Southeast Bank Limited


Southeast Bank Limited is a private commercial bank in Bangladesh.

History

Southeast Bank Limited was established as a Public Limited Company on March 12, 1995. 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. The Bank's first branch was opened by M. Saifur Rahman, the then Finance Minister of Bangladesh as the Chief Guest at 1, Dilkusha Commercial Area, Dhaka on May 25, 1995. The incumbent Chairman of the Bank is Alamgir Kabir, FCA. M. A. Kashem a member of the Board and Yussuf Abdullah Harun were past Presidents of the Federation of Bangladesh Chamber of Commerce and Industries.
At present, 18.14% of SEBL's employees are women that will rise to 45% over the next five years.

Banking

The Bank maintained a capital adequacy ratio at 11.46 percent as on December 31, 2011 against requirement of 10 percent set by Bangladesh Bank. Credit Rating Information and Services Limited rated the Bank AA- 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 June 1, 2012. The Credit Rating of the Bank for the year 2011 has been assigned to Credit Rating Information and services Limited.
Southeast Bank Ltd. made operating profits worth Tk 5.50 billion in 2012 against Tk 6.05 billion in 2011.

Charity

Southeast Bank Foundation initiated a scholarship program for poor and meritorious student in 2009. 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. 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.