Preparation of accounts with security whose

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Preparation of accounts with security, whose operations are active but the owners are uncooperative, for legal action; coordinate with the Bank’s legal counsel and/or external lawyers in the filing and prosecution stage; execute final judgment as may be determined by the courts. For these types of accounts, the NPL Unit may recommend further accounting treatments (such as additional loan loss provisions) depending on the perceptions concerning the Bank’s security position. Blacklist the borrowers to ensure they are not entertained for future accommodations in the future. Prepare accounts without any security, whose operations are either active or inactive and the owners are uncooperative, for attachment of personal assets through legal means; as above, coordinate with the legal agents of the Bank until the cases are resolved. Recommend write-off for accounts with no hope of recovery, and blacklist the borrowers to ensure they are never entertained in the future. The Board have the sole authority to approve write-offs Internal Audit & Compliance All front office lending outlets are audited regularly (at least bi-annually) as an independent check of their activities. However, more frequent inspections and audits are conducted if situation is demand. Particular attentions are paid to the corporate and Authorized Dealer (AD) branches which are expected to originate and maintain the bulk of the credit and investment portfolios. Compliance Requirements are: Bangladesh Bank Circulars and other regulations are maintained and updated regularly. Guidelines with regard to CIB reporting, provisioning and write -off of bad and doubtful debts, and suspension of interest accrual are strictly enforced. These require 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 how to 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 by which one get take necessary action to improve their business because SWOT analysis is completely depend on the market. The SWOT analysis of UBL 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 lo Long management hierarchy.

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