Southeast Bank PLC (সাউথইস্ট ব্যাংক পিএলসি) is a prominent commercial bank in Bangladesh, providing a wide range of financial services and products. Established in March 12, 1995, the bank aims to offer efficient banking services with a strong focus on quality, customer satisfaction, and technological innovation. Southeast Bank PLC is listed on the Dhaka Stock Exchange and Chittagong Stock Exchange, and it regularly reports strong financial performance, contributing to the banking sector’s growth in Bangladesh.
Overview:
Southeast Bank PLC (সাউথইস্ট ব্যাংক পিএলসি) was a commercial bank in private sector of Bangladesh. It was incorporated as a public limited company on 12 March, 1995 under the Companies Act 1994. It commenced banking operations on 25 May of the same year with an authorised capital of Tk 500 million and the paid up capital was Tk 200 million. At present, the bank has 135 branches.
The bank operates about all commercial banking activities including deposit, lending, services foreign trade and financing in different projects. Since its inception, Southeast Bank doing widely foreign exchanges business and foreign trade. So at present the bank has correspondent relationships with 309 banks/bank offices in 50 countries.
See also:
❏ Banks in Bangladesh
Southeast Bank PLC at a glance: | |
| Bank Name | Southeast Bank PLC (সাউথইস্ট ব্যাংক পিএলসি) |
| Logo |  |
| Legal Status | Public Limited Company |
| Established | 1995 |
| Type | Private Bank |
| Category | Commercial Bank |
| Origin | Local Bank |
| Address | Eunoos Trade Center, 52-53, Dilkusha, C/A, Dhaka – 1000, Bangladesh |
| Call Center | 16206, +880 96 12316206 |
| Telephone | +88-02-47115321 |
| PABX | |
| Fax | +88-02-9550093 |
| Bank Code | 205 |
| Stock Code | STANDBANKL – DSE CSE |
| SWIFT Code | SOUTHEASTB |
| info@southeastbank.com.bd | |
| Website | www.southeastbank.com.bd |
| Service Hours | Business day (Sun ~ Thu) 10:00 am ~ 4:00 pm * (Fri ~ Sat) Closed |
| Services |
|
History of Southeast Bank PLC:
Southeast Bank PLC (সাউথইস্ট ব্যাংক পিএলসি) was established in March 12, 1995 with a dream and a vision to become a pioneer banking institution of the country and contribute significantly to the growth of the national economy. The Bank was established by leading business personalities and eminent industrialists of the country with stakes in various segments of the national economy. The incumbent Chairman of the Bank is Mr. Alamgir Kabir, FCA, a professional Chartered Accountant.
In the Registrar of Joint Stock Companies and Firms issued the Certificate of Commencement of Business of the Bank on the same date. The Southeast Bank received its Banking License from the Bangladesh Bank on March 23, 1995. The Bank’s first branch was opened at 01, Dilkusha Commercial Area, Dhaka on May 25, 1995. Southeast Bank PLC is listed on the Dhaka Stock Exchange and Chittagong Stock Exchange, and it regularly reports strong financial performance, contributing to the banking sector’s growth in Bangladesh.
Southeast Bank is run by a team of efficient professionals. They create and generate an environment of trust and discipline that encourages and motivates everyone in the Bank to work together for achieving the objectives of the Bank. The culture of maintaining congenial work – environment in the Bank has further enabled the staff members to benchmark themselves better against management expectations. A commitment to quality and excellence in service is the hallmark of their identity. The Bank takes pride for bringing women into the banking profession in a significant number for gender equality.
Services Offered by Southeast Bank PLC:
Southeast Bank PLC is one of the prominent commercial banks in Bangladesh, offering a wide range of financial products and services to cater to individuals, businesses, and corporate clients. Here’s a detailed overview of the services provided by Southeast Bank PLC:
1. Retail Banking Services
Southeast Bank provides a comprehensive array of retail banking services aimed at individuals. These include:
- Savings Accounts: Standard savings accounts with competitive interest rates and easy access to funds.
- Current Accounts: For individuals and businesses requiring frequent transactions.
- Fixed Deposit Schemes (FDR): Term deposits offering fixed interest rates for specific periods.
- Recurring Deposit Accounts: Allow customers to save regularly and earn interest.
- Southeast Easy Savings Deposit (SESD): A unique savings product with attractive returns and flexible deposit options.
- Deposit Pension Scheme (DPS): A regular savings scheme designed for individuals to save a fixed amount monthly, leading to future financial security.
- Student Savings Account: Designed specifically for students, offering various benefits and ease of access.
2. Loans and Credit Facilities
Southeast Bank offers a range of loan and credit products for personal and business needs:
- Personal Loans: Unsecured loans for individuals to meet personal financial needs like education, medical expenses, or household purchases.
- Home Loans: Financing for purchasing or constructing residential properties with flexible repayment terms.
- Auto Loans: Loans for purchasing cars and other vehicles.
- SME Loans: Customized financial solutions for Small and Medium Enterprises (SMEs) to help grow their businesses.
- Agriculture Loans: Special loans for farmers and agribusinesses, designed to support agricultural development.
- Education Loans: Loans to help students and parents cover the cost of higher education.
- Credit Cards: Southeast Bank offers both VISA and MasterCard credit cards with various benefits such as cashback, reward points, and flexible payment terms.
3. Corporate Banking Services
Southeast Bank offers a wide range of financial solutions for corporate clients, including:
- Working Capital Financing: Providing businesses with short-term funds to manage their daily operations.
- Trade Finance: Solutions for businesses engaged in international trade, such as Letters of Credit (LC), Trade Bills Discounting, and Guarantees.
- Term Loans: Long-term loans for capital investments, project financing, or business expansion.
- Syndicated Loans: Arranging large-scale financing by partnering with other financial institutions for significant projects or corporate ventures.
- Corporate Deposit Accounts: Tailored deposit products for corporate clients, offering flexibility and high returns.
- Cash Management Services: Comprehensive solutions for managing business cash flows, including collections, payments, and liquidity management.
4. SME Banking
Southeast Bank has special products and services to support the growth of Small and Medium Enterprises (SMEs):
- SME Loans: Providing affordable financing options with flexible repayment terms for small businesses.
- Women Entrepreneur Loans: Loans designed to support women-led businesses with lower interest rates and special terms.
- Working Capital Loans for SMEs: Providing funds for small businesses to cover their operational costs.
5. Islamic Banking
Southeast Bank offers Islamic banking services through Southeast Bank Islamic Banking, which operates based on Islamic Shariah principles, providing interest-free banking solutions:
- Mudaraba Savings Accounts: Profit-sharing savings accounts.
- Mudaraba Term Deposit: Islamic term deposits with profit-sharing features.
- Bai-Muajjal: Islamic investment financing for businesses.
- Ijara: Islamic leasing services.
- Murabaha: Islamic trade financing with profit mark-up for purchasing goods.
6. Foreign Exchange and Remittance Services
Southeast Bank provides various services related to foreign currency transactions and international remittances:
- Foreign Currency Accounts: Accounts that allow customers to hold funds in foreign currencies.
- Student File Services: Assisting students with financial transactions for studying abroad.
- Non-Resident Foreign Currency Deposit (NFCD): Special accounts for Non-Resident Bangladeshis (NRBs) to deposit their earnings in foreign currencies.
- International Remittance: Facilitating the inward and outward transfer of funds through partnerships with international remittance service providers.
7. Digital and E-Banking Services
Southeast Bank offers modern digital banking solutions to ensure convenience and accessibility for customers:
- Southeast Bank Internet Banking: Online banking services that allow customers to perform banking transactions from anywhere, such as fund transfers, bill payments, and checking account balances.
- Southeast Bank Mobile App (Southeast Bank Ltd. App): A user-friendly mobile banking app providing access to banking services on the go.
- Southeast Bank iBanking: Internet-based banking platform for real-time banking services.
- SMS Banking: Quick access to account details and notifications via SMS.
- ATM Services: A wide network of ATMs for cash withdrawals, balance inquiries, and other banking transactions.
8. Trade Finance Services
Southeast Bank offers a wide range of trade finance products and services to support businesses involved in international trade:
- Letters of Credit (LC): Providing financial guarantees for international trade transactions.
- Import and Export Financing: Facilitating the financing of importers and exporters for their trade activities.
- Documentary Collection: Managing the collection and payment process for international trade.
- Foreign Exchange Dealing: Buying and selling foreign currencies for trade purposes.
9. Investment Banking
Southeast Bank also provides investment banking services, helping clients with:
- Project Financing: Financial assistance for large infrastructure and development projects.
- Advisory Services: Investment advice and financial planning services for businesses and high-net-worth individuals.
10. CSR (Corporate Social Responsibility) Initiatives
Southeast Bank is involved in various CSR activities, contributing to education, healthcare, and social welfare projects. These initiatives include scholarships, donations to hospitals, disaster relief efforts, and contributions to community development programs.
11. Treasury and Investment Services
Southeast Bank also offers treasury management services to businesses, including:
- Money Market Operations: Involvement in short-term borrowing and lending in the money market.
- Foreign Exchange Market Operations: Offering solutions for managing foreign exchange risks and transactions.
- Fixed Income Investments: Providing opportunities to invest in government bonds, securities, and other fixed-income instruments.
Contact
Southeast Bank PLC, Head Office: Eunoos Trade Center, 52-53, Dilkusha, C/A, Dhaka – 1000, Bangladesh or contact any Branch/ Sub-Branch/ Agent Banking Outlet of the Bank
✆ Call Center: 16206, +880 96 12316206
Telephone: +880247115321
Fax: +88-02-9550093
Bank Code: 205
SWIFT Code: SEBDBDDH
Email: info@southeastbank.com.bd
Website: www.southeastbank.com.bd
