Union Capital Limited (UCL) is one of the largest financial institute in Bangladesh. It was known as peregrine Bangladesh and has its origin rooted in Hong Kong. Later, it was taken over and was incorporated as UCL in August 1998. It commenced its operation on very next day of its incorporation and got listed to DSE (Dhaka Stock Exchange) and CSE (Chittagong Stock Exchange) in 2007. Within short span of period company has become the most vibrant and forward looking company in Bangladesh with its base of strong and wide network.
Vision of Union Capital Limited:
UCL has vision “To be a forward and progressive financial Institution with strong brand equity on the foundation of strong customers, motivated employees with positive mindset, caring management, and strong fund providers, along with good performance and ethical governance.
Mission of Union Capital Limited:
Its Mission is to be “Dedicated to customers, providing quality products and services to meet society needs, and providing responsible leadership to its employees along with giving good returns on investment to its shareholders”.
At Union Capital Limited all business dealings are hallmarked by “Customer First” approach with Cost Effective Operation, Flexibility and Reliability in Products and Services, Creativity and Fairness in Management, Enthusiasm and Boldness by its employees mixed with Intelligence and Experience, with Innovative and Creative vision along with caring for all the stakeholders all the time.
Since inception, it has diversified into various financial segments and due to this strategy it has grown in leap and bounds. Currently company has 3 main areas to focus:
- Financing
- Deposit Schemes
- Capital Market Segment
In financing arena company has options of Lease Finance, Project Finance, Term Finance, Syndicate Finance, SME Finance, Bill Discounting, Real Estate Finance, and Receivable Finance. All these options cater to almost all the business segments of the society.
UCL has various deposit schemes like Monthly and Cumulative Income Deposit Scheme, Double and Triple the Income Deposit Scheme, Hajj Deposit Scheme, Medicare Deposit Scheme, Marriage Deposit Scheme, Education Deposit Scheme and Fortune DPS Scheme. Schemes are simplified and the name itself signifies its meanings.
Union Capital Limited has extremely promising future ahead and it is seen in its financial reports. Company has increased its Term Deposits to Tk. 3670 Million from Tk. 875 Million from 2007 to 2011. Its Lease also increased to Tk. 3786 Million from 1997 Million in this period. During this period, it witnessed jump in Net profit also wherein it grew from Tk. 77 Million to Tk. 177 Million and Revenue Grew to Tk. 1177 Million from Tk. 400 Million. It has given dividend consistently at an average of 35% in last five years. Tough economic times have never been a diversion to the management from taking care of its shareholders.
UCL with its strong desire to success and its solid performance and commitment to become Bangladesh’s financial powerhouse will definitely succeed in its mission.
Union Capital Limited was enlisted in Dhaka Stock Exchange on 2007. It’s been rated as “A” category share under the financial sector as on 24-11-2012.
Contact information of Union Capital Limited:
Registered and corporate office:
Noor Tower, 5th floor, 73 Sonargaon Road,
Dhaka 1205, Bangladesh
Telephone:9662888
Email: [email protected]
Website: www.unicap-bd.com
Wonderful publish, very informative. I’m wondering why the other experts of this sector do not notice this. You must proceed your writing. I’m confident, you’ve a great readers’ base already!
Thanks for your comment Kendrick. About readers we don’t have that much yet as we are moving very slowly. You know the market is down (faced a crash in 2012). That’s why we don’t have large number of readers but hopefully it will increase gradually.