United Commercial Bank (UCB) has issued a detailed clarification to dispel any potential misunderstanding arising from a recent media report, reaffirming that it faces no limitations whatsoever in communicating with its regulator. The clarification follows the publication of an article in Banking Gurukul on 20 November 2025 titled “The Big Comeback: How UCB, IFIC and Islami Bank Won Back Billions in Deposits”, which examined the renewed growth in bank deposits and the gradual restoration of confidence among customers and investors within Bangladesh’s banking sector.
Overall, the report adopted a constructive and optimistic tone, highlighting encouraging trends in liquidity, depositor trust and institutional resilience. However, UCB noted that a particular phrase used in the article — “limited access to the regulator” — could inadvertently suggest that such a situation reflected the bank’s own experience or viewpoint. Concerned that this wording might give rise to confusion or misinterpretation, UCB deemed it necessary to publicly clarify its position.
In its statement, the bank emphasised that its engagement with the Bangladesh Securities and Exchange Commission (BSEC) has consistently been professional, timely and collaborative. According to UCB, there has never been any form of restriction, obstacle or reluctance in accessing the regulator. On the contrary, the bank maintains regular dialogue with the BSEC, participates in meetings when required, seeks guidance on regulatory matters and engages in constructive exchanges on issues of policy and compliance.
UCB further underlined that the support and direction it receives from the BSEC have played a vital role in enabling the bank to conduct its operations with greater transparency, discipline and adherence to regulatory standards. Such cooperation, it noted, strengthens institutional governance and reinforces confidence among investors and market participants.
The bank was keen to stress that the reference to “limited access” in the cited report did not originate from any information supplied by UCB, nor was it based on the bank’s actual experience with the regulator. As such, the clarification aims solely to correct any unintended impression and ensure that the facts are accurately understood by readers and stakeholders.
In a broader context, UCB reiterated its deep respect for the role of regulatory bodies in safeguarding the integrity of the financial system. It acknowledged the BSEC’s central responsibility in promoting good governance, transparency and investor protection within the capital market and across financial institutions. Maintaining a positive, open and cooperative relationship with regulators, the bank said, is not merely a procedural necessity but an ethical commitment embedded in its corporate values.
Concluding its statement, UCB expressed confidence that this clarification would effectively eliminate any ambiguity surrounding the issue. The bank reaffirmed its commitment to upholding strong regulatory relationships and contributing responsibly to the continued stability and credibility of Bangladesh’s financial sector.