United Commercial Bank Bangladesh | banks in bangladesh

United Commercial Bank PLC (UCB) is one of the largest private-sector commercial banks in Bangladesh that is not a foreign bank (FCB) and is listed in Dhaka’s stock exchange, as well as the Chittagong Stock Exchange. It was established in 1983, twelve years after independence.

With a firm commitment to the economic and social development of Bangladesh, United Commercial Bank (UCB) started its journey in mid-1983 and has since been able to establish itself as one of the largest first-generation banks in the country. With a vast network of 204 branches, the Bank has already made a distinct mark in the realm of Private Sector Banking through personalized service, innovative practices, dynamic approach, and efficient Management.


United Commercial Bank Bangladesh


The Bank has expanded its arena in different and diverse segments of banking like Retail Banking, SME Banking, Corporate Banking, Off-shore Banking, Remittance, etc. Besides various deposit and loan products of Retail Banking, the Bank caters to export and import loans to deserving candidates which in turn helps the overall economy of the country through increased earning of foreign exchange. Other consumer products like UCB Cards have been showing tremendous success and growth since its inception in 2006 and soon became the leader in the local market with around 40000 card holders.

The Bank also provides its clients with both incoming and outgoing remittance services. Thus the expatriates find an easy way to send money through the proper channels.


United Commercial Bank Bangladesh


With a firm commitment to promoting the SME sector, the Bank is also assessing and monitoring business loans, managing business financing risks, pricing products, and working for the further development of SMEs. Its Corporate Banking service consists of the simple business of issuing loans for more complex matters, such as helping minimize taxes paid by overseas subsidiaries, managing changes in foreign exchange rates, or working out the details of financing packages necessary for the construction of a new office,

plant or another facility. Its area of expertise is in-depth knowledge in financial analysis with the analytical capability of financing large projects including RMG and infrastructure development projects.

The Bank, aiming to play a leading role in the economic activities of the country, is firmly engaged in the development of trade, commerce, and industry by investing in network expansion and new technology adoption to have a competitive advantage.


United Commercial Bank Bangladesh

History of United Commercial Bank Bangladesh

The Bank was incorporated on 26 June 1983. The government owns shares in the bank. The bank is listed on both the Dhaka Stock exchange and the Chittagong stock exchange. In 2016 foreign hackers used skimmers to steal personal data from the banks’ ATMs and used that data to clone cards.

UCB Fintech Company Limited

UCB has come up with its own MFS called উপায় (UCB Fintech Company Limited). With pay, you can cash out and send money to other upay users as well. upay is a digital financial service brand owned by UCB Fintech Company Limited, a United Commercial Bank affiliate. Upay began its journey in early 2021 after acquiring a license from Bangladesh Bank, delivering a wide range of mobile financial services to consumers from all walks of life.

upay has recently had successful acquisitions with companies like Grameenphone, Robi, and Banglalink to ensure that their users will not need an active internet line to use the application. This makes it easier for users to use upay, as now they will not have to buy additional mobile data to have access to their upay account unlike many of its competitors.


United Commercial Bank Bangladesh

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