Preparation of accounts with security, whose operations are active but theowners are uncooperative, for legal action; coordinate with the Bank’s legalcounsel and/or external lawyers in the filing and prosecution stage; executefinal judgment as may be determined by the courts. For these types ofaccounts, the NPL Unit may recommend further accounting treatments (suchas additional loan loss provisions) depending on the perceptions concerningthe Bank’s security position. Blacklist the borrowers to ensure they are notentertained for future accommodations in the future.Prepare accounts without any security, whose operations are either active orinactive and the owners are uncooperative, for attachment of personal assetsthrough legal means; as above, coordinate with the legal agents of the Bankuntil the cases are resolved. Recommend write-off for accounts with no hopeof recovery, and blacklist the borrowers to ensure they are never entertainedin the future. The Board have the sole authority to approve write-offsInternal Audit & ComplianceAll front office lending outlets are audited regularly (at least bi-annually) as anindependent check of their activities. However, more frequent inspections andaudits are conducted if situation is demand. Particular attentions are paid tothe corporate and Authorized Dealer (AD) branches which are expected tooriginate and maintain the bulk of the credit and investment portfolios.Compliance Requirements are:Bangladesh Bank Circulars and other regulations are maintained and updatedregularly.Guidelines with regard to CIB reporting, provisioning and write -off of bad anddoubtful debts, and suspension of interest accrual are strictly enforced. Theserequire the approval of the. Board, as recommended by the MD-CEO.The performance of all external service providers (e.g. property appraisers,lawyers, insurers, CPAs, etc.) are reviewed on a periodic basis.
SWOT Analysis –SWOT analysis is an important part for evaluating the company’s Strength,Weakness, Opportunity, and Threats. It helps the organization to identify howto evaluate its performance and scan the micro environment.It is very necessary to have the SWOT analysis to identify the Strength,Weakness, Opportunity, and Threats of UBL. This is one of the popular way bywhich one get take necessary action to improve their business becauseSWOT analysis is completely depend on the market. The SWOT analysis ofUBL is given below:Strength (S)Uttara Bank Limited is having the following strengths:Transparent and quick decision making.Efficient team of performance.Satisfied customers.Diversification to perform business operation.As the customers can draw the whole money,Weaknesses (W)Uttara Bank Limited is having the following weaknesses:Installment period and installment time duration is relatively loLong management hierarchy.