Uttara Bank Limited

Uttara Bank Limited is one of the largest and oldest private sector commercial banks in Bangladesh. There are 239 branches at home and 600 affiliates worldwide.[4]

Uttara Bank Limited
Private (Non-Government)
Traded asDSE: UTTARABANK
IndustryBanking
FoundedDhaka, Bangladesh (1965)
HeadquartersDhaka, Bangladesh
Key people
  • Azharul Islam (chairman)
  • Iftekharul Islam (vice-chair)
  • Mohammed Rabiul Hossain (managing director & CEO)
[1]
ProductsGeneral Banking
Retail Banking
Consumer Banking
Corporate Banking
Investment Banking
SME Banking
৳138.9 crore (US$16 million) [2]
Number of employees
3,462 persons [3]
Websitewww.uttarabank-bd.com

History

Uttara Bank Limited (UBL) was established in 1965 with the head office located at Motijheel in Dhaka, East Pakistan as a scheduled bank of the Eastern Banking Corporation. After the liberation war of Bangladesh, the bank was nationalized under Bangladesh Banks (Nationalisation) Order 1972 and renamed it Uttara Bank.[4] In 1983, it became the first privatized bank of Bangladesh.

Structure

Uttara Bank Limited has 239 branches in Bangladesh. The bank's internal and external operational activities is operated by twelve zones in different regions of the country. It operates through a number of online branches and authorised dealer branches. It is also affiliated with nearly 600 financial institutions worldwide. The Board of Directors consists of 13 members. The Head Office is located at Bank's own 18-storied building at 90, Motijheel C/A, the commercial center of the capital, Dhaka.

Key persons

Mr. Azharul Islam (Chairman) Mr. Iftekharul Islam (Vice Chairman) Mr. Mohammed Rabiul Hossain (Managing Director & CEO)

Financial health and strength

Despite the recent crisis in the Bangladeshi banking sector, Uttara Bank is maintaining a decent financial health. Bonik Barta, a financial daily newspaper has declared this bank as one of the strongest banks of Bangladesh based on seven indices.[5]

Controversy

Two bank officials including a branch manager and two businessmen were sentenced to life imprisonment for embezzlement.[6]

References
  1. "Photo: Uttara Bank Limited". The Financial Express. Dhaka. Retrieved 2016-05-01.
  2. "Company Information - UTTARABANK".
  3. "Uttara Bank Ltd".
  4. "Uttara Bank Limited - Banglapedia". en.banglapedia.org. Retrieved 2016-05-01.
  5. http://www.bonikbarta.com/first-page/2013/07/30/10742
  6. "Four including Uttara Bank officials get life imprisonment for embezzlement". bdnews24.com. Retrieved 2016-05-01.


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