Pi ratings pi rating: banks as a part of compliance requirement of bangladesh bank, crisl has released the ratings of the following banks on the basis of the public information (pi) as published by the banks in its annual report, annual financial statements upto december 31, 2016 and other available published information. Credit approval and risk management of uttara bank limited this report is basis on the entire process of credit approval and the credit risk assessment system of uttara bank limited and identifying the positive aspects as well as the shortcomings of that credit scheme.
The bank had been a nationalized bank in the name of uttara bank under the bangladesh bank (nationalization) order 1972, formerly known as the eastern banking corporation limited which started functioning on and from 28011965. Bank limited rated by ecrl based on 28062018 emarging credit rating limited (ecrl) has affirmed the long term rating of uttara bank limited at aa (pronounced as 'double a') and the short term rating at st-2 for the year 2017. Crisl conducted pi ratings of 24 banks out of them ratings of 16 banks ( 2 scb , 2 fcbs & 12 pcb) have been reaffirmed or newly assigned rating of one bank has been upgraded and ratings of 7 banks have been downgraded.
About us - board of directors » md asaduzzaman khan, former managing director, industrial and infrastructure development finance company limited (iidfc) and former executive director of bangladesh bank has joined national credit ratings limited on february 20, 2018 as managing director & ceo mr md momin ullah patwary, bp, former managing director and ceo will now act as advisor to the company. Ii | p a g e credit appraisal and risk management of uttara bank limited submitted to: ms sreyoshi ahmed brac business school brac university. Credit rating agency of 24/02/04 chamber building (6th floor), 122-124 bangladesh ltd (crab) motijheel c/a, dhaka-1000 03 national credit ratings ltd 22/06/2010 3 bijoy nagor, 3rd floor, dhaka-1000 04 emerging credit rating ltd 22/06/2010 shams rangs, house #104, park road, flat# a1, a2, baridhara, dhaka-1212 05.
The bank started functioning on and from 28011965 consequent upon the amendment of bangladesh bank (nationalization) order 1972, the uttara bank was converted into uttara bank limited as a public limited company in the year 1983 the uttara bank limited was incorporated as a banking company on june 29, 1983 and obtained business commencement certificate on august 21, 1983.
Emarging credit rating limited (ecrl) has affirmed the long term rating of uttara bank limited at aa (pronounced as 'double a') and the short term rating at st-2 for the year 2017 the surveillance rating & the entity rating of uttara bank limited for the year 2016 and 2017 respectively are furnished below.
Credit rating agency of bangladesh limited (crab) has upgraded the long term rating of uttara bank limited to “aa3” (pronounced as double a three) from a1 and retained the short term rating at “st-2” for the year 2011 a comparative position of the credit rating of uttara bank ltd for the year 2011 and 2010 is furnished below.