United Commercial Bank (UCB) has issued a comprehensive clarification to dispel any potential misunderstanding arising from a recently published media report, firmly reiterating that there are no barriers whatsoever in its communication with the country’s market regulator. The bank has emphasised that its engagement with regulatory authorities has always been open, professional and constructive, reflecting a long-standing culture of transparency and compliance.
The clarification follows a report published on 20 November 2025 in Banking Gurukul on 20 November 2025 titled “The Big Comeback: How UCB, IFIC and Islami Bank Won Back Billions in Deposits”. The article highlighted encouraging signs within Bangladesh’s banking sector, including improving liquidity conditions, renewed deposit growth and a gradual restoration of confidence among customers and investors. Overall, the report adopted an optimistic tone, portraying the sector as moving steadily towards stability after a challenging period.
However, UCB noted that a particular phrase used in the report — “limited access to the regulator” — could unintentionally create the impression that the bank itself experiences restricted communication with regulatory authorities. According to UCB, this wording does not reflect its actual position or lived experience and may inadvertently mislead readers if left unaddressed. It is for this reason that the bank deemed it necessary to publicly clarify its stance.
In its statement, UCB made it clear that its relationship with the Bangladesh Securities and Exchange Commission (BSEC) has consistently been transparent, timely and mutually respectful. The bank maintains regular contact with the regulator, participates in meetings whenever required and actively seeks regulatory guidance on policy and compliance matters. UCB stressed that there has never been any reluctance, limitation or obstruction in its dealings with the BSEC.
The bank further acknowledged that regulatory guidance and oversight play a vital role in strengthening institutional discipline, enhancing corporate governance and ensuring adherence to market standards. UCB credited the BSEC’s cooperation and direction as instrumental in reinforcing transparency across its operations, which in turn helps build confidence among shareholders, investors and the wider financial community.
Importantly, UCB clarified that the reference to “limited access” in the media report was not based on any information provided by the bank and does not represent its official view. The purpose of the clarification, it said, is solely to ensure factual accuracy and prevent any lingering ambiguity among readers and stakeholders.
Placing the issue within a broader context, UCB reaffirmed its deep respect for the role of regulatory institutions in safeguarding the integrity and stability of the financial system. The bank described its commitment to maintaining open, collaborative and constructive relationships with regulators not merely as a statutory obligation, but as a core ethical principle guiding its operations.
In conclusion, UCB expressed confidence that this detailed explanation will eliminate any confusion and reaffirm its responsible role within the financial sector. The bank reiterated its determination to continue supporting a stable, transparent and trustworthy banking environment, contributing positively to the long-term resilience and credibility of Bangladesh’s financial system.