Uttara Bank PLC. is one of the largest and oldest private sector commercial banks in Bangladesh.[4] There are 243 branches at home and 600 affiliates worldwide.[4] Azharul Islam, chairman of Aftab Group, is the chairman of Uttara Bank PLC.[5]
Uttara Bank PLC. (UBPLC) was established in 1965 with the head office located at Motijheel in Dhaka, East Pakistan as a scheduled bank of the Eastern Banking Corporation.[4] After the Independence of Bangladesh following the Bangladesh Liberation War, the bank was nationalized under Bangladesh Banks (Nationalisation) Order 1972 and renamed it Uttara Bank.[4]
On 15 September 1983, Uttara Bank became a private limited bank.[4] It is listed on Chittagong Stock Exchange and Dhaka Stock Exchange.[4]
On 23 December 2003, Md Mahfuzus Subhan, a retired cadre of East Pakistan Civil Service, was appointed chairman of Uttara Bank PLC.[6]
In April 2007, Uttara Bank PLC. was part of a syndicate led by Dhaka Bank and composed of Premier Bank Limited and AB Bank to provide a 680 million BDT loan to Capital Board Mills Limited, a subsidiary of Capital Paper and Pulp Industries Limited.[7]
In 2008, following instructions of Bangladesh Securities and Exchange Commission Uttara Bank PLC. appointed independent directors.[8]
Two bank officials including a branch manager and two businessmen were sentenced to life imprisonment for embezzlement of 40 million BDT in April 2016.[9] On 10 May, Mohammed Rabiul Hossain was appointed CEO and managing director of Uttara Bank
