It is a broadly described annual report of South Bangla Agriculture and Commerce Bank Limited in the year of 2014. During the calendar year 2014, The Bank contributed Tk. 103.61 million as Tax, Tk. 38.89 million as advance tax & Tk. 40.60 million as VAT and excise duty to the national exchequer. Total assets of the bank stood at Tk. 23,835.40 million in 2014 as against Tk. 8,673.89 million in 2013 registering a growth of 174.80%. The deposits of the Bank stood Tk. 18,641.90 million in 2014 as against Tk. 4,439.78 million in 2013 registering growth of 319.88%. The operating income stood at Tk. 855.36 million in 2014 as against Tk. 331.95 million in 2013 showing growth of 157.68%. Net profit before tax of SBAC Bank Limited stood at Tk. 196.68 million in 2014 as against Tk. 105.48 million in 2013 showing growth of 86.46%. Net profit after tax stood at Tk. 66.00 million in 2014 as against Tk. 46.34 million in 2013 showing growth of 42.43%.
The Board of Directors of the Bank has does not recommend any dividend for the year 2014.
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