SBAC Bank PLC

The bank is facing significant governance and financial challenges, including a Z category stock exchange downgrade and a qualified audit opinion.

Name change confirmed: South Bangla Agriculture and Commerce Bank Limited became SBAC Bank PLC effective January 31, 2024. Establishment and license both March-April 2013 per official website. Branch count 90, sub-branches 32, ATM 76, agent banking outlets 30 per official About Us page (data as of May 2026; no December 2024 snapshot available separately). Employee count 1,196 per Wikipedia (2024 data); cross-check with ZoomInfo suggests similar magnitude but exact figure unconfirmed by primary source. Paid-up capital BDT 8,242 million from StockAnalysis.com balance sheet (FY2024 'Common Stock'), consistent with 824 crore figure from news sources; authorized capital BDT 10,000 million (Tk 10 billion) per Wikipedia and search sources. Total assets BDT 124,600 million (Tk 12,460 crore), deposits BDT 96,830 million (Tk 9,683 crore) from official AGM announcement on bank website (August 2025, FY2024 figures). Total loans BDT 93,720 million (gross) from StockAnalysis balance sheet; AGM stated 'Loans and Advances Tk 8,864 crore' which is BDT 88,640 million (net); gross figure used in the record to match schema's 'total_loans_bdt' (gross loans and advances). Net profit BDT 109.4 million (Tk 10.94 crore) from TBS News report on 2024 provision shortfall article, confirmed by StockAnalysis net income figure of 109.46 million. NPL ratio 5.18% from The Daily Star comparison article on new banks; this was stated as SBAC's NPL rate. CAR 13.75% is the upper end of the reported range of 12.82%-13.75% for 2024 (consolidated, from Basel III disclosure document URL retrieved); used 13.75% as the December 31, 2024 end-of-year figure per disclosed range but note the exact December figure was not separately published. ROA and ROE not retrieved from primary sources; not set. Chairman Moklesur Rahman elected in the 186th Board meeting on September 30, 2024, succeeding Abu Zafar Mohammad Shofiuddin. MD Mainul Kabir joined December 17, 2025, succeeding Habibur Rahman (who had held the role since December 2022). CRISL long-term A, ST-2 rating per Bangladesh Bank's ECAI ratings list for 2025-26 (valid June 24, 2026). Z-category downgrade by DSE confirmed April 30, 2026. Provision shortfall figures from auditor's report (TBS News, April 2025): required BDT 11,430 million, maintained BDT 4,872 million, shortfall BDT 8,107.5 million. verification_status=partial because: (1) CAR end-of-period figure not independently confirmed from audited financials, (2) employee count not from primary source, (3) NPL ratio source is a comparative article not the bank's own disclosure, (4) ROA/ROE not retrieved.