Introduction:
UTTARA BANK LIMITED is one of the oldest and largest Commercial Banks in the private sector in Bangladesh. It provides mass banking services to the customers through its branch network all over the country. This bank has been playing vital role in socio economic, industrial and agricultural development of the country.
The prosperity of country depends on its economic activities. Like any other sphere of modern socio economic activities, banking is a powerful medium of bringing about socio economic changes of a developing country. Without adequate banking facilities agriculture, commerce and industry can not be flourished. A suitable developed banking system can provide the necessary drives for the economic growth of the country. Because banking system is linked with the whole economy of the country.
Uttra Bank Limited is a private commercial bank, offers a range of mass banking services and products in Bangladesh. Its deposit products include savings bank account ,fixed deposit accounts , short term deposit accounts , current accounts , pension accounts, and foreign currency accounts .The banks’ loan and lease services are composed micro credit, SME financing, industrial loans, working capital financing., export credit, import credit , bill purchase , letter of credit , letter of guarantee, lease financing ,transport financing consumer loan schemes and house building loans . It also offers various remittance services including remittance of fund from abroad to Bangladesh
2.2 profile of the UBL
Name of the organization: Uttara Bank Limited
History: 1984, issued market share & named Uttara Bank Limited
Year of establishment: 1964, named Eastern Bank Corporation
Nature of organization: Private Commercial Bank.
Products: Banking Services.
Shareholders: Main shareholders include leading
Industrialists and business magnets of the
Country. The Board of Directors consists of
13 members. Most of the directors are
Owner of large business groups.
Total employee: 3562
Customers: Business Enterprise and Individuals
Head office: Uttara Bank Bhaban, 90, Motijheel Commercial
Area, Dhaka, Bangladesh
2.3. List of the UBL Branches
UBL Networks
Corporate office | 2 |
Regional offices | 12 |
World wide affiliation | 600 |
Total branches | 207 |
Authorized dealer branches | 38 |
Treasury and dealing room | 1 |
Training institute | 1 |
Number of employees | 3562 |
HISTORY OF THE UBL
At first Uttara Bank Limited was established in 1964 named as an EASTERN BANKING CORPORATION. After liberation war it was changed to Uttara Bank. In 1984 it issued its share through stock exchange and named as Uttara Bank Limited. Uttara Bank is one of the largest and oldest private sector commercial banks in Bangladesh with years of experience. Adaptation of modern technology, both modern equipment and banking practice ensure efficient service to their customers. Within 207 branches at home and 600 affiliates worldwide create efficient networking and well capability. UTTARA Bank is serving both clients and country. It stared its banking business through opening of import letters of credit in favor of foreign suppliers on behalf of various import clients. After starting operation as a commercial bank from November 1, 1985 on words, side by side with the traditional products it also started providing all types of foreign exchange related services to its different categories of clients. As such the establishment of a strong international division was felt since the very inception of the bank. The division has been managing by executives and officers who are well conversant with foreign exchange related to operations so that branches dealing in foreign exchange related transactions could get all the supports from the head office , besides giving international trade related support to the branches the division is responsible for proper maintenance of the nostrum accounts for investment of excess foreign reserves , for ensuring proper compliance of the foreign exchange regulation by the branches handling foreign exchange business .
VISION
The vision of the uttara bank are given below
To establish and maintain modern banking technique to ensure the soundness and development of financial system.
Try to encourage savings in the form of direct investments.
Be one of the best banks in Bangladesh.
To contribute in the socio economic development of Bangladesh.
To establish relationship banking and improve service quality through development of strategic marketing plan.
To ensure optimum utilization of all available resources.
Mission
Establishing banking through the introduction of welfare oriented banking system and also ensuring equity and justice in the field of all economic activities, achieving balanced growth and equitable development through diversified investment operations, particularly in the priority sectors and development areas of the country; encouraging socio economic uplift and financial services to the lower income communities, particularly in the rural areas
functions
Function of the UBL is based on profit earning (as commercial bank), social welfare and development of the country. They usually perform the followings:
To maintain all types of deposit accounts
To make investment
To conduct foreign exchange business
To extend other banking services
To conduct social welfare , activities through banking
To finance in industrial sector s like BSB,BSRS,SME
To finance in house building
To make the life style easy through banking services
Management structure
Chairman |
Vice Chairman |
Director |
Managing Director |
Deputy Managing Director |
General Manager |
Secretary |
Senior Principal |
Principal |
Senior Officer |
Officer |
Board of Director
Mr. Shah Habibul Haque
Director
Mr. Shamsuddin Ahmed
Mr. Faruque Alamgir
Director
Col. Engr. M. S. Kamal (Retd)
Independent Director
Mr. Syed A. N. M. Wahed
Director
Mr. Sk. Amanullah
Director
Major General Prof. M. A. Mohaiemen (Retd)
Director
Dr. Md. Rezaul Karim Mazumder
Director
Lt. Col. Dewan Zahedur Rahman (Retd)
Director
Engr. Tofazzal Hossain
Director
Mr. Mohammed Farooq
Depositor Director
Mr. Muhammad Quamrul Ahsan
Managing Director
Mr. Shamsuddin Ahmed
Executive committee
Chairman
Mr. Azharul Islam
Managing Director & Ceo
Shamsuddin Ahmed
Directors
Mr. Shah Habibul Haque
Col. Engr. M. S. Kamal (Retd)
Lt. Col. Dewan Zahedur Rahman (Retd)
Vice Chairman
Mr. Iftekharul Islam
The Organization Hierarchy
Chairman Secretarial
Managing Director’s Secretariat
Board Department
Share Department
MIS and Computer Department
Establishment Department
Stationary and Record Department
Transport Department
Human Resources Department
Personnel Department
Test Key Department
Disciplinary Department
Marketing Department
Business Development Department
Branch Department
Engineering Department
Public Relation Department
Credit Risk Management Division
Credit Approval Department
Credit Admin &Monitoring Department
Credit Marketing Department
Credit Recovery Department
Central Account Department
Account Department
Reconciliation Department
Internal Control and Compliance Division
Audit and Inspection Division
Monitoring Department
Compliance Department
International Division
Treasury Division
Map of Bangladesh showing the branches district