Business Report :
Southeast Bank PLC recently held its Monthly “Business Review Meeting,” based on the performance in August. Managing Director of the bank Nuruddin Md Sadeque Hossain presided over the meeting.
The meeting brought together senior executives from the head office, heads of branches, manager operations of branches, in-charges of uposhakhas and offshore banking units, who participated virtually.
As a symbol of customer confidence, Southeast Bank has upheld its reputation as a leading local bank for 29 years, consistently maintaining top liquidity indices in both local and foreign currencies.
Throughout this period, the Bank has never faced any delays or failures in settling liabilities in either local (taka) or foreign currencies. Also, the capital adequacy ratio of this bank is always higher than the minimum required ratio.
In line with this, Southeast Bank currently maintains strong correspondent relationships with the largest number of international banks.
Southeast Bank’s deposits and foreign trade volume continue to increase steadily due to the deep trust and confidence of its customers.
This marks a milestone in the success of Southeast Bank. Moreover, in terms of deposit collection, non-interest and commission income, and export trade, Southeast Bank is one of the leading banks in the country.
The bank’s continued growth in deposits and foreign trade reflects the strong confidence customers have in Southeast Bank, a trend that is expected to persist in the future.
The meeting affirmed that Southeast Bank is the safest place for customers to keep their hard-earned money, offering 100% security.
The meeting focused on reviewing the bank’s recent business performance, with a strong emphasis on leveraging the latest technology to deliver innovative financial services and enhance customer satisfaction.
The discussion highlighted several key areas, including extending banking services to underprivileged communities at the grassroots level, providing SME loans on favorable terms to promising entrepreneurs, and delivering modern banking solutions to retail customers while ensuring full compliance with regulatory requirements.
Additionally, the bank reaffirmed its commitment to contributing to the country’s economic growth by supporting the establishment of new industrial enterprises in the corporate sector.
Special emphasis was placed on reducing sector-wise credit concentration by increasing loan support in emerging sectors such as pharmaceuticals, IT, power and energy, healthcare, and ceramics. A key focus of the meeting was to intensify the bank’s efforts in recovering classified and written-off loans.