Bangladesh's best investment bank 2023: UCB Investment
Asiamoney is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
AwardsBest Bank Awards

Bangladesh's best investment bank 2023: UCB Investment

UCB Investment

Tanzim Alamgir, UCB Investment.jpg
Tanzim Alamgir, UCB Investment

With one transaction in June 2022, UCB Investment (UCBIL) demonstrated to global investors why it has become an indispensable driver of Bangladesh’s economic development.

A fully owned subsidiary of United Commercial Bank, UCB is one of Bangladesh’s top commercial banking players, having launched in October 2020 as a full-fledged merchant operation. It quickly targeted mandates to accelerate Bangladesh’s diversification into tech-related sectors.

The Fair Electronics Limited preference share that UCBIL helped arrange in June 2022 was emblematic of this effort. The Tk2 billion ($18.6 million) issue of non-convertible, cumulative and redeemable preference shares aimed to increase the market share of one of the top manufacturers for Samsung Electronics in Bangladesh.

Reducing the nation’s reliance on garments and lower-wage manufacturing in general is a government priority. Leading transactions such as the Fair Electronics issuance fits with UCBIL’s aim, as CEO Tanzim Alamgir puts it, of “developing the overall financial structure of the economy through providing top-class, innovative and customized investment solutions for our clients.”


Gift this article