Mahmud Rafiqur Rahman, Additional Managing Director and Company Secretary of the bank.