Sbac Bank Plc (Bangladesh)

The Bank is incorporated in Bangladesh as a banking company on 20 February 2013 under Companies Act.1994. Bangladesh Bank, the central bank of Bangladesh, issued banking license under Banking Companies Act.1991. The Bank mission to provide a customer friendly environment by service excellence for all of corporate, agro based SME and retail segments by twisting agriculture, industrialization, trade commerce and mobilization of foreign investment together as to foster emerging economy of green Bangladesh with the help of advanced Information Technology through different compatible delivery channels.
Vision of Tge Bank to realize the cherished dream of our honorable Prime Minister s vision mission to foster a Digital Bangladesh by achieving Millennium Development Goals (MDGs) within 2015 as her Excellency laudably voiced in the 66th General Assembly of the United Nations (UNGA) last year, while the model has been accepted and adopted by G-77. The Bank currently use Bangladesh Taka as their currency
The bank has oepened so far 64 branches maintaining rural-urban ratio 1: 1. The bank has made drawing Arrangements with wall street Finance LLC, USA and Aman Exchange Company WLL, Kuwait. Remittance through Instant Cash and Account Credit has also been started with Transfast Remittance LLC, Placid NK corporation , Xpress Money serivces Ltd, western union Network, Ria Financial services and Turbo Cash under arrengement of Sub-agency/associate member.
Subsidiary company start as on on 31 December 2021 which is SBAC Bank Investment Limited (SBACBIL).
SBAC Bank Investment Limited is a Subsidiary Company of SBAC Bank Limited incorporated as a Private Limited Company with the Registrar of Joint Stock Companies and Firms vide certificate of incorporation no.C-169950/2021, dated 21 March 2021 under the Companies Act-1994. The Main objective of the company is to act as a full-fledged Stock Broker Stock Dealer to execute buy and sell orders and to maintain its own portfolio as well as customers' portfolios under the discretion of customers.
The name change from South Bangla Agriculture and Commerce Bank Ltd to SBAC Bank PLC on 2024-31-01