UCB posts 32% rise in profit in 2022

United Commercial Bank Ltd reported a 32 per cent increase in profit to Tk 330.47 crore in 2022.

The profit stood at Tk 250.31 crore in 2021.

The private commercial bank reported consolidated earnings per share of Tk 2.35 for 2022, which was Tk 1.78 in 2021.

The consolidated net asset value per share rose to Tk 28.57 in the last financial year from Tk 26.59 in 2021.

The consolidated net operating cash flow per share stood at Tk 13.25 negative in 2022. It was Tk 16.85 negative a year earlier.

The board of directors has recommended a 5 per cent cash and a 5 per cent stock dividend for the year that ended on December 31.

Shares of UCB were unchanged at Tk 13 on the Dhaka Stock Exchange yesterday.