SBAC Bank PLC (এসবিএসি ব্যাংক পিএলসি) is one of the leading 4th generation commercial banks in the private sector of Bangladesh. Registered under the Companies Act of 1994, the bank received approval from Bangladesh Bank on March 25, 2013, and officially commenced banking operations on April 28, 2013. It started with an authorized capital of Tk 10,000 million and a paid-up capital of Tk 4,080 million. The bank’s headquarters are located at BSC Tower, 2-3 Rajuk Avenue, Motijheel, Dhaka, Bangladesh. Initially established as South Bangla Agriculture and Commerce Bank Limited, the bank was rebranded as SBAC Bank PLC in 2024. It offers a wide range of services, including retail banking, corporate banking, Islamic banking, mobile banking, agent banking, SME banking, ATM banking, and internet banking.
Overview of SBAC Bank PLC:
SBAC Bank PLC (এসবিএসি ব্যাংক পিএলসি) is one of the 4th Generation Private Commercial Banks in Bangladesh. It started journey in April, 2013 with a vision to be the most customer-friendly and trustworthy Bank of the Country. The journey with a uniquely qualified leadership, a firm capital base and highly talented workforce has enabled us to offer their customers a wide array of differentiated financial solutions. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
Since its inception, SBAC Bank has been actively involved in various initiatives to promote and strengthen the Banking industry to become more resilient, effective, and efficient. As one of the country’s new generations and fastest growing banks, they offer their customers innovative financial solutions, modern technology-based products and services for businesses as well as individuals. In addition to conventional Banking, they also offer their valued customers Shariah compliant Islamic Banking products & services.
As of December, 2024, they have an extensive network of 90 Branches, 32 Sub-Branches, 68 ATM Booths, 10 Islamic Banking Windows and 33 Active Agent Outlets across the country with 24/7 real time online connectivity. Their unparalleled leadership, remarkable client base and hardworking workforce have led them to achieve a robust business growth.
See also:
❏ Banks in Bangladesh
SBAC Bank PLC at a glance: | |
| Bank Name | SBAC Bank PLC (এসবিএসি ব্যাংক পিএলসি) |
| Logo |  |
| Legal Status | Public Limited Company |
| Established | 2013 |
| Type | Private Bank |
| Category | Commercial Bank |
| Origin | Local Bank |
| No. of Branches | 90 |
| No. of Sub-Branches | 32 |
| No. of ATM Booths | 68 |
| Islamic Banking Windows | 10 |
| Agent Outlets | 33 |
| No. of Employees | 1170 |
| Authorized Capital | Tk 10,000 million |
| Paid up Capital | Tk 4,080 million |
| Face Value per Share | Tk 10 |
| Address | SBAC Bank PLC, Head Office: BSC Tower, (5th – 16th Floor), 2-3 Rajuk Avenue, Motijheel, Dhaka-1000, Bangladesh |
| Call Center | 16327, 09611-016327 (Overseas) |
| Telephone | +88(02) 41052811-814 |
| Fax | +88(02) 41052815 |
| Bank Code | 270 |
| SWIFT Code | SBACBDDH |
| Stock Code | SBACBANK – DSE CSE |
| info@sbacbank.com | |
| Website | www.sbacbank.com |
| Service Hours | Business day (Sun ~ Thu) 10:00 am ~ 4:00 pm * (Fri ~ Sat) Closed |
| Services |
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History of SBAC Bank PLC:
SBAC Bank PLC (এসবিএসি ব্যাংক পিএলসি), originally established as South Bangla Agriculture and Commerce Bank Limited, is one of the 4th generation private commercial banks in Bangladesh. The bank was founded with the vision of contributing to the country’s economic development by providing comprehensive banking solutions. The bank was registered under the Companies Act, 1994, and received approval from Bangladesh Bank on March 25, 2013. Soon after, it officially commenced operations on April 28, 2013, with an authorized capital of Tk 10,000 million and a paid-up capital of Tk 4,080 million.
The bank’s corporate headquarters is located at BSC Tower, 2-3 Rajuk Avenue, Motijheel, Dhaka, the financial hub of the country. Over the years, SBAC Bank PLC has built a dedicated workforce, now numbering 1,170 employees, committed to delivering efficient banking services. In 2024, the bank underwent a rebranding initiative, changing its name from South Bangla Agriculture and Commerce Bank Limited to SBAC Bank PLC, reflecting its progressive vision and commitment to evolving banking needs.
From its inception, SBAC Bank PLC has expanded its operations across Bangladesh. Currently, the bank operates with 90 Branches, 32 Sub-Branches, 68 ATM Booths, 10 Islamic Banking Windows and 33 Active Agent Outlets. The bank’s focus on innovation, customer-centric solutions, and adherence to regulatory standards has positioned it as a trusted name in the Bangladeshi banking sector. It continues to play an essential role in supporting economic growth and fostering financial inclusion across the country.
Services Offered by SBAC Bank PLC:
SBAC Bank PLC (এসবিএসি ব্যাংক পিএলসি) established with a vision to promote financial inclusion and contribute to the nation’s economic growth, the bank has gained recognition for its customer-centric approach and innovative financial solutions. It is provides a diverse range of banking and financial services tailored to meet the needs of its customers. These include:
1. Retail Banking
- Savings Accounts
- Current Accounts
- Fixed Deposit Accounts
- Recurring Deposit Schemes
- Personal Loans
- Education Loans
- Home Loans
- Auto Loans
2. Corporate Banking
- Working Capital Financing
- Term Loans
- Trade Finance (LCs and Guarantees)
- Project Financing
- Syndicated Loans
3. SME Banking
- Small and Medium Enterprise Loans
- Women Entrepreneur Loans
- Working Capital Loans for SMEs
- SME Development Programs
4. Islamic Banking
- Shariah-Compliant Deposit Products
- Murabaha (Cost-Plus Financing)
- Mudaraba and Musharaka (Partnership-Based Financing)
- Ijarah (Lease-Based Financing)
5. Agent Banking
- Banking Services in Remote Areas
- Cash Deposits and Withdrawals
- Fund Transfers
- Utility Bill Payments
6. Mobile and Internet Banking
- Fund Transfers
- Bill Payments
- Mobile Recharge
- Account Balance Inquiry
- E-Statement Services
7. ATM and Card Banking
- Debit and Credit Cards
- 24/7 ATM Access
- Balance Inquiry and Mini-Statements
- Cash Withdrawal
8. Trade Finance Services
- Import and Export Services
- Letter of Credit (LC)
- Bank Guarantees
- Bill Discounting
9. Treasury and Investment Services
- Foreign Exchange Services
- Money Market Operations
- Government Bond Transactions
10. Other Services
- Locker Services
- Utility Bill Payments
- Remittance Services
SBAC Bank PLC’s comprehensive offerings aim to address the financial needs of individuals, businesses, and communities across Bangladesh.
Contact
SBAC Bank PLC, Head Office: BSC Tower, (5th – 16th Floor), 2-3 Rajuk Avenue, Motijheel, Dhaka-1000, Bangladesh or contact any Branch/ Sub-Branch/ Agent Banking Outlet of the Bank
✆ Call Center: 16327, 09611-016327 (Overseas)
Telephone: +88(02) 41052811-814
Fax: +88(02) 41052815
Bank Code: 270
SWIFT Code: SBACBDDH
Email: info@sbacbank.com
Website: www.sbacbank.com
