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Uttara Bank Limited

Uttara Bank Limited is one of the largest and oldest private sector commercial banks in Bangladesh. There are 233 branches at home and 600 affiliates worldwide.[4]

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 233 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

External links


Jobs
28 September 2019