Glimpse of Union Bank

Union Bank PLC was incorporated (No.C-107837/13) in Bangladesh on 07 March 2013 as a banking company under Companies Act 1994. The Bank is one of the interest-free Shariah based banks in the country and its modus-operandi are substantially different from other conventional Banks. It obtained permission from Bangladesh Bank on 10 March 2013 to commence its business (Ref: BRPD (P-3)/745(60)/2013-1153). Presently the Bank carries banking activities under Islamic Shariah prevailing in the country.

  • Huge demand of Islamic Banking across the country
  • This high population country's economy is growing fast creating demand to establish a quality service oriented global banking services to the doors of the people.
  • The economy of Bangladesh continues to demonstrate satisfactory & steady growth performance maintaining macroeconomic stability.
  • Unlock the potentials of missing middle of the country who are beyond the coverage of corporate banking service.
  • Focus on rural & micro economic developments.
  • Bring the unbanked rural people under the umbrella of banking service.
  • Modern Technology based banking as well as environmental banking.

Financial Performance

213,375.30 Million Tk.

Deposits (As on December 31, 2022)

222,275.30 Million Tk.

Total Investment and Advance (As on December 31, 2022)

4,801.95 Million Tk.

Export (As on December 31, 2022)

15,280.30 Million Tk.

Shareholder's Equity (As on December 31, 2022)

6,514.99 Million Tk.

Remittance (As on December 31, 2022)

9,247.60 Million Tk.

Import (As on December 31, 2022)

A+ - Long Term Rotins , ST - 2 Short Term (valid upto 18 June, 2022)

Credit Rating Status

272,908.82 Million Tk.

Total Assets (2022)

Corporate Outlook 2023