Southeast Bank holds 767th board meeting
Southeast Bank PLC held its 767th Board Meeting on 29 May 2025, marking a significant moment in the bank's journey towards financial resilience and institutional transformation.
During the session, the Board reviewed and approved the audited financial statements for the year ending 2024, as well as the unaudited financial results for the first quarter of 2025.
In a strategic decision underscoring its commitment to transparency and regulatory discipline, the Board resolved not to declare any dividend for the 2024 financial year. Instead, the bank will allocate its entire operating profit towards provisions for non-performing loans (NPLs), signalling a long-term focus on balance sheet integrity and sustainable value creation.
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Acknowledging that the recovery process requires time, the Board reiterated its pledge to a disciplined and transparent roadmap. With strong leadership cohesion and a clear vision, Southeast Bank is aiming to emerge as one of the most resilient and trusted financial institutions in the country.
The meeting was presided over by M. A. Kashem, Chairman of Southeast Bank PLC. Also present were Vice-Chairperson Rehana Rahman; Directors Azim Uddin Ahmed, Jusna Ara Kashem, Duluma Ahmed, Alamgir Kabir, FCA, Nasir Uddin Ahmed, Engr. Khandker Badrul Hassan, Md. Rafiqul Islam (Nominee of Asia Insurance Limited), and Md. Nurul Islam (Nominee of Single Click IT Solution (Pvt.) Ltd.); Independent Directors Barrister M. Moyeen Alam Firozee and Dr. Md. Mozibur Rahman (PhD); Abidur Rahman Chowdhury, Managing Director (Current Charge); and Mamunur Rashid, FCS, Company Secretary.
