Uttara Bank PLC has marked a significant milestone in its ongoing expansion strategy with the inauguration of its 50th sub-branch at Shamshernagar in Kamolganj upazila of Moulvibazar District. The new outlet formally commenced operations on Monday, reflecting the bank’s continued commitment to enhancing financial inclusion and extending formal banking services to semi-urban and rural communities.
The Shamshernagar Sub-Branch was inaugurated by Mr Khandaker Ali Samnoon, Deputy Managing Director of Uttara Bank PLC, at a ceremony attended by senior bank officials, local business leaders and community representatives. Among those present was Mr Md Jahangir Alam, Deputy General Manager and Zonal Head (Sylhet Zone), who underscored the strategic importance of the Sylhet region in the bank’s growth trajectory.
Established in 1965, Uttara Bank PLC is one of the country’s oldest private commercial banks, with a longstanding presence across Bangladesh. Over the past decade, the bank has prioritised branch rationalisation and digital service delivery, complementing its traditional branch network with sub-branches to reach underserved markets. Sub-branches typically operate with streamlined staffing structures and offer essential banking services, including deposit mobilisation, SME financing, remittance processing, and digital transaction facilities.
Shamshernagar, known for its tea estates and proximity to commercial hubs in the greater Sylhet region, has witnessed steady economic activity driven by agriculture, remittances and small-scale enterprises. The establishment of a banking sub-branch in the area is expected to facilitate greater access to formal financial services, particularly for small traders, expatriate families and emerging entrepreneurs.
Key Details of the New Sub-Branch
| Particulars | Information |
|---|---|
| Bank Name | Uttara Bank PLC |
| Sub-Branch Name | Shamshernagar Sub-Branch |
| Location | Kamolganj, Moulvibazar District |
| Division | Sylhet |
| Inaugurated By | Mr Khandaker Ali Samnoon, DMD |
| Zonal Oversight | Sylhet Zone |
| Total Sub-Branches Nationwide | 50 |
Bank officials indicated that the new sub-branch will provide both conventional and technology-enabled services, including online banking facilities integrated with the bank’s centralised core banking system. Customers will also have access to ATM services, fund transfers, utility bill payments and inward remittance support.
Speaking at the inauguration, senior executives emphasised that the expansion aligns with national efforts to deepen financial inclusion and stimulate local economic development. By establishing a presence in Shamshernagar, Uttara Bank aims to strengthen its footprint in the Sylhet region while fostering sustainable banking growth.
With the launch of its 50th sub-branch, Uttara Bank PLC reinforces its strategic objective of broadening service accessibility, enhancing customer outreach and consolidating its position within Bangladesh’s competitive banking sector.