Within a span of less than four years, UCB Investment (UCBIL) has accomplished a lot in Bangladesh, keeping rivals at arm’s length and winning Euromoney’s best securities house award in the country this year.
First, the numbers. As a full-service investment bank, UCBIL made revenues of Tk128.5 million ($1.1 million) in 2023, 4.25% higher year-on-year, while net profits after tax soared 48.79% to Tk60.4 million.
Tanzim Alamgir, founding managing director and CEO of UCBIL, says the firm’s success is not only down to its focus on sustainable growth, but also its strategy of closely scrutinising the balance sheets of clients and identifying the financing solution that best meets their needs.
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