SBAC Bank PLC has announced that its total deposits have surpassed BDT 110 billion (BDT 11,000 crore), reflecting a reported year-on-year increase of 15 per cent. The information was disclosed through a press release issued by the bank.
To mark the occasion, SBAC Bank organised a brief ceremony at its head office. According to the press release, Engr. Md. Moklesur Rahman, Chairman of SBAC Bank, formally acknowledged the milestone by cutting a cake, symbolising the institution’s achievement.
Senior officials of the bank were present at the event, including Mr. S. M. Mainul Kabir, Managing Director and Chief Executive Officer; Mr. Md. Rabiul Islam, Additional Managing Director; and Mr. Md. Altaf Hossain Bhuyan, Deputy Managing Director. Divisional Heads and other senior executives also attended the programme.
The bank’s statement highlighted the deposit milestone as a significant development in its overall business position. In the banking sector, deposits represent a key indicator of financial mobilisation, as they form the primary source of funds used for lending activities, investment operations, and liquidity management. A rise in deposits is generally associated with increased customer participation and expansion of banking outreach, although the press release did not provide additional segmentation or details regarding the composition of deposits.
No further financial indicators, such as advances, profitability, non-performing loan ratios, or sector-wise performance breakdowns, were included in the announcement. The focus of the communication remained on the achievement of crossing the BDT 110 billion threshold and acknowledging the internal staff and leadership involved in the bank’s operations.
SBAC Bank PLC operates as a commercial bank in Bangladesh, offering a range of financial services across retail, corporate, and SME banking segments. Deposit mobilisation remains a core component of its operational structure, as is standard across the banking industry, supporting both lending capacity and overall balance sheet stability.
The ceremony at the head office was conducted in a formal setting, in line with typical corporate practices observed within financial institutions when recognising operational milestones. Such events often serve to formally acknowledge performance indicators and bring together senior management and departmental leadership.
Officials Present at the Ceremony
| Name | Designation |
|---|---|
| Engr. Md. Moklesur Rahman | Chairman |
| Mr. S. M. Mainul Kabir | Managing Director & Chief Executive Officer |
| Mr. Md. Rabiul Islam | Additional Managing Director |
| Mr. Md. Altaf Hossain Bhuyan | Deputy Managing Director |
| Divisional Heads | Senior Executives |
The announcement did not provide a comparative breakdown against previous fiscal periods beyond the stated 15 per cent annual growth figure. It also did not include forward-looking projections or strategic targets linked to the deposit milestone.
Overall, the press release emphasised the achievement of exceeding BDT 110 billion in deposits as a key benchmark in the bank’s recent financial trajectory.