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CSE news on SBACBANK
2024-10-23: Cont-Un-audited Financial Statements
SBACBANK: (Quarter 3) (cont) Reasons for significant deviations: The EPS increased compared to the same period of the previous year, driven by higher investment income, lower administrative expenses, and reduced tax provisions, despite a rise in net interest income. The NAV also increased as a result of the improved EPS. However, the NOCFPS declined compared to the same period last year, primarily due to an increase in loans along with trading securities.(end)
2024-10-23: Un-audited Financial Statements
SBACBANK: (Quarter 3) As per un-audited financial statements of the Company, Consolidated EPS was Tk. 0.49 for July-September 2024 as against Tk. 0.19 for July-September 2023; Consolidated EPS was Tk. 0.95 for January-September 2024 as against Tk. 0.60 for January-September 2023. Consolidated NOCFPS was Tk. 1.38 for January-September 2024 as against Tk. 2.63 for January-September 2023. Consolidated NAV per share was Tk. 14.26 as on September 30, 2024 and Tk. 13.50 as on December 31, 2023. (cont)
2024-10-20: Board Meeting
SBACBANK: The Company has informed that the Board Meeting will be held on October 22, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
2024-10-02: Election of Chairman
SBACBANK: The company has informed that the Board of Directors has elected Engr. Md. Moklesur Rahman as the Chairman of the Board of Directors of the company.
2024-09-26: Buy Intimation
SBACBANK: Prime Bank Securities Ltd. has informed that M/S Vicar International (where Mr. Mohammad Nazmul Haq is the Managing Partner of M/S Vicar International and also a nominated Director of SBAC Bank PLC.) has expressed its intention to buy 9,821,563 shares of SBAC Bank PLC. at prevailing market price (in the Block Market).
2024-09-11: Buy Intimation
SBACBANK: Prime Bank Securities Ltd. has informed that M/S Vicar International (where Mr. Mohammad Nazmul Haq is the Managing Partner of M/S Vicar International and also a nominated Director of SBAC Bank PLC.) has expressed its intention to buy 25,000,000 shares of SBAC Bank PLC. at prevailing market price (in the Block Market).
2024-08-29: Transmission of deceased sponsor's shares to nominee
SBACBANK: The Company has informed that Mohammad Abdul Hye, one of the Sponsors of the company, passed away on 18.01.2022. A total of 17,41,077 shares out of his total holding of 17,58,487 shares of the company will be transmitted to the account of his nominee Mr. Abdullah Al-Mamun (Son of Late Mohammad Abdul Hye) by way of nomination.
2024-08-21: Declaration of share transfer by a placement holder (ex-director)
SBACBANK: Mr. Mohammad Nawaz, one of the placement holders and ex-directors of SBAC Bank PLC., has expressed his intention to transfer 7,065,000 shares of the company to his wife Mrs. Sufia Begum, by way of gift outside the trading system of the Exchange within next 30 working days.
2024-08-21: Sale declaration of a placement holder (ex-director)
SBACBANK: Thermax Textile Mills Ltd., one of the placement holders and ex-directors of SBAC Bank PLC., has expressed its intention to sell 34,821,563 shares out of its total holding of 35,169,778 shares of the Company at prevailing market price (In the Block Market) through Dhaka Stock Exchange PLC.
2024-08-01: Un-audited HY A/Cs
SBACBANK: (Quarter 2) As per un-audited half yearly accounts of the Company, Consolidated EPS was Tk. 0.22 for April-June 2024 as against Tk. 0.23 for April-June 2023; Consolidated EPS was Tk. 0.46 for January-June 2024 as against Tk. 0.41 for January-June 2023. Consolidated NOCFPS was Tk. 8.38 for January-June 2024 as against Tk. 3.18 for January-June 2023. Consolidated NAV per share was Tk. 13.80 as on June 30, 2024 and Tk. 13.50 as on December 31, 2023. Reasons for deviation in EPS, NAVPS and NOCFPS: EPS have been increased due to increase in net interest income. NAVPS increased as a result of increasing EPS. NOCFPS have been increased compare to the same period of the previous year due to increase in deposit.
2024-07-31: Cash Dividend Disbursement
SBACBANK: The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2023 to the respective shareholders.
2024-07-28: Board Meeting
SBACBANK: The Company has informed that the Board Meeting will be held on July 31, 2024 at 2:30 PM to consider, among others, un-audited financial statements of the Company for Second Quarter (Q2) period ended June 30, 2024.
2024-06-26: Credit Rating
SBACBANK: Credit Rating Information and Services Limited (CRISL) has rated the company as ''A+'' in the long term and ''ST-2'' in the short term along with a Stable outlook based on audited financial statements up to December 31, 2023; also un-audited financials up to March 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2024-06-20: Update of Information
SBACBANK: The company has requested the concerned Depository Participants (DP)/ Merchants Banks to provide with a list of their margin loan holders who holds shares of the Bank as on record date i.e. 29.05.2024 (to receive cash dividend) with the details of Shareholder's name, BO ID, Shareholding Position, cash dividend receivable, tax rate etc. (in MS Excel format) within 24.06.2024 along with the name of the contact person to the Investor Relation Department of the Bank, and also the soft copy of the same to E-mail: cs@sbacbank.com for facilitating payment of cash dividend. The DP/Stock Brokers are requested to provide with their Bank Account name and Number, routing number etc. for receiving the dividends of their margin loan holders.
2024-05-28: Record Date tomorrow (29.05.2024)
SBACBANK: Trading of the shares of the Company will remain suspended on its record date i.e., 29.05.2024. Trading of the shares of the Company will resume on 30.05.2024.
2024-05-26: Spot trade from tomorrow (27.05.2024)
SBACBANK: Trading of the shares of the Company will be allowed only in the Spot Market from 27.05.2024 to 28.05.2024 as the record date of the Company is on 29.05.2024.
2024-05-20: Emphasis of Matter
SBACBANK: The auditor of the company has given the ''Emphasis of Matter'' paragraph in the Auditor's Report of the company for the year ended December 31, 2023. To view the details, please visit: https://www.cse.com.bd/upload_media/SBAC.pdf
2024-05-12: Cont-Un-audited Financial Statements
SBACBANK(cont):Reasons for deviation in EPS and NOCFPS: EPS has been increased compared to same period of previous year due to increase in net interest income, and provision requirement decreased compare to last year quarter. NOCFPS has been decreased compared to same period of previous year cause to increase in outflow of loan and advances & deposits and decrease in net proceeds from trading securities.(end)
2024-05-12: Un-audited Financial Statements
SBACBANK: (Quarter 1) As per un-audited financial statements of the Company, Consolidated EPS was Tk. 0.2425 for January-March 2024 as against Tk. 0.17 for January-March 2023. Consolidated NOCFPS was Tk. (1.72) for January-March 2024 as against Tk. (0.43) for January-March 2023. Consolidated NAV per share was Tk. 13.84 as on March 31, 2024 and Tk. 13.50 as on December 31, 2023.(cont)
2024-05-08: Board Meeting
SBACBANK: The Company has informed that the Board Meeting will be held on May 11, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
2024-05-02: CB Free
SBACBANK: Please note that there will be no price limit today 02.05.2024 on the trading of the shares of the Company following its corporate declaration.
2024-05-02: Recommendation of Dividend
SBACBANK: The Board of Directors has recommended 2% Cash for the year ended December 31, 2023. Date of AGM: 22.06.2024, Time: 11:00 AM, Venue: Meeting through Hybrid System in combination of online and physical presence at Retired Armed Forces Officers' Welfare Association (RAOWA) Club, VIP Road, Mohakhali, Dhaka 1206. Record Date: 29.05.2024. The Company has also reported Consolidated EPS of Tk. 0.66, Consolidated NAV per share of Tk. 13.50 and Consolidated NOCFPS of Tk. 3.51 for the year ended December 31, 2023 as against Tk. 0.72 (restated), Tk. 13.14 (restated) and Tk. 2.99 (restated) respectively for the year ended December 31, 2022.
2024-04-29: Reschedule of Board Meeting
SBACBANK: The Company has further informed that, the Board Meeting will be held on April 30, 2024 at 3:30 PM instead of April 29, 2024 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
2024-04-25: Reschedule of Board Meeting
SBACBANK: The Company has further informed that due to unavoidable circumstances, the Board Meeting will be held on April 29, 2024 instead of April 27, 2024 at 03:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
2024-04-21: Board Meeting
SBACBANK: The Company has informed that the Board Meeting will be held on April 27, 2024 at 03:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
2024-02-13: Name Change of the Company
SBACBANK: Chittagong Stock Exchange PLC (CSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'SBAC Bank PLC.' instead of 'South Bangla Agriculture & Commerce Bank Limited' with effect from February 14, 2024. Other things (except name) will remain unchanged.
2023-10-31: Un-audited Financial Statements
SBACBANK: (Quarter 3) As per un-audited financial statements of the Company, Consolidated EPS was Tk. 0.19 for July-September 2023 as against Tk. 0.40 (restated) for July-September 2022; Consolidated EPS was Tk. 0.60 for January-September 2023 as against Tk. 0.72 (restated) for January-September 2022. Consolidated NOCFPS was Tk. 2.63 for January-September 2023 as against Tk. (2.36) (restated) for January-September 2022. Consolidated NAV per share was Tk. 13.45 as on September 30, 2023 and Tk. 13.28 (restated) as on September 30, 2022. Reasons for significant deviations in EPS, NOCFPS and NAVPS:(cont)
2023-10-31: Cont-Un-audited Financial Statements
SBACBANK(cont):(Quarter 3) EPS have decreased in compare to that of the same period of previous year due to decrease of net profit resulting from increased provision for taxation compare to September 30, 2022. Net cash flow from operating activities has increased significantly in compare to that of the same period of previous year which results in the increase of NOCFPS to the positive state from the negative state. Moreover, the NAVPS has increased also in compare to that of the same period of previous year as a result of increase in paid-up capital through allotment of stock dividend for the year 2021.(end)
2023-10-22: Board Meeting
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that the Board Meeting of the Company will be held on October 30, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
2023-10-04: Cash Dividend Disbursement
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that it has disbursed the Cash Dividend for the year ended December 31, 2022 to the respective shareholders.
2023-08-21: Election of Chairman
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that Mr. Abu Zafar Mohammod Shofiuddin has been elected as the Chairman of the Board of Directors of the Company in place of Mr. Abdul Kadir Molla with effect from August 16, 2023.
2023-07-26: Cont-Un-audited HY A/Cs
SBACBANK(cont): Reasons for deviation: EPS has been increased in compare to that of the same period of previous year due to decrease of provision requirement compared to June 30, 2022. Income from Operating activities has increased in compare to that of the same period of previous year which has resulted in the increase of NOCFPS to the positive state from the negative state.(end)
2023-07-26: Un-audited HY A/Cs
SBACBANK: (Quarter 2) As per un-audited Consolidated half yearly accounts of South Bangla Agriculture & Commerce Bank Limited, Consolidated EPS was Tk. 0.23 for April-June 2023 as against Tk. 0.10 (restated) for April-June 2022; Consolidated EPS was Tk. 0.41 for January-June 2023 as against Tk. 0.31 (restated) for January-June 2022. Consolidated NOCFPS was Tk. 3.18 for January-June 2023 as against Tk. (1.12) (restated) for January-June 2022. Consolidated NAV per share was Tk. 13.25 as on June 30, 2023 and Tk. 12.80 (restated) as on June 30, 2022.(cont)
2023-07-19: Board Meeting
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that the Board Meeting of the Company will be held on July 25, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
2023-06-26: Credit Rating
SBACBANK: Credit Rating Information and Services Ltd. (CRISL) has informed that the Rating Committee of CRISL has assigned the rating to South Bangla Agriculture & Commerce Bank Limited as ''A'' in the long term and ''ST-2'' in the short term along with a Stable outlook in consideration of audited financial statements of the Company up to December 31, 2022, also unaudited financials up to March 31, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2023-06-21: Appointment of Managing Director and CEO
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that Mr. Habibur Rahman was appointed as Managing Director and CEO in the 153rd Board meeting of the Company dated 16th November 2022 and the appointment was approved by Bangladesh Bank on 12th December, 2022.
2023-05-28: Update of Information
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has requested concerned Depository Participants (DP)/Merchant Banks to provide with a list of the holders of margin loan holding shares of the Bank as on record date with details of Shareholders' name, BO ID, shareholding position, cash dividend receivable (if any), tax rate etc. (in MS Excel format), within June 06, 2023, along with the name of the contact person addressing to the Share Department of the Bank and also to email soft copy of the same to cs@sbacbank.com for facilitating payment of Cash Dividend, if any. The company has also requested to provide with their Bank Account Details for receiving the dividends against margin loan holders.
2023-05-21: Dividend Disbursement
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that it has credited the Bonus shares for the year ended December 31, 2021 to the respective shareholders' BO Accounts.
2023-05-18: Record Date on 21.05.2023
SBACBANK: Trading of the shares of South Bangla Agriculture & Commerce Bank Limited will remain suspended on its record date i.e., 21.05.2023 for EGM and AGM. Trading of the shares of the Company will resume on 22.05.2023.
2023-05-17: Cont-Emphasis of Matter
SBACBANK(cont):As of the balance sheet date, the bank had a provision shortfall which has been deferred until the financial statement for the year 2023 are finalized with permission from Bangladesh Bank (through letter no: DOS(CAMS)1157/41(dividend)/2023-2113 dated 25 April 2023). Our opinion is not modified in respect of this matter."(end)
2023-05-17: Emphasis of Matter
SBACBANK: The auditor of South Bangla Agriculture & Commerce Bank Limited has given the "Emphasis of Matter" paragraph in the Auditor's Report for the year ended on 31 December 2022. "Emphasis of Matter: We draw your attention to Note # 8.10 to the financial statements, which explained the basis for measurement and recognition of provision required, maintained and the provision shortfall against loans, advances, and leases/investments.(cont)
2023-05-16: Spot trade from tomorrow (17.05.2023)
SBACBANK: Trading of the shares of South Bangla Agriculture & Commerce Bank Limited will be allowed only in the Spot Market from 17.05.2023 to 18.05.2023 as the record date of the Company is on 21.05.2023 for EGM and AGM.
2023-05-15: Un-audited Financial Statement
SBACBANK: (Quarter 1) As per un-audited financial statements of South Bangla Agriculture & Commerce Bank Limited, Consolidated EPS was Tk. 0.17 for January-March 2023 as against Tk. 0.22 for January-March 2022. Consolidated NOCFPS was Tk. (0.43) for January-March 2023 as against Tk. (9.04) for January-March 2022. Consolidated NAV per share was Tk. 13.53 as on March 31, 2023 and Tk. 13.37 as on March 31, 2022. Reasons for deviation in EPS and NOCFPS: EPS has been decreased due to decrease in net interest income, increase in salary and provision for taxation despite increase in income from investments. NOCFPS has been increased due to increase in net of loan, deposits and net proceeds from trading securities.
2023-05-09: Board Meeting
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that the Board Meeting of the Company will be held on May 14, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
2023-05-07: Cont-Emphasis of Matter
SBACBANK(cont):As of the balance sheet date, the bank had a provision shortfall which has been deferred until the financial statement for the year 2023 are finalized with permission from Bangladesh Bank (through letter no: DOS (CAMS) 1157/41 (dividend)/2023-2113 dated 25 April 2023). Our opinion is not modified in respect of the matters."(end)
2023-05-07: Emphasis of Matter
SBACBANK: The auditor of South Bangla Agriculture & Commerce Bank Limited has given the "Emphasis of Matter" paragraphs in the auditor's report for the year ended December 31, 2022. "Emphasis of Matter: We draw attention to note Note # 8.10 to the financial statements, which explained the basis for management and recognition of provision required, maintained and the provision shortfall against loans, advances and lease/investments.(cont)
2023-04-27: CB Free
SBACBANK: Please note that there will be no price limit today 27.04.2023 on the trading of the shares of the Company following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
2023-04-27: Cont2-Recommendation of Dividend and holding of EGM
SBACBANK(cont2): Date of EGM and AGM: 18.06.2023, Time of EGM and AGM: 11:00 AM and 11:30 AM respectively. Venue of the EGM and AGM: Digital Platform through https://sbacbank-egm.bdvirtual.com for EGM and https://sbacbank.bdvirtualagm.com for AGM. Record Date for EGM and AGM: 21.05.2023. The Company has reported Consolidated EPS of Tk. 0.72, Consolidated NAV per share of Tk. 13.27 and Consolidated NOCFPS of Tk. 3.02 for the year ended December 31, 2022 as against Tk. 0.66 (restated), Tk. 13.02 (restated) and Tk. (4.38) (restated) respectively for the year ended December 31, 2021.(end)
2023-04-27: Cont1-Recommendation of Dividend and holding of EGM
SBACBANK(cont1): (ii) Increasing the Authorized Capital of the Company from Tk. 1,000,00,00,000.00 (Taka one Thousand crore) to Tk. 2,000,00,00,000.00 (Taka Two Thousand Crore) in order to enhance the Capital Base of the Company; (iii) Incorporating the recent amendment in the Companies Act 1994 with respect to Notice Period of 21 days for General Meetings; (iv) Deleting existing provisions that are inconsistent upon abolishing the provisions for Shareholders of Different Classes and (v) Adoption of an Amended Version of the Memorandum and Articles of Association of the Company.(cont2)
2023-04-27: Recommendation of Dividend and holding of EGM
SBACBANK: The Board of Directors has recommended 3.50% Cash Dividend for the year ended on December 31, 2022. The Board of Directors has also decided to hold an EGM to pass Special Resolutions with respect to making amendment in the Memorandum and Articles of Association of the Company for - (i) Changing the Name of the Company from "South Bangla Agriculture and Commerce Bank Limited" to "SBAC Bank PLC";(cont1)
2023-04-24: Board Meeting
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that the Board Meeting of the Company will be held on April 26, 2023 at 8:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
2023-04-10: Record Date tomorrow (11.04.2023)
SBACBANK: Trading of the shares of South Bangla Agriculture & Commerce Bank Limited will remain suspended on its record date i.e., 11.04.2023 for entitlement of 1% Stock Dividend. Trading of the shares of the Company will resume on 12.04.2023.
2023-04-06: Record Date on 09.04.2023
SKICL: Trading of the shares of Sena Kalyan Insurance Company Ltd. will remain suspended on its record date i.e., 09.04.2023. Trading of the shares of the Company will resume on 10.04.2023.
2023-04-06: Spot trade from 09.04.2023
SBACBANK: Trading of the shares of South Bangla Agriculture & Commerce Bank Limited will be allowed only in the Spot Market from 09.04.2023 to 10.04.2023 as the record date of the Company is on 11.04.2023 for entitlement of 1% Stock Dividend.
2023-04-06: Record date for entitlement of 1% Stock Dividend
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has further informed that BSEC has accorded consent for issuance of 1% Stock Dividend for the year ended December 31, 2021. The Company has also informed that the Board of Directors has fixed the Record date on 11.04.2023 for entitlement of the aforesaid Bonus Shares.
2023-04-04: BSEC Consent for issuance of 1% Stock Dividend
SBACBANK: Refer to their earlier news disseminated by CSE on 28.04.2022 regarding Recommendation of Dividend, BSEC has accorded its consent for raising of paid-up capital of South Bangla Agriculture & Commerce Bank Limited through issuance of 1% Stock Dividend for the year ended December 31, 2021. Record date for entitlement of aforesaid Bonus Shares will be notified later.
2023-03-01: Cont-Regarding name change and increase of Authorized Capital
SBACBANK: (cont) For this purpose, it is decided to replace the Name Clause of the Bank's Memorandum of Association (MOA). b. Increasing the authorized capital of the bank from 1,000 crores to 2,000 crores. For this purpose, it is decided to replace the Capital Clause of the Bank's Memorandum of Association (MOA) and Articles of Association (AOA). The company has also informed that in this connection, date of General Meeting and Record Date will duly be circulated later on.(end)
2023-03-01: Regarding name change and increase of Authorized Capital
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that the Board of Directors of the company has taken, among others, the following price sensitive decisions subject to approval of the Regulatory Authorities and General Meeting of the Company: a. Shortening the name from 'South Bangla Agriculture and Commerce Bank Limited' to 'SBAC Bank PLC' as a limited liability public limited company. (cont)
2023-02-01: Sale Confirmation
SBACBANK: Mizanur Rahman, one of the Sponsors of the Company, has further informed that he has completed his sale of 35,56,263 shares of the Company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 29.12.2022.
2023-02-01: Sale Confirmation
SBACBANK: Shamsun Nahar Rahman, one of the Sponsors of the Company, has further informed that she has completed her sale of 33,82,156 shares of the Company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 29.12.2022.
2023-01-25: Sale Confirmation
SBACBANK: Ms. Tahmina Afroz, one of the Sponsors of South Bangla Agriculture & Commerce Bank Limited, has further informed that she has completed sale of her entire holding 3,48,21,563 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 20.12.2022.
2023-01-24: Sale Intention
SBACBANK: Referring to the BSEC letter No. BSEC/SRMIC/2021-204/607 dated January 11, 2023, Mizanur Rahman, one of the Sponsors of South Bangla Agriculture & Commerce Bank Limited, has reported his intention to sell 35,56,263 shares out of his holding 36,56,263 shares of the Company at prevailing market price (In the Block Market) through Dhaka Stock Exchange (DSE) within next 30 working days.
2023-01-24: Sale Intention
SBACBANK: Referring to the BSEC letter No. BSEC/SRMIC/2021-204/608 dated January 11, 2023, Shamsun Nahar Rahman, one of the Sponsors of South Bangla Agriculture & Commerce Bank Limited, has reported her intention to sell 33,82,156 shares out of her holding 34,82,156 shares of the Company at prevailing market price (In the Block Market) through Dhaka Stock Exchange (DSE) within next 30 working days.
2022-12-29: Sale Confirmation
SBACBANK: Hazi Shakhawat Anwara Eye Hospital Limited, one of the Sponsor Directors of the Company, has further informed that it has completed sale of its entire holding 3,48,21,563 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 08.12.2022.
2022-12-20: Sale Intention
SBACBANK: Referring to the BSEC letter No. BSEC/SRMIC/2021-204/482 dated November 02, 2022, Ms. Tahmina Afroz, one of the Sponsors of South Bangla Agriculture & Commerce Bank Limited, has reported intention to sell her entire holding 3,48,21,563 shares of the company at prevailing market price (in the Block Market) through Dhaka Stock Exchange within next 30 working days.
2022-12-08: Sale Intention
SBACBANK: Referring to the BSEC letter No. BSEC/SRMIC/2021-204/528 dated November 21, 2022, Hazi Shakhawat Anwara Eye Hospital Limited, one of the Sponsor Directors of South Bangla Agriculture & Commerce Bank Limited has reported its intention to sell entire holding 3,48,21,563 shares of the company at prevailing market price (in the Block Market) through Dhaka Stock Exchange within next 30 working days.
2022-10-30: Cont-Un-audited Financial Statements
SBACBANK(cont):EPS has been decreased due to increase in weighted average number of ordinary shares in the year 2022 as well as increasing the income tax provision and provision against loans and advances. Net interest income for the period of the Bank has been decreased due to increase of cost of deposits and cost of borrowings of the Bank. NOCFPS has been increased due to increase of deposits significantly.(end)
2022-10-30: Un-audited Financial Statements
SBACBANK: (Quarter 3) As per un-audited financial statements of South Bangla Agriculture & Commerce Bank Limited, Consolidated EPS was Tk. 0.40 for July-September 2022 as against Tk. 0.52 for July-September 2021; Consolidated EPS was Tk. 0.72 for January-September 2022 as against Tk. 0.79 for January-September 2021. Consolidated NOCFPS was Tk. (2.39) for January-September 2022 as against Tk. (12.13) for January-September 2021. Consolidated NAV per share was Tk. 13.41 as on September 30, 2022 and Tk. 13.85 as on September 30, 2021. Reasons for significant deviations:(cont)
2022-10-17: Board Meeting
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that the Board Meeting of the Company will be held on October 27, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
2022-09-08: Sale Confirmation
SBACBANK: Mr. Maksudur Rahman, one of the Sponsors of South Bangla Agriculture & Commerce Bank Limited has further reported that he has completed his sale of 2,04,90,584 shares of the Company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 30.08.2022.
2022-08-30: Sale Intention
SBACBANK: Referring to the BSEC letter No. BSEC/SRMIC/2021-204/359 dated August 24, 2022, Maksudur Rahman, one of the Sponsors of South Bangla Agriculture & Commerce Bank Limited has reported his intention to sell 2,04,90,584 shares out of his holding 2,58,77,739 shares of the company at prevailing market price (in the Block Market) through Dhaka Stock Exchange within next 30 working days.
2022-07-31: Cash Dividend Disbursement
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that it has disbursed the cash dividend for the year ended on December 31, 2021 to the respective shareholders.
2022-07-31: Cont-Un-audited HY A/Cs
SBACBANK(cont):The Company also informed that NOCFPS has increased due to increase of deposits significantly from customers as well as increased in interest income & investment income. NAV slightly decreased due to make payment of Cash Dividend and issuance of Stock dividend.(end)
2022-07-31: Un-audited HY A/Cs
SBACBANK: (Quarter 2) As per un-audited Consolidated half yearly accounts of South Bangla Agriculture & Commerce Bank Limited, Consolidated EPS was Tk. 0.10 for April-June 2022 as against Tk. 0.16 for April-June 2021; Consolidated EPS was Tk. 0.32 for January-June 2022 as against Tk. 0.31 for January-June 2021. Consolidated NOCFPS was Tk. (1.13) for January-June 2022 as against Tk. (9.55) for January-June 2021. Consolidated NAV per share was Tk. 12.93 as on June 30, 2022 and Tk. 12.82 as on June 30, 2021.(cont)
2022-07-26: Board Meeting
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that the Board Meeting of the Company will be held on July 30, 2022 at 10:30 AM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
2022-06-27: Credit Rating
SBACBANK: Credit Rating Information and Services Ltd. (CRISL) has informed that the Rating Committee of CRISL has assigned the rating to South Bangla Agriculture & Commerce Bank Limited as ''A'' in the long term and ''ST-2'' in the short term along with a Stable outlook in consideration of audited financial statements of the Company up to December 31, 2021, unaudited financials up to March 31, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2022-05-26: Record Date on 29.05.2022
SBACBANK: Trading of the shares of South Bangla Agriculture & Commerce Bank Limited will remain suspended on its record date i.e., 29.05.2022. Trading of the shares of the Company will resume on 30.05.2022.
2022-05-24: Spot trade from tomorrow (25.05.2022)
SBACBANK: Trading of the shares of South Bangla Agriculture & Commerce Bank Limited will be allowed only in the Spot Market from 25.05.2022 to 26.05.2022 as the record date of the Company is on 29.05.2022.
2022-04-28: Un-audited Financial Statements
SBACBANK: (Quarter 1) As per un-audited financial statements of South Bangla Agriculture & Commerce Bank Limited, Consolidated EPS was Tk. 0.22 for January-March 2022 as against Tk. 0.11 (restated) for January-March 2021. NOCFPS was Tk. (9.04) for January-March 2022 as against Tk. (9.76) (restated) for January-March 2021. NAV per share was Tk. 13.37 as on March 31, 2022 and Tk. 11.72 (restated) as on March 31, 2021.
2022-04-28: CB Free
SBACBANK: Please note that there will be no price limit today 28.04.2022 on the trading of the shares of the Company following its corporate declaration.
2022-04-28: Recommendation of Dividend
SBACBANK: The Board of Directors has recommended 3% cash and 1% stock dividend for the year ended on December 31, 2021. Date of AGM: 23.06.2022, Time: 3:00 PM, Venue: Digital Platform. Record date: 29.05.2022. The record date of entitlement stock dividend will be notified later after approval of shareholders in the 9th AGM & upon approval of BSEC. The Company has also reported Consolidated EPS of Tk. 0.74, Consolidated NAV per share of Tk. 13.54 and Consolidated NOCFPS of Tk. (4.86) for the year ended on December 31, 2021 as against Tk. 1.39, Tk. 13.59 and Tk. 0.73 respectively for the same period of the previous year. The Company has also informed that bonus share has declared out of profit and retained earnings and not from any reserve.
2022-04-21: Board Meeting
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that the Board Meeting of the Company will be held on April 27, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2021.
2022-02-07: Bonus Shares Credited
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that the Bonus shares of the Bank for the year ended on December 31, 2020 have already been credited to the respective shareholders' BO Accounts.
2022-02-07: Category Change
SBACBANK: South Bangla Agriculture & Commerce Bank Limited will be placed in 'B' category from existing 'N' category with effect from February 08, 2022 as the Company has reported disbursement of 4% cash & 4% stock dividend for the year ended June 30, 2021.
2021-12-28: Record Date Tomorrow (29.12.2021)
SBACBANK: Trading of the shares of South Bangla Agriculture & Commerce Bank Limited will remain suspended on its record date i.e., 29.12.2021. Trading of the shares of the Company will resume on 30.12.2021.
2021-12-26: Spot trade from tomorrow (27.12.2021)
SBACBANK: Trading of the shares of South Bangla Agriculture & Commerce Bank Limited will be allowed only in the Spot Market from 27.12.2021 to 28.12.2021 as the record date of the Company is on 29.12.2021 for entitlement of 4% Stock Dividend.
2021-12-26: Record date for entitlement of 4% Stock Dividend
SBACBANK: Refer to their earlier news disseminated by CSE on 21.12.2021 regarding Approval of 4% Stock Dividend from BSEC, the Company has further informed that the Board of Directors has fixed the Record date on 29.12.2021 for entitlement of the aforesaid Bonus Share.
2021-12-21: Approval of 4% Stock Dividend from BSEC
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has further informed that BSEC has accorded their approval for issuance of 4% Stock Dividend for the year ended December 31, 2020. Record date for entitlement of the aforesaid Bonus Share will be notified later on.
2021-11-29: Cash Dividend Disbursement
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that it has disbursed the cash dividend for the year ended on December 31, 2020 to the respective shareholders.
2021-11-01: Cont-Un-audited Financial Statement
SBACBANK(cont):Net interest income of the Bank increased by 28.98% during the period ended 30 September 2021 mainly due to decrease in the cost of deposits. Both Net profit after tax and EPS decrease due to requirement of specific and general provision against loans and advances. NOCFPS changed by 142.03% during the period ended 30 September 2021, compared to the corresponding period due to withdrawal of deposits by Banks and disbursement of loans and advances and investments in the trading securities.(end)
2021-11-01: Un-audited Financial Statement
SBACBANK: (Quarter 3) As per the un-audited financial statements of South Bangla Agriculture & Commerce Bank Limited Consolidated EPS was Tk. 0.54 for July-September 2021 as against Tk. 0.42 for July-September 2020; Consolidated EPS was Tk. 0.81 for January-September 2021 as against Tk. 0.82 for January-September 2020. Consolidated NOCFPS was Tk. (12.62) for January-September 2021 as against Tk. (5.21) for January-September 2020. Consolidated NAV per share was Tk. 14.40 as on September 30, 2021 and Tk. 13.18 as on September 30, 2020. Significant deviations:(cont)
2021-10-25: Cont2-Auditor's Opinion
SBACBANK(cont2):However, using prudence, the Bank has not accrued interest for the period if not realized. In addition to above, Banker's meeting held on January 14, 2020 [Letter Ref. BRPD (P-2)/748/2020-1541 dated February 09, 2020] presiding by the honorable Governor of Bangladesh Bank, decided that Bank will not encash their deposits with FI before maturity as well as they should keep assisting FIs by renewing their existing investment to the affected FI."(end)
2021-10-25: Cont1-Auditor's Opinion
SBACBANK(cont1):Our opinion is not modified in respect of this matter. Note no-5.2 Balance with other banks and financial institutions -Main Operation: Management conducted an impairment assessment as on 31st December 2020 and satisfied that no impairment provision is required against any FDR. Due to severe impact of Covid 19, Government has taken various measures to facilitate the affected NBFI to regenerate its regular operation. The Bank assess the recoverability of the balance of the NBFI and conclude that no additional impairment provision is required. (cont2)
2021-10-25: Auditor's Opinion
SBACBANK: The auditor of South Bangla Agriculture & Commerce Bank Limited has given the "Emphasis of Matter" paragraphs in the audit report for the year ended on 31 December 2020. "Emphasis of Matter: We draw attention to Note-5.2 balance with financial institutions includes FDR with International Leasing and Financial Services Limited, Fareast Finance and Investment Limited, Premier Leasing and Finance Limited, FAS Finance Limited and Union Capital Limited amounting total Tk. 141.46 crore. Due to Covid 19, the above NBFls has challenged by liquidity crisis and prolonged the withdrawal of its deposits.(cont1)
2021-10-25: Board Meeting
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that the Board Meeting of the Company will be held on October 31, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2021.
2021-09-30: New Chairman
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that the Board of Directors has elected Mr. Abdul Kabir Molla as Chairman of the Board of Directors of the Bank.
2021-09-27: Record Date Tomorrow (28.09.2021)
SBACBANK: Trading of the shares of South Bangla Agriculture & Commerce Bank Limited will remain suspended on its record date i.e., 28.09.2021. Trading of the shares of the Company will resume on 29.09.2021.
2021-09-23: Spot trade from 26.09.2021
SBACBANK: Trading of the shares of South Bangla Agriculture & Commerce Bank Limited will be allowed only in the Spot Market from 26.09.2021 to 27.09.2021 as the record date of the Company is on 28.09.2021.
2021-09-09: New Record Date for Entitlement of Bonus Shares (revised)
SBACBANK: (Revised) The record date for the purpose of determination of entitlement of bonus shares or stock dividend of South Bangla Agriculture & Commerce Bank Limited will be announced later after approval of shareholders in the 8th AGM & receiving of subsequent approval letter from the BSEC.
2021-09-09: New Record Date for Entitlement of Bonus Shares
SBACBANK: The record date for the purpose of determination of entitlement of bonus shares or stock dividend of South Bangla Agriculture & Commerce Bank Limited will be announced later after receiving consent letter from the BSEC.
2021-09-08: Formation of two subsidiary companies
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that the Board of Directors of the Bank has decided to form a Merchant Banking Company naming ''SBAC Bank Capital Management Ltd.'' with a paid up capital of Tk. 40.00 (Forty) Crore and the authorized capital of Tk. 50.00 (Fifty) Crore subject to approval of Regulatory Authorities. The Board also has decided to form an Asset Management Company naming ''SBAC Bank Asset Management Company Ltd.'' with a paid up capital of Tk. 40.00 (Forty) Crore and the authorized capital of Tk. 50.00 (Fifty) Crore subject to approval of Regulatory Authorities.
2021-09-08: CB Free
SBACBANK: Please note that there will be no price limit today 08.09.2021 on the trading of the shares of the Company following its corporate declaration.
2021-09-08: Cont-Recommendation of Dividend
SBACBANK: (cont) Considering IPO shares, Consolidated EPS of Tk. 1.21, Consolidated NAV per share of Tk. 13.14 and Consolidated NOCFPS of Tk. (0.37). The Company has also informed that bonus share has declared out of profit and retained earnings and not from any reserve. The reason for declaration of stock dividend is to meet the Basel- III requirement.(end)
2021-09-08: Recommendation of Dividend
SBACBANK: The Board of Directors has recommended 4% cash and 4% stock dividend for the year ended on December 31, 2020. Date of AGM: 21.10.2021, Time: 3:30 PM, Venue: Digital Platform. Record date: 28.09.2021. The Company has also reported Consolidated EPS of Tk. 1.39, Consolidated NAV per share of Tk. 13.59 and Consolidated NOCFPS of Tk. (0.42) for the year ended on December 31, 2020 as against Tk. 1.41, Tk. 12.22 and Tk. 11.39 respectively for the same period of the previous year. (cont)
2021-09-01: Board Meeting
SBACBANK: South Bangla Agriculture & Commerce Bank Limited has informed that the Board Meeting of the Company will be held on September 07, 2021 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.
2021-08-29: Query Response
SBACBANK: In response to a DSE query dated August 25, 2021, South Bangla Agriculture & Commerce Bank Limited has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
2021-08-11: Un-audited HY A/Cs
SBACBANK: (Quarter 2) As per un-audited Consolidated half yearly accounts of South Bangla Agriculture & Commerce Bank Limited for the period from April 2021 to June 2021 (three months), Net Profit after Tax was Tk. 120.55m, Pre-IPO EPS was Tk. 0.18 and Post-IPO EPS was Tk. 0.15. However, for the period from Jan 2021 to June 2021 (six months), Net Profit after Tax was Tk. 209.50m, Pre-IPO EPS was Tk. 0.31 and Post-IPO EPS was Tk. 0.27. NAV per share was Tk. 15.28 as on June 30, 2021.
2021-08-11: No credit facility
SBACBANK: As per SEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015; the stockbrokers & merchant bankers are requested not to provide loan facilities to their clients against purchasing shares of newly listed SBACBANK up to 30 trading days from today August 11, 2021.
2021-08-11: Commencement of Trading
SBACBANK: All concerned are hereby informed that trading of the shares of South Bangla Agriculture & Commerce Bank Limited will commence at CSE from today August 11, 2021 under settlement category ''N''. Please note that the Scrip Id=22035, Scrip Code=SBACBANK, Market Lot=1, Face Value=Tk.10 & Tick Price=10 paisa. However, the listing date of the Company at CSE was 03 August 2021.
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