South Bangla Agriculture and Commerce Bank Limited

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]

South Bangla Agriculture and Commerce Bank Limited
TypePublic Limited Company
IndustryBanking
Founded2013 (2013)
HeadquartersDhaka, Bangladesh
Area served
74 branches in Bangladesh(2019)
Key people
  • S. M. Amzad Hossain (chairman)
  • Md. Golam Faruque (managing director )
ServicesBanking, financial services

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
  1. "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". today.thefinancialexpress.com.bd. 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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