Financial Statements of Q1, 2025

PROPERTIES AND ASSETS

UNITED COMMERCIAL BANK PLC

AS AT 31 MARCH 2025

(UNAUDITED}

31-03-2025

Taka

31-12-2024

Taka

OFF BALANCE SHEET ITEMS

Contingent Liabilities Acceptances & Endorsements Letter of Cuarantees

Irrevocable Letter of Credit

Bills foi Collection

Other contingent Liabilities

247,780,63s,611 250,123,379,742

94,274,348,911

61,332,512,786

67,105,628,134

25,068,145,780

105,263,752,167

60,918,919,087

59,160,060,97t

24,780,647,517

Other Commitments

Documentary credit and other short term trade related transactions Forward asseFs purchased and forward deposits placed

7,468,612,268

10,736,246,402

Undrown note issuance and revolving underwriting facilities Undrawn formal standby facilities, ci edit lines and other commitments

7,468,612,268 10,736,246,402

Compa

Chief Financial Officer (Acting) Managing Director and CEO

DirectoF

UNITED COMMERCIAL BANK PLC CONSOLIDATED PROFIT AND LOSS ACCOUNY FOR THE PERIOD ENDED 31 MARCH 2025 (UNAUDITED)

January to March 31, 2024

Taka

Interest Income

Interest Paid on Deposit and Borrowings Net Interest Income

Income from I/1vesLment

Commission, Exchange and Brokerage Other Operating Income

Total Operating Income (A) Salary and Allowances

Rent, Taxes, Insurance, Electricity etc. Legal Expenses

Postage, Stamps, Telecommunications etc. Stationery, Printing, Advertisements etc.

Chief Executive's Salary and Fees Director's Fees

Auditors Fees

Depreciation and repair of Banks Assets Ofher Expenses

Total Operating Expenses (B)

Profit & Loss before provision ( C ) ={A-B)

Provision for Loans & Advances

Provision for diminution in value of investments Other provision

Total Provision

Total Profit before Income Tax Provision for Taxation

Current Tax Expenses

Deferred Tax Expenses/(Tncome)

Net profit after tax

Appropriations :

Statutory Deserve Start-up Fund

Coupon payment on perpetual bonds Retained Earning

Earning per ordinary share (EPS)

4,494,905,704

8,148,029,387

2,302,78,373

57,53G,841

64,415,554

60,469,804

2,764,054

1,596,568

15,000,0D1

41,109,181

0.04

4,646,721,0D4

5,750,O26,B74 3,137,548,021

1,627,48Z,266 1,510,064,754

872,451,650

637,613,104

6,502,000

631,111,104

0.42

Chief Financial Officer (Acting)

Compa S ry (Acting)

Managing Director and CEO

January to March 31, 2025

Taka

3anfiary to March 31, 2024

Taka

UNITED COMMERCIAL BANK PLC CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD ENDED 31 MARCH Z025 (UNAUDITED)

Cash flows from operating activities

Interest receipts Intei"est payments Dividend receipt

Fees & Commission receipt

Recoveries from previously written olT advances Payments to employees

Payments tO 5Uppliers

Payment for Advance Income Tax Receipt from other operating activities Payment for other activities

Operating profit before changes in operating assets and Liabilities

Increase/Decrease in operating assets and liabilities Statutoiy Deposit

Purchase of trading securities Loans and advances to customers Other Assets

Deposit rram Banks Deposit from customers Other liabilities

Net cash flow from operating activities ( A )

Cash flows from investing activities Purchase/Sales of Securities

Purchase of Property, Plant & Equipment Sales of Property, Plant & Equipment

Net cash increase/decrease for sales of subsidiary Net cash from investing activities ( B )

Cash flows from financing activities Receipt from borrowing from other banks

Repayment of borrowing and release of debt securities Cash received from issuing of right shares

Cash dividend payment

Coupon payment of Perpetual Bond

Net cash from financing activities ( C )

Net cash increase/decrease in cash ( A+B+C ) Effects of the changes of exchange rate on cash and cash equivalents"

Cash and cash equivalent at beginning of the year Cash and cash equivalent at the end of the period

16,019,867, 120

(1 487,866,518)

52,586,B17

1,763,1Z3,379

182r96 #4 6

(2,6D6,217,936)

(797,973,742)

(87t,482,1S1)

168,613

(953,175,041)

3O2,395,0Z7

(4,136,269,181)

155,524,102

(20,905,502, 125)

(7,034,258,445)

6,428,617,336

29,473,606,585

6,532,359,724

(1,559,688,632)

301,252,960

(1,2S8,43S,672)

(10,975,126,720)

(35,500,000)

(15,000,001)

32S,445,596

66,952,061,596

65,81Z,817,B19

13119,686240

(5,742,341,839)

59,093,743

Z,206,58S,923

136,815,931

(2,593,043,794)

(1,528,588,878)

(724,20t,289) 51,435,314

(1,407,498,634)

3,577,94Z,717

(7,644,770,365)

(380,058,033)

(24,200,770,074)

(2,161,552,920)

(895,528,468)

19,177,714,719

5,238,737,032

(7,288,285,392)

95,165,160

(347,336,785)

(252,171,625)

3,992,294,456

528,600,000

(32,500,000)

4,488,394,45G

(3,052,062,561)

200,021,061

58,641,710,872

55,789,669,372

Chief Financial Officer (Acting)

Compan ec (Acting)

Managing Director and CEO

uurreo CDi•1MEROAL BANX PLC

CONSOLIDATED STATEMENT OF CFLANGES IN EQUITY FOR THE PERIOD ENDED Z1 MARCt$ 2025 (UNAUD7TED)

( l5,000,0G1)

60,469,8G4-

(2,764,OSR)

A,415,5Z8,33S

190

(8,057,188)

153,080,640

2,76Q,0S4

15,828,739,272

fAmount in Taka) Total

Restated balance

Surp1us/(Deficit) on revaluation of properties 'Surplus/(Deficit) on revaluefion of investments Cunency TranslgLion gain/{loss)

Net profit for the perod Appropriation ma0e during the period Cash Dividend

Stock Dividend

Issue of Share Cap'ta!

Coupon payment on Perpetual 8ond Non Controlling Interest

Balance as at II December 20Z4

Chiei N nantisl Officer {Acting)

15,503,758,980 1,454,976,750 ) 1S,8Z8,739,2** l 26,577,961

Company cre a cting}

80,352,463 153,080,640 t

39,997,l I7,150

( lS,000,0C )

40,003,38S,5D0 l

190 4,415,S28,33S 39,997,117,150

Managing Direnor and CEO

UN1YED COMMERCIAL BANK PLC

BALANCE SHEET

AS AT 31 fvIARCH 2025

(UNAUDIYED)

Taka

Taha

Cash

Cash in Hand (Including Foreign Currencies) Balance with Bangladesh Bank & its agent bank(s) ( Including Foreign Currencies)

Balance with other banks 8‹ financial institutions In Bangladesh

Outside Bangladesh

Money at caIT on short notice Investments

Government Others

Loans, Cash Credits, Overdrafts etc. Bills purchased and discounted

Fixed assets Including premises, furniture & fixture

othar osxets

Non-banking assets

LIABILITIES*NDCAp1TAL

44,1B8,734,138

5,939,251,933

8,773,250,fi28

8,730,760,646

35,457,973,492

79,175,087,Z78

14,100,873,609

93,275,960,8B7

58b,213,640,239

9,262,014,009

3,336,000

45,443,390,740

12,442,869,186

33,000,521,554

11,565,022,275

6,159,623,190

2,500,000,000

87,B51,387,227

75,068,296,150

12,7B3,091,077

S62,8d5,J84,8S0

9,9B3,689,437

25,37*,267,119

3,336,000

Borrowings from other banks, financial institutions and agents

Savings Bank Deposits Fixed Deposit

Other Deposits

Capital/Shareholders' Equity

y0,772,470,459 79,786,237,601

116,859,100,080

6,136,284,409

96,8BS,575,971

322,679,853,389

47,137,668,914

106,1B2,196,050

6,626,968,382

93,476,409,174

307,898,284,188

40,031,409,462

5 9y698,4B2g7/ g 5g2.6 r2//

9S,990,6k4,78S 9Z,987,149,523

7& 461,568,007 726,988,654380

Paid up Capital Share Premium Statutory Reserve General Reserve other Reserve Retained Earning

15,503,758,980

1,454,976,750

15,73D,183,055

26,577,961

2,728,462,280

6,452,318,456

15,503,758,980

1,454,976,750

15,730,183,055

26,577,961

2,767,663,734

6,307,661,614

yotal fiihareholders' Equity

Total Liabitities and Shareholders' Equity

41,896,277,4B3 41,790,B22,094

8O2,357,84E.490 768 779 476 472

UNITED CONMERCIAL BANK PLC

OFF-BALANCE SHEET ITEMS AS AT 31 MARCH 2025

(UNAUDITED)

31-03-Z025

Taka

31-12-20Z4

Taka

OFF BALANCE SHEET ETEMS

105,263,752,167

60,918,919,087

59,16D,060,971

24,780,647,517

Contingent Liabilities Acceptances & Endorsements Letter of Guarantees Irrevocable Letter of Credit Bills for Collection

7,468,612,268

Other contingent Liabilities

247,780,635,611 Z50,12Z,379,74Z

94,274,348,911

61,332,512,786

67,105,628,134

2F,068, t4S,780

Other Commitments

Documentary credit and other show term trade related transactions

Forward assets purchased and forward deposits placed Undrown note issuance and revolving underwriting facilities Undrawn formal standby facilities, credft lines and other commitments

7,46B,612,2s8

10,736,246,402

Total Off-Balance sheet items including contingent liabilities

255,Z49,Z47,879 260,859,626,144

t0,736,246,402

Chief Financial Officer (Acting) Compa e e y (Acting) Managing Director and CEO

UNITED COIHfdERCIAL BANIt PLC PROrIT AND LOSS ACCOUNT

FOR THE PERIOD ENDED 31 MARCH 2025 (UNAUDITED)

January to March 31, 2035

Taka

January to March 31, 2024

Taka

Interest Income

Interest Paid all Deposit ance Borrowings Net Interest Income

Income from Investment

Commission, Exchange and Brokerage Other Operating Inco‹Jie

Salary and Allowances

Rent, Taxes, Insurance, Electricit:y etc. Legal Expenses

Postage, Stamps, Telecommunications etc, Stationers *hinting,Advertisements etc.

Chief Executive's Salary and Fees

Director's Fees Auditors fees

Depreciation and repair of Banks Assets Other Expenses

Total Operating Expenses (B)

Profit & Loss befora provision ( C ) =(A-B)

Provision far Loans & Advances

Provision for diminution in value of investments Other provision

Current Tax Expenses

Deferred Tax Expenses/(Income)

14,'193,2D3,538 L0,859, 13J,156

3,634,069,382

2,373,409,257

1,765,399,957

33,7Z8,263 4,172,537,477

7,806,606,8s9

2,417,Ob7,434

515,810,376

37,935,671

55,372,661

214,985,899

5,150,000

675,000

3,000,000

621,907,198

1,097,103,722

4,969,007,962

z,837,598,897

2,302,774,934

34,B01,700

61,415,554

2,401,992,189

1,199,040,059

(923,090,194)

11486,387,754

6,959,698,153

4,526,6C9,G02

1,844,G81,456

1,938,982,454 s3,9S8,231 3,837,622,141

8,364,311,742

2,367,513,838

517,756,097

22,76t,806

60,730,400

379,461,578

5,840,000

331,903

316,251

629,708,16B

1,236,Z10,91O

5,220,630,950

5,143,680,792

763,184,068

717,894,760

126,750,519

1,607,B29,347

1,535,851,445

,349,9:t8,931 (571,022,932)

Net profit aner tax Appropriations :

Statutory Reserve

Start-up Fund

Coupon payment on perpetual bonds Retained Earning

159,656,843

1,596,568

15,000,001

143,O6D,274

756,955,447

Earning per ordinary share (EPS)

0.10

0.49

Chief Financial Officer (Acting) Compa

y (Acting)

Managing Director and CEO

UNETED COMMERCIAL BANK PLC CASH FLOW STATEMENT

January to March 31, 2025

Talra

January to March Z1, 2024

Taka

FOR THE PERIOD ENDED 31 MARCH 2025 (UNAUDITED)

Cash flows from operating activities Receipts of Interest

Payments of Interest Receipts of Dividend

Fees & Commission i-eceipt

Recovei ies fioni previously written off advances Pdyfnents to employees

Payments to suppliers

Payment for Advance Income Tax Receipt from other operating activities Payment for other activities

Operating profit before changes in operating assets and Liabilities

Increase/Decrease in operating assets and liabilities Statutory Deposit

Purchase/Sale of trading Securities Loans and advances to customers Other Assets

Deposit from Banks Deposit from customers other liabilities

Net cash flow from operating activities ( A )

Cash flows from investing activities Purchase/Sales of Securities

Purchase of Property, Plant & Equipment Sales of Property, Plant & Equipment

Net cash increase/decrease for sales of subsidiary Net cash from investing activities ( B )

Cash flows from financing activities Receipt/(Payment) from borrowing from other banks Repayment of borrowing and release Of debt securities Cash received from Issuing of Right shares

cash dividend payment

Coupon Payment on Perpetual Bond

Net cash from financing activities ( C )

Net cash increase/decrease in cash ( A•rB•I•C ) Effects of the chnnges Of exchange rate on cnsh and cash equivalents"

Cash and cash equivalent at beginning of the year cash and cash equivalent at the end of the period

15,895,291,267 (12,428,921,40Z)

42,897,0 12

1,435,956, 121

182,9C4,48G (2,422,2 17,434)

(620,913,806)

(843,757,471)

(12,491,71D)

(929,085,GJ4}

(4,136,269,184)

139,790,189 (22,646,7g4,s61)

(7,049,854,728)

6,428,617,336

Z9,054,598, 172

6,517,075,380

(1,493,580,721)

340,869,088

(fi,1S2,711,633)

(8,978,267,141)

(35,500,000)

(15,000,00d)

(9,028,767,142)

(1,574,577,142)

329,443,836

65,675,561,905

64,430,428,599

12,904,208,431

(5,699,683,681)

52,829,901

1,738,961,393

135,815,931

(2,373,353,838)

(1,241,461,819)

(602,B17,227) 55,622,358

(1,386,480,133)

3,584,641,316

(7,644,770,3G5) t145,400,859) (22,28 1,729,387)

(2,250,737,813)

(B95,528,468) 19,093,737,332

5,129,856,090

(50,000,000)

(342,488,701)

2,034,861,473

528,600,000

(32,500,000}

200,021,061

57,363,686,812

54,292,248,491

Chief Financial Officer (Acting)

Managing Director and CEO

Director'

ctor

9

UNITED COfdI'dERCIAL BANK PLC STATEMENT Or CHANGES IN EQUITY FOR THE PERIOD ENDED 31 f4ARCH 2025 tUNAUDITED)

{Amount in Taka1

Company S cre ary cting)

Chief Financial Officer (Acting) Managing Director and CEO

Director

10

Unlted Commercial Bank PLC

Selective Notes to the Interim Financial Statements as at and far the period ended II Afarch 202S D1. easis of Preparation

The financial statements as at and for the quarter ended 31 Harch 2025 (1st quarter) have been prepared in condensed farm in accordance with

the requirements of International Accounting Standard (IAS)-31 "fnlefim Financial Reporting", ltule 13 of he Securlties and Exchange Rules 1987, International Financial Reporting Standards (IFRS) and other applicable laws and regulabons from various Government bodies.

02. Accounting policies

Accounting policies have been followed In preparing these financial statements are same as applied in financial statements of the Bank of preceding financial year 20Z4.

o3. Operating Profit

Bank's operating profit has decreased by BDT 3t crore mainly due to higher interest expense on deposits and borrowings.

04. Total Operadng Expense

Total operating expenses has decreased by BDT 2S crore mainly due to different cost optimization initiatiYes and revislon of useful lives of

different categories of fixed assets.

OS. Provisions

Provisions consist of provislon for I0ans & advances, provision for changes In the value of investment as well as provision Mr off balance sheet exposure.

1. Provision for taxation

   Provision for Income tax has been made on taxable Income after necessary add back in accordance wlth the provislons of the Income Tax Act Z023, Finance Act 2024 and oder relevant legislations as applicable.

2. Earnings per share (EPS)

   Earnings per share (EPS) has been calculated In accordance with IA5 33 "6am/rx/s Per Share".

   ProFit aner tax:

   Profit after I:ax for the perlod (BanM)

   Profit aRer tax for the period (Consolidated)

   Welghl:ed average number of shares outstanding:

   EP5 Calculations:

   Basic Earnings per share (EPS) - (Banks)

   Basic Earnings per share (EPS) - (Consolldated)

   Diluted Earnings per share (DEPS}

   31 I larch 2025

   159,656,B43

   60,t69,804

   1,532,171,876

   0.10

   0.04

   31 March 2024

   756,955,447

   637,613,104

   1,532,171,876

   0.49

   0.2

   No DEPS is required to be calculated for the period as there was no scope for dilution of shares during the period.

   31Narch 2O35 3s f•farch 2O24

3. Net Asset Value Per Share {NAVPSj

10. Events altar the reporting period

There is no material event aRer the reporting period.

i1. Approval of 1st quarter unaudited financial statements:

The 1st quarter un audited financial statements for the perfod ended on 31 f4arch 2025 were approved an Z9 Nay 2025.

Chief Financial Officer {Acting)

ctor