History of Uttara Bank Limited
Uttara Bank Limited celebrated 50th anniversary of its Banking Service in 2015. This well established and ancient bank has a rich history. With the initiation of some renown bengali businessmen it was established to facilitate the disadvantaged people of the then East Pakistan and started its banking operation officially on 28th January of 1965 in name of “Eastern Banking Corporation” with four branches which soon reached 60 just before the independence. During Non-cooperation movement in 1971, this bank performed the treasury function of East Bengal.
After independence, Eastern Banking Corporation was nationalized and renamed as “Uttara Bank” and resumed its banking operation from 26th March 1972. Embarking on a progressive journey, Uttara Bank continued to grow and expand in the successive years. It took the name “Uttara Bank Ltd.” after privatization from June,1983 and became one of the largest private sector bank of Bangladesh. In the later years, Uttara Bank became the trend setter in the banking industry, acquiring lion's share in inward foreign remittances and a major market share in loans to large, medium and small industries, traders and farmers. Based on the bank’s consistent strong financial performance and its expanding presence, Uttara Bank Ltd. is currently ranked as the most trusted bank in Bangladesh.
At present the bank has 229 branches and all are under online network. In addition, its effective and diversified approach to seize the market opportunities is going on as continuous process to accommodate new customers by developing and expanding rural, SME financing and offshore banking facilities. Besides these traditional delivery points, the bank is also very active in the alternative delivery area. It currently has the facilities of SMS Banking, Internet Banking and a large number of ATMs of its own with ATM sharing arrangement with other partner banks.
The Bank is proud of its management team headed by Managing Director, Mr. Mohammed Rabiul Hossain and it encourages all employees to devote a measure of their time and talent to support distressed community by participating in CSR programs. Its main objective is to render service to the people whether rich or poor and to contribute to the development of the nation.