Southeast Bank organised Business Review meeting

Southeast Bank PLC. recently held its Monthly "Business Review Meeting," which was presided over by the Bank's Managing Director, Nuruddin Md. Sadeque Hossain, based on September's performance.

The meeting brought together Senior Executives from the head office, branch Heads, branch Manager Operations, and In-Charges of Uposhakhas and Offshore banking units, who participated virtually.

Southeast Bank excels in corporate governance, profitability and systematic risk management and is a stable bank with no provision deficit and adequate capital reserves. Southeast Bank's deposits and foreign trade volume continue to increase steadily due to its customers' deep trust and confidence. This marks a milestone in the success of Southeast Bank. Moreover, in terms of deposit collection, non-interest and commission income, and export trade, Southeast Bank is one of the leading banks in the country. The Bank's continued growth in deposits and foreign trade reflects the strong confidence customers have in Southeast Bank, a trend that is expected to persist in the future. The meeting affirmed that Southeast Bank is the safest place for customers to keep their hard-earned money, offering 100 percent security, thereby reassuring our customers and stakeholders.

As a symbol of customer confidence, Southeast Bank has upheld its reputation as a leading local bank for 29 years, consistently maintaining top liquidity indices in both local and foreign currencies. The Bank has never faced delays or failures in settling liabilities in local (taka) or foreign currencies. Also, this bank's capital adequacy ratio is always higher than the minimum required ratio. In line with this, Southeast Bank maintains strong correspondent relationships with the largest international banks.

The meeting focused on reviewing the bank's recent business performance, emphasising leveraging the latest technology to deliver innovative financial services and enhance customer satisfaction. The discussion highlighted several key areas, including extending banking services to underprivileged communities at the grassroots level, providing SME loans on favourable terms to promising entrepreneurs, and delivering modern banking solutions to retail customers while ensuring full compliance with regulatory requirements.

Additionally, the bank reaffirmed its commitment to contributing to the country's economic growth by supporting the establishment of new industrial enterprises in the corporate sector. This commitment is a testament to our optimism and hope for the future. Particular emphasis is placed on reducing sector-wise credit concentration by increasing loan support in emerging sectors such as pharmaceuticals, IT, power and energy, healthcare, and ceramics. A key focus of the meeting was to intensify the bank's efforts in recovering classified and written-off loans. Southeast Bank PLC. is always committed to ensuring a fair, secure, and reliable financial banking system.