South Bangla Agriculture and Commerce Bank Limited
[Ordinary Members [Bank Only]
With the slogan “A Local Bank with Global Vision” SBAC Bank Limited started its operation since April 28, 2013 obtaining license from Bangladesh Bank with the firm commitment of excellent customer service with a difference. Mr. S.M. Amzad Hossain, an eminent business personage of the country, has been elected Chairman of the first Board of Directors of South Bangla Agriculture and Commerce Bank Limited on February 20, 2013 & Mr. Md. Rafiqul Islam joined South Bangla Agriculture & Commerce Bank Ltd. as Managing Director on April 1, 2013. The bank has already opened 12 branches in different locations in Bangladesh and opening of another 10 new branches is under process. The vision of the bank is to build poverty free, pollution free, healthy Green Bangladesh through sustainable development by application of latest information technology. It wants to be the leading Private commercial Bank in terms of efficiency, capital adequacy, asset quality, sound management and profitability with strong liquidity. The cherished dream of the Bank is to establish them firmly at home and abroad as a front ranking Bank of the country. The Bank is firmly committed to develop Agriculture, SME, Women Entrepreneurship, Export and all other productive Initiatives. SBAC Bank is working with a vision of transforming human resources into human capital through appropriate knowledge, skills, abilities and personal attribution. From inception, the bank is successfully developing in bringing diversity in workforce in context of age, gender, ethnicity and locality. The total regular employees of the Bank stood at 187 up to December 31, 2013. The Bank has already established Training Institute which is the 1st one among the fourth generation banks. The Training Institute has already successfully completed the Foundation Training of the 1st Batch Trainee Officers. In its eight months of operation in 2013, SBAC Bank Limited has made expected progress in all areas. The operating profit stands Tk.139.15 million having no classified loans, even a single account in the SMA (Special Mention Account). Being a socially responsible Bank, SBAC Bank has started CSR activities at the beginning year of its operation by extending our helping hand to victims of Rana Plaza disaster through giving BDT 10.00 lac to Prime Minister’s Relief & Welfare Fund & by distributing 3,000 (three thousand) blankets worth of BDT 6.96 lac to the people who are poor and suffering from cold weather of our country, especially north Bengal districts and char areas. SBAC Bank Limited has already formulated an Internal Control and Compliance (ICC) Guidelines. The ICC Guidelines are being used to an effective internal control mechanism to safeguard shareholders’ investments, the depositors’ assets and other stakeholders’ interest as well.