Uttara Finance and Investments Limited

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Uttara Finance and Investments Limited has been in business since 1995. It got listed in the stock exchange during 1997. It is honored as the only listed Financial Institution in DSE20. Its CAMEL rating by Bangladesh Bank is strong with A+ rating by CRISIL and hence has been granted refinance facility by Bangladesh Bank. Currently, it enjoys credit rating of BBB which ensures high security of investment. Due to these ratings it enjoys credit, bridge finance and standby facility for World Bank funded projects.

It was awarded with first position by ICMAB National Best Corporate in 2007. Uttara Finance and Investments Limited is the member of almost all leading Business Associations like:

BLFCA (Bangladesh Leasing and Finance Companies Association)
ALFCA ( Asian Leasing and Finance Companies Association)
BMBA (Bangladesh Merchant Bankers Association)
BAPLC ( Bangladesh Association of Public Listed Companies) and

Chamber of Commerce and Industry Like:

ICC ( International Chamber of Commerce – Bangladesh)
FICCI ( Foreign Investors Chamber of Commerce and Industry)
MCCI (Metropolitan Chamber of Commerce and Industry)
DCCI (Dhaka Chamber of Commerce and Industry)

Uttara Finance provides financing facility to variety of customers and it has designed its lending portfolio based on socio-economic concerns. It provides Lease Finance to industry for acquiring capital assets like plants and machinery. It gives short term to mid term loans for fulfilling working capital requirements of industry in form of working capital loan. For selective clients it provides bridge finance to fulfill their equity shortfall in their projects. Apart from Business and Industry, for individuals with high income (above BDT 50,000 per month) it imparts home loans for purchasing apartments provided it is measuring 1250 sq ft and above. To fulfill urgent financial obligation it has the facility of Personal Loans for individuals.

Unlike financing portfolio, its investment portfolio is not fully developed. Currently, it is at the evolution stage. At present, if has different deposit schemes ranging from 6 to 36 months based on type of investors. For Individual investors deposit schemes are from 12 to 36 months while for business houses it has schemes from 6 months to 36 months. Its Merchant Banking Unit basket has complete set of services for capital market like Portfolio Management, Mutual Funds, Bridge Financing, Individual Investor Account in capital market etc. Uttara Finance has very attractive Zero Down Payment Scheme for individuals to help them in purchasing vehicles. For small and medium enterprises it gives schemes as instructed by Bangladesh bank.

Uttara Finance has performed excellently in last five years. It is reflected in its EPS which stands above 10. Reputation and Goodwill in business plays an important role for the success of a company and if it is a financial institute, it plays a prima fascia role. Uttara has grown its deposit base from Tk. 4307 Million to Tk. 5565 Million in 2012. Its Advances in Business stands at a handsome Tk. 10781 Million in 2012.

With transparent management policy, flexible products, motivated employees and a vision to become big has planted a seed for uttara finance to be a leading finance company in Bangladesh shortly.