Overview

Akhtaruzzaman Chowdhury Babu was an enlightened person in his personal and political life. He came from an aristocratic family and became a great industrialist of the country. He aimed to bring peace and prosperity to this nation. He was a brave political leader who was involved in government issues to maintain the standard of Bangabandhu’s philosophy. He founded many organizations, academic institutions, industrial sectors for the country’s well-being.

Journey of UCBL

Akhtaruzzaman Chowdhury Babu was a frontline person who expanded the private financial area in Bangladesh. He is the Founding Chairman of United Commercial Bank Limited (UCBL). This is the second-largest successful private bank in our country. He was re-elected the director and the Chairman of the bank until his demise. 

Overview of UCBL

UCB set off its journey in the mid-1983 sponsored by a few eminent entrepreneurs. Akhtaruzzaman Chowdhury Babu was one of the dynamic industrialists among them. UCB bank has left a distinct mark since it has been established. The bank aims to play a leading role in the economic development of the country. It is engaged in the evolution of commerce, trade, and industry through innovative credit policy. It has a vast network of 98 branches among the first-generation banks in the private sector. 

Business Ideology

UCBL provides the best services to the clients and takes part in social development activities. It also has a goal to contribute to the growth of the national economy. This well-positioned bank is well-prepared to meet challenges. It takes the opportunity to get benefits from economic growth. The bank serves as the partner and advisor of the clients to trade. 

Organizational Strategy:

The primary strategy of UCBL is organic growth as the financial industry is very competitive. UCBL strengthens its distribution network by building branches and largening its growth. This strategy is held up by a broad spectrum of products and services. 

This bank maintains rational communication from top to bottom level. It ensures that each official gets the proper value and treated as a part of the bank. They get the privilege to commit themselves for the welfare of the service of the company. 

Vision

The central vision of the United Commercial Bank Limited is to stabilize the economy of Bangladesh by investing public money. The profitability builds up the confidence of the private institutions. It aims to ensure the highest standard of client services. The best services are achieved with the latest information technology.

UCBL and Akhtaruzzaman Chowdhury Babu

Akhtaruzzaman Chowdhury Babu was an honest political leader who sacrificed himself for the nation. Unfair means and confidential transactions are widespread in politics. Besides, most politicians lead their lives on the honorarium that the state gives them. On the other hand, he had strictly avoided all the unfair means and protested against them. He founded UCBL on his morals. The way he loved his principles, UCBL puts the highest priority in ensuring transparency in a similar way.  Its client services serve society by getting closer and closer to the people.

Conclusion

Akhtaruzaman Chowdhury Babu overcame all hurdles and turned the negatives into positives. His support for the country and the people was remarkable. He tried to reduce the unemployment rate in Bangladesh and made an opening for the people. He was a significant representative and the head of the business in the local area of the country.

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