Foreign exchange operations of uttara bank

It is said that small savings can build up prosperous future. The monthly savings scheme boasts of certain terms and conditions: Monthly installment may be Tk.

Foreign exchange operations of uttara bank

Plot Uttara,Section 7 Dhaka National Bank Limited Limited has its prosperous past, glorious present, prospective future and under processing projects and activities.

Established as the first private sector bank fully owned by Bangladeshi entrepreneurs, NBL has been flourishing as the largest private sector Bank with the passage of time after facing many stress and strain.

The members of the board of directors are creative businessmen and leading industrialists of the country. To keep pace with time and in harmony with national and international economic activities and for rendering all modern services, NBL, as a financial institution, automated all its branches with computer networks in accordance with the competitive commercial demand of time.

Moreover, considering its forth-coming future, the infrastructure of the Bank has been rearranging. The expectation of all class businessmen, entrepreneurs and general public is much more to NBL. At present we have branches under our branch network. In addition, our 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.

The emergence of National Bank Limited in the private sector was Foreign exchange operations of uttara bank important event in the Banking arena of Bangladesh. When the nation was in the grip of severe recession, the government took the farsighted decision to allow the private sector to revive the economy of the country.

Several dynamic entrepreneurs came forward for establishing a bank with a motto to revitalize the economy of the country. National Bank Limited was born as the first hundred percent Bangladeshi owned Bank in the private sector.

From the very inception, it was the firm determination of National Bank Limited to play a vital role in the national economy. We are determined to bring back the long forgotten taste of banking services and flavors. We want to serve each one promptly and with a sense of dedication and dignity.

The then President of the People's Republic of Bangladesh Justice Ahsanuddin Chowdhury inaugurated the bank formally on March 28, but the first branch at 48, Dilkusha Commercial Area, Dhaka started commercial operation on March 23, The 2nd Branch was opened on 11th May at Khatungonj, Chittagong.

Since the very beginning, the bank has exerted much emphasis on overseas operations and handled a sizable quantum of home bound foreign remittance. It has drawing arrangements with correspondents in 75 countries of the world, as well as with 37 overseas Exchange Companies located in 13 countries.

NBL was the first domestic bank to establish agency arrangements with the world famous Western Union in order to facilitate quick and safe remittance of the valuable foreign exchanges earned by the expatriate Bangladeshi nationals.

This has meant that the expatriates can remit their hard-earned money to the country with much ease, confidence, safety and speed.

Foreign exchange operations of uttara bank

NBL has been continuing its small credit program for disbursement of collateral free agricultural loans among the poor farmers of Barindra area in Rajshahi district for improving their livelihood. NBL focused on all key areas covering capital adequacy, maintaining good asset quality, sound management, satisfactory earning and liquidity.


As a consequence, it was possible to a record growth of The net profit after tax and provision stood at Tk. The total deposits increased to Tk. Loans and advances stood at Tk. Foreign trade stood at Tk.

Duringthe bank handled inward remittance of Tk. Return on Equity ROE registered a National Bank, has now acquired strength and expertise to support the banking needs of the foreign investors.

NBL stepped into a new arena of business and opened its Off Shore Banking Unit at Mohakhali to serve the wage earners and the foreign investors better than before. Since its inception, the bank was aware of complying with Corporate Social Responsibility.

In this direction, we have remained associated with the development of education, healthcare and have sponsored sporting and cultural activities.

During times of natural disasters like floods, cyclones, landslides, we have extended our hand to mitigate the sufferings of victims. It established the National Bank Foundation in to remain involved with social welfare activities.

Besides awarding scholarship to the meritorious children of the employees, the bank has also extended financial support for their education. It also provided financial assistance to the Asiatic Society of Bangladesh at the time of their publication of Banglapedia and observance of years of Dhaka City.

The bank has a strong team of highly qualified and experienced professionals, together with an efficient Board of Directors who play a vital role in formulating and implementing policies.General Banking, Foreign Exchange, Loan And Advance of UTTARA BANK LIMITED.

Organizational Overview Uttara Bank at a Glance After liberation, the banks operations in Bangladesh were nationalized. Jul 05,  · Branch Location - Bangladesh Bank (Barisal Office) Functions: Bangladesh Bank, Barisal, one of the branches of the Central Bank, was established on 17th November, with a view to managing the monetary and credit system, establishing domestic monetary value and maintaining a competitive external par value of the Bangladeshi Taka.

Jun 30,  · Uttara bank limited UBL is now well growing and containing branches in Dhaka and outside of the Dhaka. The scope of title study will be limited to the organizational setup, function and operations of the UBL in title Bangladesh specially concentrating on UBL operations in General and Foreign Exchange Branch but not the entire realm of the UBL.

Jul 07,  · Sylhet office maintains regular surveillance over the foreign exchange transactions of 45 Authorized Dealers, 14 Money Changers, 4 Limited Money Changers & 2 Indenting Firms.

It also oversees the lending & recovery operations of Agricultural Credits, SME financing of the division. bank name & address; dhblbddh dhblbddh dhbl bd dh bank code: dhbl dhaka bank limited (foreign exchange branch) biman office floor 1 motijheel c/a city: dhaka country: bangladesh: dhblbddh uttara city: dhaka country: bangladesh: dhblbddh dhblbddh dhbl bd dh bank .

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Foreign Exchange Operations Of Trust Bank - [DOCX Document]