What is 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 and is regulated under the Banking Companies Act, 1991.² The bank has network of 85 branches and 24 sub-branches around the country.³

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 Abdul Kadir Molla⁵⁶ as chairman. Al-Haj Mizanur Rahman⁷ acts as vice-chairman of the board of directors. Mr. Habibur Rahaman has been working as Managing Director and CEO (Acting) of the banks.⁸

Abdul Kadir Molla also managing director of THERMAX Spinning Ltd, THERMAX Textile Mills Ltd, THERMAX Melange Spinning Mills Ltd, THERMAX Knit Yarn Ltd, THERMAX Yarn Dyeing Ltrd, THERMAX Yarn Dyed Fabrics Ltd, THERMAX Swing Thread Ltd, THERMAX Blended Yarn Ltd, THERMAX Woven Dyeing Ltd, ADURY Knit Composit Ltd, ADURY Apparels Ltd, ADURY Washing & Printing Ltd.

Corporate information

The bank has authorized capital of BDT 1000 crore, while its paid-up capital is BDT 816.03 crore up to June 2022.⁹

References

Original source: south bangla agriculture and commerce bank limited. Shared with Creative Commons Attribution-ShareAlike 3.0 License

Footnotes

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2. Bangladesh Institute of Bank Management|website=bibm.org.bd|access-date=2019-04-07}} ↩

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