Uttara Bank Limited

Climate Impact & Sustainability Data (2019, 2021)

Spent an amount of Tk. 38.23 million covering as CSR which covers a vast area of disaster management, arts & culture, education, health and other under privileged sectors for overall betterment of the nation.
Invested near about Tk. 1,515.9 million as green finance.
Creating awareness among employees for efficient use of water, electricity and paper, use of renewable energy and use of energy saving bulbs

Donated 75,000 pieces of blankets to the Prime Minister’s Relief Fund Office for onward delivery to distressed cold affected people of the country.
Donated to Prime Minister’s Relief & Welfare Fund for the help of fire incident’s affected people of Churihatta, Chawkbazar, Dhaka.
Financial assistance for arrangement of International Conference on Climate Change 2019, Dhaka and procurement of laboratory equipment of ‘Fareast International University (FIU)’, Banani, Dhaka.
Donations to four individuals for treatment purposes.
Financial assistance for organizing the first South Asian Film, Media and Journalism Studies Conference to mark the Birth Centenary of the Father of the Nation.
Assistance to ‘Kanak Memorial Trust’ for its extended services and activities for the welfare & treatment of poor people and poor students.
Support to Child Day Care Centre of Private Banks (Pushpita), Motijheel, Dhaka and for publications of rhymes as integrity practice.

Strengthened corporate governance status by establishing responsible management system and strengthening supervision.
Ensured the compliance of Corporate Governance as per Securities and Exchange Commission rules and regulations.

Maintaining a judicious ALM practice and effective balance sheet management.
Efficiency in cost management.
Expanding its operation through opening 4 (four) branches and 4 (four) sub branches at different places across the country.
Shifting branches to new premises in more suitable places and furnishing and modernizing a large number of branches.

Frameworks Used: IFRS

Third-party Assurance: M/s. M.J. Abedin & Co. and M/s. G. Kibria & Co. Chartered Accountants

Invested near about Tk. 1,666.8 million as green finance up to 2021
Circulated 55 green products through different Instruction Circulars
Financed a total amount of Tk. 16668.03 lac up to 2021 in different green products

Spent an amount of Tk. 97.90 million covering as CSR which covers a vast area of disaster management, arts & culture, health and other under privileged sectors for overall betterment of the nation
Donated 75,000 pieces of blankets to the Prime Minister’s Relief Fund
Provided financial assistance to three individuals for treatment purpose
Donated to “Prime Minister’s Relief & Welfare Fund” for tackling Corona-virus Disease (COVID-19) Pandemic
Made direct donation to poor people being workless/helpless due to COVID-19 pandemic through NGO as Special CSR
Donated 1,000 Masks to RAB Forces Headquarter, 2,000 Masks to Jatiya COVID-19 Niyontran Kormosuchi, Health Directorate, Mohakhali and 500 Masks for celebration of National & International Day of Disabled Persons
Donated to UNO Office, Begumgonj, Noakhali for celebration of Golden Jubilee of Independence
Donated to Child Day Care Centre of Private Banks (Pushpita), Motijheel, Dhaka as yearly maintenance cost for the year 2021 and for publications of rhymes as integrity practice

Actively and fully adhered to the principles of sound corporate governance
Ensured the compliance of Corporate Governance as per Securities and Exchange Commission rules and regulations
Strengthened its corporate governance status by establishing responsible management system and strengthening supervision

Growing challenges in maintaining dividend growth
Repeated waves of the COVID-19 pandemic impacting the global and national economy
Supply chain disruptions
Uncertainties created by COVID-19 impacting private sector credit growth
Global commodity price spirals
Rapid mutation of the Coronavirus posing risks to economic recovery
Paralyzed situation of business and trade due to the pandemic

Appropriate policies and 28 stimulus packages aided economic recovery
Judicious ALM practice and effective balance sheet management
Expansionary and accommodative monetary policy stance
Adherence towards quality credit
Worldwide vaccination drives
Government's stimulus and social safety packages
Strengthening risk management and internal control
Implementation of risk management policies, guidelines at the field level and acceleration of the establishment of risk culture in the bank

Frameworks Used: IFRS

Third-party Assurance: Rahman Mostafa Alam & Co. Chartered Accountants and G. Kibria & Co. Chartered Accountants