UCB H1 profit surges 90% to Tk34cr

United Commercial Bank (UCB) reported a 90% increase in profit for the first half of the year, reaching Tk34 crore, driven by subsidiary performance and reduced provisioning.

UCB H1 profit surges 90% to Tk34cr

United Commercial Bank (UCB) has recorded a 90% growth in its profit for the first half of the year, totaling Tk34 crore. According to the bank, this improvement in earnings per share (EPS) was primarily fueled by the strong performance of its subsidiaries and a reduction in the amount required for provisioning.

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