Uttara Bank PLC. (2024)

FAQs

What is the credit rating of Uttara Bank? ›

at "AA" (pronounced as 'Double A') and the short term rating at "ST-2" for the year 2022. The Rating of Uttara Bank PLC.

Based on the bank's consistent strong financial performance and its expanding presence, from 03 July, 2023 it started its new journey with the name "Uttara Bank PLC." instead of "Uttara Bank Limited".

On 15 September 1983, Uttara Bank became a private limited bank.

The Bank operates through 247 fully On-line branches and 38 Sub-Branches ensuring best possible and fastest services to it's valued clients. The Bank has 397 correspondents world wide with whom we have RMA (Relationship Management Application) arrangement. Total number of employees are 4003 (as on 31-Dec-2022).

B1/B+ are one of several non-investment grade credit ratings (also known as "junk") that may be assigned to a company, fixed-income security, or floating-rate loan (FRN). These ratings signify that the issuer is relatively risky, with a higher-than-average chance of default.

Mr. Azharul Islam is the Chairman of the Board of Directors of the Uttara Bank PLC. Revered by all his business acumen, Mr. Azharul Islam, a business tycoon of the country, was born on the 3^rd November in 1948 and hails from a respectable Muslim family of Kishoregonj.

Uttara Bank, the first generation private commercial bank, has posted a 17 per cent year-on-year growth in profit to Tk 3.17 billion for 2023. Its average interest spread increased to 4.23 per cent in October last year from 3.78 per cent in January 2023, according to BB data.

Pubali Bank PLC. (Bengali: পূবালী ব্যাংক) is the largest commercial bank in Bangladesh. It has more branches than any other autonomous bank in the country.

Send Your Money Through iBanking, eWallet and Online Banking of Uttara Bank PLC.

What is PLC in banking? ›

A public limited company (PLC) is a public company in the United Kingdom. PLC is the equivalent of a U.S. publicly traded company that carries the Inc. or corporation designation.

State Bank of India (SBI)

With its headquarters in Mumbai, SBI is India's largest public sector bank. It has 22,405 branches in India, holds a 23 percent market share, and has a strong presence abroad, with more than 233 foreign branches in 36 countries.

As per Moody's, BRAC Bank has the highest core capital base among the banks they rate in Bangladesh. Earlier in December 2023, S&P Global Ratings was again awarded a 'B+' Credit Rating with 'Stable' Outlook to BRAC Bank. BRAC Bank is the only Bangladeshi company rated by S&P Global Ratings.

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

How to access your report. You can request a free copy of your credit report from each of three major credit reporting agencies – Equifax^®, Experian^®, and TransUnion^® – once each year at AnnualCreditReport.com or call toll-free 1-877-322-8228.

It goes as follows, from excellent to poor: AAA, AA (high), AA, AA (low), A (high), A, A (low), BBB (high), BBB, BBB (low), BB (high), BB, BB (low), B (high), B, B (low), CCC (high), CCC, CCC (low), CC (high), CC, CC (low), C (high), C, C (low) and D.