Regulatory Alerts2025-05-27
Added
DOS Circular Letter No. 09: Temporary Intermission of Banking Operations of United Commercial Bank PLC for Core Banking System Upgradation
The Department of Offsite Supervision grants consent for United Commercial Bank PLC to temporarily suspend all banking operations for six days, from 12:00 AM on June 9, 2025, to 11:59 PM on June 14, 2025, to facilitate core banking system upgradation. This suspension covers branches, sub-branches, agent banking outlets, debit cards, ATMs, CRMs, internet banking, and SWIFT services. The approval is issued under the powers vested in Section 45 of the Bank Company Act, 1991.
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