Dhaka, May 29 -- United Commercial Bank PLC (UCB) held its 513th Board Meeting, reflecting a significant milestone in the institution's transformation journey.

During the session, the Board reviewed and approved the audited financial statements for the year ending 2024, along with the unaudited results for Q1 2025, according to a media release.

In a strategic move demonstrating its commitment to transparency and financial resilience, the Board resolved not to declare dividends for 2024.

Instead, UCB will allocate its entire operating profits toward provisions for non-performing loans (NPLs). This reflects a forward-looking approach centered on long-term value creation, regulatory alignment, and balance sheet integrity, the release says...