South Bangla Agriculture and Commerce Bank
| File:SBAC Bank-Logo.png | |
| Company type | Public Limited Company |
|---|---|
| Industry | Banking |
| Founded | 2013 |
| Headquarters | Dhaka, Bangladesh |
Area served | 74 branches in Bangladesh(2019) |
Key people |
|
| Services | Banking, 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 & regulated under 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 S. M. Amzad Hossain[5][6]as chairman. Talukder Abdul Khaleque[7] acts as vice-chairman of the board of directors. Md. Golam Faruque has been working as managing director and CEO of the banks since 2017.[8]
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
- ^ a b "SBAC Bank – Knowing SBAC Bank". sbacbank.com. Retrieved 2019-04-07.
- ^ "South Bangla Agriculture and Commerce Bank Limited | Bangladesh Institute of Bank Management". bibm.org.bd. Retrieved 2019-04-07.
- ^ "72nd branch of SBAC Bank opened in Cumilla". Daily Sun. Retrieved 2019-04-07.
- ^ "5 new banks licensed". bdnews24.com. Retrieved 2019-04-07.
- ^ "Chairman of the board of directors of SBAC Bank SM Amzad Hossain". today.thefinancialexpress.com.bd. Retrieved 2019-04-07.
- ^ "SBAC Bank reelects chairman". The Daily Star. 2019-02-11. Retrieved 2019-04-08.
- ^ "SBAC Bank – Board of Directors". sbacbank.com. Retrieved 2019-04-07.
- ^ "Golam Faruque new MD of SBAC Bank". Daily Sun. Retrieved 2019-04-07.
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