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30 November, 2020 03:55:07 PM
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UCB Investment Ltd starts journey

Staff Reporter, Dhaka
UCB Investment Ltd starts journey
Professor Shibli Rubayat Ul Islam, chairman of Bangladesh Securities and Exchange Commission, inaugurates UCB Investment Limited, a subsidiary of United Commercial Bank Limited, in the capital on Monday. Photo: Courtesy

UCB Investment Limited, a subsidiary of United Commercial Bank Limited, has been inaugurated on Monday.

Professor Shibli Rubayat Ul Islam, chairman of Bangladesh Securities and Exchange Commission, inaugurated the UCB Investment as the chief guest at a hotel in the capital, said a press release.

Anisuzzaman Chowdhury Ronny, chairman of UCB Executive Committee, Professor Dr Md Jonaid Shafiq and UCB Managing Director Mohammed Shawkat Jamil were present. Tanzim Alamgir, CEO, UCB Investment Limited, other officials from UCB and various eminent dignitaries were also present on the occasion.

Shibli Rubayat Ul Islam said, "Right now Bangladesh has improved their economic position than other south Asian countries. Prime Minister Sheikh showed how good our economy was during the pandemic. I think this is high time to take initiative like UCB Investment Limited. The role of merchant bank in developing our capital market and economic development is huge."

Anisuzzaman Chowdhury Ronny, said, UCB Capital Management, a branch of UCB's stock brokerage, has risen from 63rd position to second position in the last five years. UCB is one of the pioneers in raising funds for special projects of Bangladesh Bank and till now UCB has invested the largest amount of money from that special fund among all private commercial banks. We are also optimistic about UCB Investment Limited.”

Managing Director of UCB said, “United Commercial Bank is working for the development of capital market in Bangladesh. So far, UCB has a total transaction / portfolio of 1100+ crore taka in the capital market. UCB Asset Management, the newly formed subsidiary of UCB, has the largest capital base among all the asset management companies in Bangladesh. Although UCB Investments has recently got its merchant banking license, the company has been investing its own funds in the listed equities since 2015.”

TH

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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