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Uttara Bank Limited | ||||||||||||||||||
| Head Office, 90,Motijheel Commercial Area | ||||||||||||||||||||
| (47, Bir Uttam Shahid Asfaqus Samad Sarak) Dhaka-1000 | ||||||||||||||||||||
| CREDIT RATING REPORT (SURVEILLANCE) ON UTTARA | ||||||||||||||||||||
| BANK LIMITED RATED BY CRAB BASED ON 31.12.2010 | ||||||||||||||||||||
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Credit Rating Agency of Bangladesh Limited (CRAB) has awarded the long term rating of Uttara Bank Limited at “A1” (pronounced Single A one) and the Short Term rating at “ST-2” for the year 2010 |
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A comparative position of the credit rating of Uttara Bank Ltd. for the year 2010 and 2009 is furnished below. |
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Commercial Banks rated “A1” have strong capacity to meet their financial commitments but are somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than commercial Banks in higher-rated categories. A1 is judged to be of high quality and are subject to low credit risk. Commercial Banks rated ST-2 are considered to have strong capacity for timely repayment. Commercial Banks rated in this category are characterized with commendable position in terms of liquidity, internal fund generation, and access to alternative sources of funds. The rating reflects the Bank’s strength in capital base, satisfactory profitability, improving trend in asset quality. |
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