Equity Report on Uttara Bank PLC.
Equity Coverage on Uttara Bank PLC.
Uttara Bank PLC. is one of the largest private sector commercial banks in Bangladesh in terms of total assets, which stood at BDT 263,662 million, as at the end of 2023 with a CAGR of 6.8% over the past five years. Total loans and advances portfolio recorded a double-digit growth of 11.0% and reached at BDT 179,026 million as on December 2023 as against BDT 161,316 million as on December, 2022.
Uttara Bank maintains a strong capitalization in Tier -1 and total capital ratio. The Capital to risk weighted assets ratio (CRAR) reached to15.5% in 2023 from 15.4% in 2022, in compliance with the minimum regulatory requirement of 12.5% (with conservation Buffer). Return on Equity (ROE) of Uttara Bank stood at 13.9% at the end of 2023 compared to 13.2% reported at the end of the year 2022. On average, Uttara Bank maintains ROE at 12.7% in the last five years, which is one of the highest among all listed banks.
NPL ratio of Uttara Bank reported only 5.46% as of December 2023 whereas industry NPL ratio reached 9.0% as of that date. NPL ratio decreased by 130 bps from 6.8% of December 2022.
Closure: Investors will get a comprehensive understanding of Uttara Bank PLC. through the equity coverage, which covers mainly the bank’s operational activities, financial performance and forecasts, capital market performance, and so on. Based on the encyclopedic analysis, it’s presumed to be a good investment for the value investors.