Overview of United Commercial Bank Limited

United commercial Bank DetailsLegal 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

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)

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

Functional Organizational Set-up at Head Office

Managing Director

Additional Managing Director

Corporate Banking Division

Trade Finance

Industrial Finance

Lease Finance &

NBFISyndication Garments

& Export Finance

Credit Risk Management

Division

Credit Risk Review

DepartmentCredit

Administration Department

Recovery Department

BANKING DEPARTMENT OF UCBL

General Banking

Foreign Exchange Advance

General Advance

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

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.

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

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

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.

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

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.

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