It is a broadly described annual report of South Bangla Agriculture and Commerce Bank Limited in the year of 2015. During the calendar year 2015, The Bank contributed Tk. 254.11 million as Tax, Tk. 146.16 million as advance tax & Tk. 67.14 million as VAT and excise duty to the national exchequer. Total assets of the bank stood at Tk. 36,687.94 million in 2015 as against Tk. 23,835.40 million in 2014 registering a growth of 53.92%. The deposits of the Bank stood Tk. 30,775.38 million in 2015 as against Tk. 18,641.90 million in 2014 registering growth of 65.09%. The operating income stood at Tk. 1,831.40 million in 2015 as against Tk. 855.36 million in 2014 showing growth of 114.11%. The net profit before tax of SBAC Bank Limited stood at Tk. 727.33 million in 2015 as against Tk. 196.68 million in 2014 showing growth of 269.80%. Net profit after tax stood at Tk. 358.00 million in 2015 as against Tk. 66.00 million in showing growth of 442.42%.
The Board of Directors of the Bank has recommended @6% stock dividend for the year 2015.
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