South Bangla Agriculture and Commerce Bank Limited

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South Bangla Agriculture and Commerce Bank Limited
TypePublic limited company
IndustryBanking
Founded2013 (2013)
HeadquartersDhaka, Bangladesh
Area served
100 branches and sub branches in Bangladesh(2021)
Key people
  • (chairman)
  • Mosleh Uddin Ahmed (managing director )
ServicesBanking, financial services

South Bangla Agriculture and Commerce Bank Limited (SBAC) is a private commercial bank headquartered in Dhaka, Bangladesh.[1] It incorporated in 2013 as a banking company under Companies Act, 1994 and is regulated under the Banking Companies Act, 1991.[2] The bank has network of 82 branches and 6 sub-branches around the country.[3]

History[]

South Bangla Agriculture and Commerce Bank Limited started its operation since April 28, 2013 obtaining license from Bangladesh Bank.[4]

Management[]

SBAC has a board of 18 members headed by Abdul Kadir Molla[5][6]as chairman. Al-Haj Mizanur Rahman[7] acts as vice-chairman of the board of directors. Mosleh Uddin Ahmed has been working as managing director and CEO of the banks since 2021.[8]

Abdul Kadir Molla also managing director of THERMAX Spinning Ltd, THERMAX Textile Mills Ltd, THERMAX Melange Spinning Mills Ltd, THERMAX Knit Yarn Ltd, THERMAX Yarn Dyeing Ltrd, THERMAX Yarn Dyed Fabrics Ltd, THERMAX Swing Thread Ltd, THERMAX Blended Yarn Ltd, THERMAX Woven Dyeing Ltd, ADURY Knit Composit Ltd, ADURY Apparels Ltd, ADURY Washing & Printing Ltd.

Corporate information[]

The bank has authorized capital of BDT 1000 crore, while its paid-up capital is BDT 498 crore up to June 2018.[1]

References[]

  1. ^ a b "SBAC Bank – Knowing SBAC Bank". sbacbank.com. Retrieved 2019-04-07.
  2. ^ "South Bangla Agriculture and Commerce Bank Limited | Bangladesh Institute of Bank Management". bibm.org.bd. Retrieved 2019-04-07.
  3. ^ "72nd branch of SBAC Bank opened in Cumilla". Daily Sun. Retrieved 2019-04-07.
  4. ^ "5 new banks licensed". bdnews24.com. Retrieved 2019-04-07.
  5. ^ "Chairman of the board of directors of SBAC Bank SM Amzad Hossain". The Financial Express. Dhaka. Retrieved 2019-04-07.
  6. ^ "SBAC Bank reelects chairman". The Daily Star. 2019-02-11. Retrieved 2019-04-08.
  7. ^ "SBAC Bank – Board of Directors". sbacbank.com. Retrieved 2019-04-07.
  8. ^ "Golam Faruque new MD of SBAC Bank". Daily Sun. Retrieved 2019-04-07.
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