SBAC bank celebrates 14 years with strong financial performance and strategic growth
South Bangla Agriculture & Commerce Bank (SBACB) celebrated its 14th anniversary today (1 April), with Chairman Mokhlesur Rahman emphasising that the bank's management exercises full independence in loan distribution, without interference from the board.
Speaking at a press conference attended by Managing Director Moinul Kabir, Additional Managing Director Robiul Islam, and Deputy Managing Director Altaf Hossain, Rahman highlighted the bank's robust financial indicators.
"Deposits have reached Tk11,000 crore, and assets now exceed Tk13,000 crore. Our deposit growth stands at 15%, loan disbursement growth at 7.5%, and the advance-deposit ratio at 82%. All operations comply fully with Bangladesh Bank regulations," he said.
Keep updated, follow The Business Standard's Google news channel
Rahman stressed that trust is the bank's core business. "We do not follow aggressive lending practices. Our goal extends beyond profit to national development, focusing on agriculture, food production, and empowering youth as entrepreneurs," he added.
MD Moinul Kabir noted the bank's resilience in the capital market despite challenges from the COVID-19 pandemic and the Russia-Ukraine conflict. "Policy support from Bangladesh Bank is helping reopen factories, generate employment, and boost production. Facilities are provided to those unintentionally affected, while deliberate defaulters face strict legal action and intensified recovery efforts," he said.
