[16] On 26 August 1999, Akhtaruzzaman forcefully seized control of UCBL's board of directors during a meeting with his son, Saifuzzaman Chowdhury by gunpoint with 40 armed men.

[16] Bangladesh Police declined to initiate any action against him citing the close association between Akhtaruzzamanu and Prime Minister Sheikh Hasina.

[16] The Anti-Corruption Commission (ACC) sued four officials of UCB and a managing director of a real estate company for embezzling 90 million Bangladeshi taka from the bank.

[26] In September, Bangladesh Bank asked UCB to provide clarifications regarding their suspected profiting from selling dollars at inflated prices during the foreign exchange market crisis.

[27] Later the complaint has been resolved, resulting in the bank being mandated to allocate 50% of its profit from dollar trading to its corporate social responsibility (CSR) funds, while the remaining 50% can be retained as income.

[28] In July, MNH Bulu, A Bangladeshi businessman filed a lawsuit against UCB seeking BDT 400 million in damages for alleged defamation caused by false charges.

[31] With a network of 228 branches and 159 sub-branches, the Bank provided personalized service, innovative practices, dynamic approach and efficient Management.

[41] In 2022, UCB achieved its highest profit, exceeding US$39 million, representing a growth rate of 32% compared to the previous fiscal year.