Dhaka, Bangladesh (BBN) – One more sponsors/directors of a private commercial bank (PCB) has declared to buy shares aiming to comply with the Securities and Exchange Commission (SEC)’s recent directive.

Nurul Islam Chowdhury, one of the directors of United Commercial Bank Limited (UCBL), has expressed his intention to buy 70,000 shares in addition to his current holding of 64,51,050 shares of the bank at prevailing market price through Stock Exchange within next 30 working days, an announcement said on Tuesday.

On Monday, Two sponsors/directors of Al Arafa Islami Bank and UCBL have declared to buy shares to comply with the SEC’s recent directive.

BBN/SSR/AD-21Dec11-9:09 am (BST)