Bank Reaffirms Strong Communication With Market Regulator

United Commercial Bank (UCB) has issued a detailed clarification in response to potential misinterpretations arising from a recent media report, emphasising that there exists no restriction or limitation in its communication with the country’s market regulator. The bank underscored that its interactions with regulatory authorities have always been open, professional, and constructive—a reflection of its 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 recent positive developments in Bangladesh’s banking sector, including improved liquidity, the gradual restoration of deposit inflows, and the renewed confidence of customers and investors. Overall, the report conveyed a cautiously optimistic tone, signalling progress toward sectoral stability.

However, UCB expressed concern that a phrase used in the report—“limited access to the regulator”—might inadvertently suggest that the bank’s communication with regulators is restricted. The bank emphasised that such wording does not reflect its actual experience or position and could potentially mislead readers. To ensure clarity, UCB felt it necessary to publicly restate its stance.

In its statement, UCB affirmed that its relationship with the Bangladesh Securities and Exchange Commission (BSEC) has always been transparent, timely, and mutually respectful. The bank regularly engages in meetings, correspondence, and guidance-seeking activities to ensure full compliance with regulatory policies and guidelines. At no point has it encountered reluctance, barriers, or limitations in communicating with the BSEC.

UCB further highlighted that robust regulatory oversight and guidance play a vital role in maintaining institutional discipline, corporate governance, and market standards. Cooperation with the BSEC has strengthened operational transparency, bolstering confidence among shareholders, investors, and the wider financial community.

The bank clarified that the phrase “limited access” in the report was not based on information provided by UCB and does not represent its position. The purpose of the clarification is solely to correct the record and dispel any potential misunderstanding.

Finally, UCB reiterated its deep respect for the role of regulatory institutions in safeguarding financial stability and transparency. Maintaining open and cooperative engagement with regulators is not only a legal obligation but also a moral commitment. The bank expressed optimism that this clarification will eliminate confusion and further underline its responsible role in promoting long-term stability and credibility in Bangladesh’s financial sector.