Southeast Bank Limited

Southeast Bank Limited

Type	Private Bank
Industry	Banking, Financial services
Founded	1995 (1995) (Dhaka)
Headquarters	Dhaka, Bangladesh
Key people	Alamgir Kabir, FCA (Chairman) Mr. Shahid Hossain (Managing Director)
Services	Consumer Banking Corporate Banking Investment Banking Islamic Banking Mortgage Loans Private Banking Credit Cards
Net income	5.43 billion Tk
Website	www.southeastbank.com.bd

Southeast Bank Limited^[1]^[2] is a private commercial bank in Bangladesh.^[3]^[4]^[5]^[6]

History

The Bank’s journey began when it was incorporated as a Public Limited Company on March 12, 1995.^[7] In the Registrar of Joint Stock Companies and Firms issued the Certificate of Commencement of Business of the Bank on the same date. The Southeast Bank received its Banking License from the Bangladesh Bank on March 23, 1995. e Bank’s First branch was opened by Late M. Saifur Rahman, the then Honourable Finance Minister of the Government of the People’s Republic of Bangladesh as the Chief Guest at the commercial hub of the country at 1, Dilkusha Commercial Area, Dhaka on May 25, 1995.^[8] The incumbent Chairman of the Bank is Mr. Alamgir Kabir, FCA. Mr. M. A. Kashem a member of the Board and Mr. Yussuf Abdullah Harun were past Presidents of the Federation of Bangladesh Chamber of Commerce and Industries (FBCCI).^[9]

At present, 18.14% of SEBL's employees are women that will rise to 45% over the next five years.^[10]

Banking

The Bank maintained a capital adequacy ratio at 11.46 percent as on 31 December 2011 against requirement of 10 percent set by Bangladesh Bank. Credit Rating Information and Services Limited (CRISL) rated the Bank AA- (Double A Minus) for the long term and ST-2 for the short term based on the financial statements of the Bank for the year 2010. Their rating for the long term remained valid up to 1 June 2012. The Credit Rating of the Bank for the year 2011 has been assigned to Credit Rating Information and services Limited (CRISL).^[11]

Southeast Bank Ltd. made operating profits worth Tk 5.50 billion in 2012 against Tk 6.05 billion in 2011.^[12]

Charity

Southeast Bank Foundation initiated a scholarship program for poor and meritorious student in 2009 to pursue one of its key social objectives. The Foundation has, so far, distributed 827 scholarships to the secondary level students, while the number of scholarships to higher secondary level students stood at 1263.^[13] Since 2011, the program has been expanded to include graduation level students. On the occasion, scholarships were, for the first time, distributed to 75 students who are admitted at public universities, medical colleges, engineering universities and agricultural universities.^[13]^[14]^[15]

References

↑ "Southeast Bank holds 21st AGM, approves 15pc cash dividend". The Financial Express Online Version. Retrieved 2016-05-09.
↑ "Southeast Bank under BB scanner". The Daily Star. 2009-12-17. Retrieved 2016-05-09.
↑ "Southeast Bank MD reappointed". The Daily Star. 2007-10-11. Retrieved 2016-05-09.
↑ "Southeast Bank's new MD". The Daily Star. 2013-01-10. Retrieved 2016-05-09.
↑ "New MD for Southeast Bank". The Daily Star. 2009-06-23. Retrieved 2016-05-09.
↑ "Southeast Bank, inaugurates the 81st branch". The Daily Star. 2011-12-25. Retrieved 2016-05-09.
↑ "Southeast Bank Limited - Banglapedia". en.banglapedia.org. Retrieved 2016-05-09.
↑ "annual_report_2011" (PDF).
↑ "Southeast Bank Limited". www.southeastbank.com.bd. Retrieved 2016-05-09.
↑ "Southeast Bank Ltd - BangladeshYellowBook.com". www.bangladeshyellowbook.com. Retrieved 2016-05-09.
↑ "Southeast Bank holds 17th AGM, okays 15 pc cash, 5 pc stock div". print.thefinancialexpress-bd.com. Retrieved 2016-05-09.
↑ "Mixed trend in PCBs 2012 operating profits". Financial Express. Retrieved 2013-01-01.
1 2 "Southeast Bank Foundation distributes scholarships". print.thefinancialexpress-bd.com. Retrieved 2016-05-09.
↑ "Banks asked to spend 30pc of CSR fund for education". The Daily Star. 2016-02-27. Retrieved 2016-05-09.
↑ "SEBL distributes stipends among 1,992 students". Retrieved 2016-05-09.

External links

List of banks in Bangladesh

Central bank	Bangladesh Bank

State-owned commercial banks	Agrani Bank Sonali Bank Rupali Bank Janata Bank

Private commercial banks	AB Bank Bangladesh Commerce Bank Limited Bank Asia Limited BRAC Bank Limited Dhaka Bank Limited Dutch Bangla Bank Limited Eastern Bank Limited Farmers Bank Limited IFIC Bank Limited Jamuna Bank Limited Meghna Bank Limited Mercantile Bank Limited Midland Bank Limited Modhumoti Bank Limited Mutual Trust Bank Limited National Bank Limited NCC Bank Limited NRB Bank Limited NRB Commercial Bank Limited NRB Global Bank Ltd One Bank Limited Prime Bank Limited Pubali Bank Limited South Bangla Agriculture and Commerce Bank Ltd Southeast Bank Limited Standard Bank Limited The City Bank Premier Bank Limited Trust Bank Limited United Commercial Bank Ltd Uttara Bank Limited

Islamic Commercial Banks	Al-Arafah Islami Bank Limited Export Import Bank of Bangladesh Limited First Security Islami Bank Limited ICB Islamic Bank Islami Bank Bangladesh Ltd Shahjalal Islami Bank Limited Social Islami Bank Limited Union Bank Limited

Foreign commercial banks	Bank Alfalah Citibank NA Commercial Bank of Ceylon Habib Bank Limited HSBC National Bank of Pakistan Standard Chartered Bank State Bank of India Woori Bank

Specialized banks	Grameen Bank Bangladesh Krishi Bank Rajshahi Krishi Unnayan Bank Bangladesh Development Bank Ltd BASIC Bank Limited Probashi Kallyan Bank Karmasangsthan Bank Ansar-VDP Unnayan Bank Shimanto Bank

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