United Commercial Bank Limited is a public limited company incorporated in Bangladesh in 1983 with 139 branches. It is headed by a Chairman and Managing Director and has over 3,300 employees. The bank has an authorized capital of 15 billion taka and paid up capital of over 8 billion taka. It aims to maximize profits through steady growth and innovative products while maintaining high ethical standards.

1. Overview
of
United Commercial Bank Limited

2. United commercial Bank Details
Legal Form A public limited company incorporated in Bangladesh on 26th
June 1983 under the companies Act 1994 and listed in Dhaka
Stock Exchange Limited on 30th November 1986 and Chittagong
Stock Exchange Limited on 15th November 1995.
Commencement of
Business
27 June 1983
Head Office Bulus Center, Plot - CWS- (A)-1, Road No – 34, Gulshan avenue,
Dhaka-1212
Website www.ucb.com.bd, www.ucbl.com
Chairman Mr. M. A. Hashem
Managing Direction Mr. Muhammed Ali
Auditors Hoda Vasi Chowdhury & Co. Chartered Accountants
No. of Branches 139
No. of Employees 3,374 (31.12.2012)
Authorized Capital Tk. 15,000 million
Paid up Capital Tk. 8,366 million
Face Value per Share Tk. 10

3. Organizational structure
 Managing Director (MD)
 Deputy Managing Director (DMD)
 Additional Deputy Managing Director (ADMD)
 Senior Executive Vice President (SEVP)
 Executive Vice President (EVP)
 Senior Vice President (SVP)
 First Vice President (FVP)
 Vice President (VP)

4. Organizational structure
 First Assistance Vice President (FAVP)
 Assistance Vice President (AVP)
 Senior Executive Officer (SEO)
 Executive Officer (EO)
 Senior Officer
 Management Trainee Officer
 Officer
 Junior Officer

5. Functional Organizational Set-up at Head Office
Managing Director
Additional Managing Director
Corporate Banking
Division
Trade Finance
Industrial
Finance
Lease
Finance &
NBFI
Syndication Garments &
Export Finance
Credit Risk
Management
Division
Credit Risk
Review
Department
Credit
Administration
Department
Recovery
Department

6. BANKING DEPARTMENT OF UCBL
General Banking
Foreign
Exchange
Advance
General Advance

7. Mission of UCBL
 To maximize profit with steady growth ensuring major market share
 To be the leader in providing need based innovative products and
services
 To continuously upgrade technology for strong information
Management System and meet customer expectations
 To establish a strong best practice corporate culture of participative
management and enabling environment where innovativeness and
performance is rewarded
 To develop and retain in quality workforce through effective Human
Resource Management System maintaining high moral and ethical
standards

8. Goals of UCB
 Develop a plan for offering better customer service.
 Develop a realistic deposit mobilization plan.
 Develop appropriate lending risk assessment system.
 Develop capital plan.
 Develop a system to make good advances.
 Develop appropriate mgt. structure, system, procedures and approaches.
 Develop scientific MIS to monitor banks activities.

9. Objectives of UCBL
 To achieve steady growth rates in following areas like; Profit, Deposit,
Advance, Import, Export, Treasury earning, Increase Earnings per Share,
Increase Customer base, Increase Return on Asset, Increase Return on
Investment etc.
 To Introduce Online banking to be established in 60% of the branches
by next 3 years
 To establish computerized MIS software to be made available in all
branches
 To link reward and remuneration with performance by the end of 2011

10. Objectives of UCBL
 To strong marketing team to be established for new innovative
products and services for exploring strong client base
 To contribute to social service by setting up UCBL foundation
 To increase professional efficiency and technology literacy throughout
the organization by conducting intensive training to develop and retain
a quality work force
 To put in place an effective Human Resource Management system.
 To continuously improve internal control and compliance of the bank

11. Functions of UCBL
 To mobilize the idle resources of the country by accepting Deposits
from the general public.
 To give facilities to the clients and shareholders in a systemic way.
 To give opportunity of the people to do job in UCBL.
 To give encourage to the people for saving.
 To increase investment.
 To identify customer demand and fulfill their demand by supplying
money.
 To improve economy by borrowing financial facility.
 To assist Capital Market.

12. Responsibilities of Management Committee
 To put in place policies and procedures with governance and guidance from
the Board to:
- Identify
- Measure
- Monitor
- Control risks
- Establish a specific ‘Code of Ethics’ and
- Compliance culture

13. Responsibilities of Management Committee
 Establish the internal control structure
 Monitor the adequacy and effectiveness of Internal Control System based on
Bank’s established policy and procedures.
 Review on a yearly basis the overall effectiveness of the internal control
system and to provide yearly certification to the Board on the following:
- Effectiveness
- Practice and
- Procedures of the internal control system.

14. Asset Liability Management Committee
 To assume overall responsibilities of Money Market activities.
 To manage liquidity and interest rate of the bank
 To comply with the central bank regulations in respect of bank’s statutory
obligations as well as thorough understanding of the risk elements involved
with the business
 Understanding of the market dynamics i.e. competition, potential target
markets etc.
 Provide inputs to the Treasurer regarding market views and update the balance
sheet movement
 Deal within the dealer’s authorized limit