SBAC Bank PLC has reported that its total deposits have exceeded BDT 110 billion (BDT 11,000 crore), marking a year-on-year growth of 15 per cent. The announcement was made in a press release issued by the bank.
To mark the achievement, a small celebratory event was held recently at the bank’s head office. According to the press release, Engr. Md. Moklesur Rahman, Chairman of SBAC Bank, inaugurated the celebration by cutting a cake.
Senior members of the bank’s executive management and officials were present at the event. Among them were 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 officials of the bank also attended the ceremony.
The milestone reflects the bank’s reported expansion in its deposit base over the past year. In the banking sector, deposit growth is commonly used as one of the indicators of overall business scale and customer confidence, as deposits form a primary source of funds for lending and investment operations. However, the bank’s statement did not provide additional breakdowns of deposit composition or segment-wise contributions.
The event at the head office was held in a formal setting, in line with internal corporate observance practices typically followed by financial institutions when marking operational milestones. The press release confirmed the attendance of senior executives and divisional representatives, highlighting institutional participation in the occasion.
Key Officials Present
| Name | Designation |
|---|---|
| Engr. Md. Moklesur Rahman | Chairman |
| Mr. S. M. Mainul Kabir | Managing Director & CEO |
| Mr. Md. Rabiul Islam | Additional Managing Director |
| Mr. Md. Altaf Hossain Bhuyan | Deputy Managing Director |
| Divisional Heads | Senior Officials |
SBAC Bank PLC’s announcement focused on the deposit milestone and the internal celebration held to acknowledge the achievement. No additional operational figures, such as profit, advances, or sector-wise performance, were included in the press release referenced in the report.
The deposit figure, exceeding BDT 110 billion, places the bank at a higher scale of deposit mobilisation compared to its earlier reported position, although no comparative multi-year breakdown was provided in the available statement.
The bank continues to operate across multiple banking segments, with deposit mobilisation remaining a core component of its financial structure, as is standard across commercial banking institutions.