Uttara Bank PLC. is one of the largest and oldest private sector commercial banks in

Bangladesh Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world and among the List of countries and dependencies by ...

. There are 243 branches at home and 600 affiliates worldwide. Azharul Islam, chairman of Aftab Group, is the chairman of Uttara Bank PLC.

History

Uttara Bank PLC. (UBPLC) was established in 1965 with the head office located at Motijheel in

Dhaka Dhaka ( or ; , ), List of renamed places in Bangladesh, formerly known as Dacca, is the capital city, capital and list of cities and towns in Bangladesh, largest city of Bangladesh. It is one of the list of largest cities, largest and list o ...

East Pakistan East Pakistan was the eastern province of Pakistan between 1955 and 1971, restructured and renamed from the province of East Bengal and covering the territory of the modern country of Bangladesh. Its land borders were with India and Burma, wit ...

as a scheduled bank of the Eastern Banking Corporation. After the

Independence of Bangladesh The independence of Bangladesh was Proclamation of Bangladeshi Independence, declared from Pakistan on 26 March 1971, which is now celebrated as Independence Day (Bangladesh), Independence Day. The Bangladesh Liberation War started on 26 March ...

following the

Bangladesh Liberation War The Bangladesh Liberation War (, ), also known as the Bangladesh War of Independence, was an War, armed conflict sparked by the rise of the Bengali nationalism, Bengali nationalist and self-determination movement in East Pakistan, which res ...

, the bank was nationalized under Bangladesh Banks (Nationalisation) Order 1972 and renamed it Uttara Bank. On 15 September 1983, Uttara Bank became a private limited bank. It is listed on

Chittagong Stock Exchange The Chittagong Stock Exchange () is a stock exchange based in the port city Chittagong, Bangladesh. It is one of the twin financial hubs of the country, alongside the Dhaka Stock Exchange. Established in 1995, the exchange is located in the A ...

and

Dhaka Stock Exchange The Dhaka Stock Exchange (DSE) ( ''Dhaka stôk ekschenj''), located in Nikunja, Dhaka, is one of the two stock exchanges of Bangladesh, the other being the Chittagong Stock Exchange. In January 2023, DSE and Nasdaq announced their partnership ...

. On 23 December 2003, Md Mahfuzus Subhan, a retired cadre of East Pakistan Civil Service, was appointed chairman of Uttara Bank PLC. In April 2007, Uttara Bank PLC. was part of a syndicate led by Dhaka Bank and composed of Premier Bank Limited and AB Bank to provide a 680 million BDT loan to Capital Board Mills Limited, a subsidiary of Capital Paper and Pulp Industries Limited. In 2008, following instructions of

Bangladesh Securities and Exchange Commission The Bangladesh Securities and Exchange Commission (BSEC) is the regulator of the capital market of Bangladesh, comprising Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The commission is a statutory body and attached to the Mini ...

Uttara Bank PLC. appointed independent directors. Two bank officials including a branch manager and two businessmen were sentenced to life imprisonment for embezzlement of 40 million BDT in April 2016. On 10 May, Mohammed Rabiul Hossain was appointed CEO and managing director of Uttara Bank PLC. In 2019, Uttara Bank PLC. provided a 7 per cent cash dividend and 23 per cent stock dividend. Uttara Bank PLC. saw profits decline 26 per cent from July to September 2022. Iftekharul Islam, managing director of Aftab Group, was elected vice-chairman of Uttara Bank PLC. The bank opened its 244th branch at

Teknaf Teknaf () is a municipality of Teknaf Upazila of Cox's Bazar District in south-eastern Bangladesh. It forms the southernmost point in mainland Bangladesh ( St. Martin's Island is the southernmost point). The name of the region comes from the Naf ...

, Coxʹs Bazar District.

Structure

Uttara Bank PLC. has 245 branches and 28 sub-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 authorized dealer branches. It is also affiliated with nearly 600 financial institutions worldwide. The Board of Directors consists of 15 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. 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.

References

External links

Official Website - Uttara Bank PLC

iBanking - Uttara Bank Internet Banking

Available Jobs - Uttara Bank

Android Mobile Apps - Uttara eWallet
Banks established in 1965 Banks of Bangladesh Companies listed on the Dhaka Stock Exchange Companies in the DSE 30 Index {{Bangladesh-stub