SBAC Bank PLC. held its 12th Annual General Meeting (AGM) on Tuesday, August 19, 2025, at the RAOWA Convention Center in Dhaka through a hybrid system, with Chairman Engr. Md. Moklesur Rahman presiding.

During the AGM, shareholders approved the audited financial statements for the year ended 2024, the election of directors, and seven other general agenda items.

Independent Director and Chairman of the Audit Committee Professor Md. Maksudur Rahman Sarker FCMA, Director Mushfiqur Rahman, Independent Director Professor Mohammad Moqbul Hossain Bhuiyan, Chairman of the Shariah Supervisory Committee Moulana Md. Abdur Razzaque, and Managing Director & CEO (CC) Md. Rabiul Islam attended the meeting.

Deputy Managing Directors, Md. Altaf Hossain Bhuyan and Md. Nazimuddoula, along with divisional heads and senior executives, was also present. The session was conducted by the Company Secretary & EVP Md. Mokaddess Ali FCS.

The Bank’s 2024 financials reflected consistent growth. Total deposits reached Tk—9,683 crore, marking an increase of nearly 4% from the previous year. Loans and advances stood at Tk. 8,864 crore, up by 2% year-on-year. Total assets grew to Tk. 12,460 crore, while operating profit amounted to Tk. 272 crore.

In 2024, SBAC Bank facilitated export financing of nearly Tk. 3,000 crore, import trade of Tk. 4,000 crore, and remittance collection worth Tk. 1,145 crore, underscoring its contribution to trade and remittance inflows in the national economy.