Bangladesh Banks – Harder Line Being Taken
* Regulator spread letter and LDR changes could prompt aggressive NIM/spread compression at the Bangladeshi banks. * Higher capital requirements...
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ENTITY
Uttara Bank Ltd (UTTARA BD)
Uttara Bank Ltd (UTTARA BD)
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Analysis
Financials • Bangladesh
Uttara Bank Limited provides various commercial banking products and services in Bangladesh. The company�s deposits products include savings accounts, special notice deposits, fixed deposit receipt accounts, as well as double benefit, monthly, marriage, education, swapnapuran, and monthly profit deposit schemes. It also offers various loan schemes comprising consumer credit, personal loans, building repair loans, and small and medium enterprise loans, as well as international banking services. In addition, the company offers online banking, ATM, card, and locker services. It operates a network of approximately 227 branches in Bangladesh. Uttara Bank Limited, through its subsidiary, UB capital and Investment Limited, provides merchant banking and portfolio management services, including underwriting public issue of shares, buying and selling shares/securities on behalf of clients under portfolio management operation, etc. The company was formerly known as Eastern Banking Corporation Limited and changed its name to Uttara Bank Limited in 1983. Uttara Bank Limited was founded in 1965 and is headquartered in Dhaka, Bangladesh.
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