TBT DESK: SBAC Bank PLC has entered its 14th year of operations, marking the milestone with a “Meet the Press” event held at its head office, where the bank highlighted its consistent growth, financial stability and customer-focused approach.
Speaking at the event, the bank’s Managing Director and Chief Executive Officer, S M Mainul Kabir, said SBAC Bank has maintained a stable growth trajectory across key financial indicators, including deposits, loans and advances, import-export business, remittance inflow, capital base and total assets. He noted that the bank’s profitability remains aligned with the broader national economy.
Officials said the bank continues to demonstrate sound financial health, supported by adequate capital, a satisfactory liquidity position and a tolerable level of non-performing loans. Conservative investment strategies have further strengthened its balance sheet.
Chairman of the Board of Directors, Engr Md Moklesur Rahman, attended the event as chief guest. Additional Managing Director Md Rabiul Islam and Deputy Managing Director Md Altaf Hossain Bhuiyan, along with divisional heads and senior officials, were also present.
Established on 3 April 2013 as South Bangla Agriculture and Commerce Bank Limited, the institution now operates under the name SBAC Bank PLC. Over the years, it has expanded its footprint to 90 branches, 32 sub-branches, agent outlets and 77 ATM booths. The bank also offers Islamic banking services through 10 dedicated branches alongside its conventional operations, and remains active in offshore banking and foreign trade financing.
According to officials, the bank’s total deposits have grown by 15 per cent to approximately Tk 11,000 crore, while loans and advances have risen by 7.5 per cent to around Tk 9,500 crore. Its advance-deposit ratio stands at 82 per cent, well within the Bangladesh Bank ceiling of 87 per cent, reflecting a cautious lending approach.
Total assets have reached Tk 13,360 crore, while paid-up capital stands at Tk 824 crore. The bank’s capital adequacy ratio under Basel III is reported at 14.22 per cent, indicating a strong capital base.
Addressing the gathering, Chairman Rahman said depositors’ funds remain secure and the bank is committed to delivering quality service built on trust, ethical practices and strong governance. He emphasised that the bank’s goal extends beyond institutional success to contributing to national economic development, particularly through investment in agriculture, food production and youth entrepreneurship.
Managing Director Mainul Kabir added that customer needs remain at the centre of all banking operations. He highlighted the bank’s robust liquidity, noting that it has not faced any payment pressures. The bank has also maintained compliance with regulatory requirements, avoiding capital or provisioning shortfalls.
He further said SBAC Bank prioritises lending to agriculture, agro-based industries, and cottage, micro, small and medium enterprises (CMSMEs), which account for 36 per cent of its total investment portfolio. Alongside large-scale and long-term financing, the bank is also expanding its non-funded, commission-based foreign trade services.
With a growing remittance inflow and continued support for key economic sectors, the bank aims to play a meaningful role in strengthening Bangladesh’s economy in the years ahead.
