United Commercial Bank (UCB) PLC said its earnings fell 9 percent year-on-year in the first nine months of the current financial year 2023.

The private bank said its earnings per share (EPS) declined to Tk 1.20 during the January-September period, down from Tk 1.31 per share during the same period a year ago, according to a disclosure.

However, UCB's net profit grew during the July-September quarter, when the bank's EPS soared 10 percent year-on-year to Tk 0.53 crore.

UCB registered a massive recovery in net operating cash flow in the first nine months to September of this financial year.

UCB's shares closed unchanged at Tk 12.40 at the Dhaka Stock Exchange on Monday, the last trading day before the public holiday.