Southeast Bank PLC
DDSE:SOUTHEASTB11.50
BDT
+0.20
(+1.77%)
ISIN
BD0117SEBNK1
Return %
Stock
S&P 500
1Y
39.83
14.20
3Y
-3.78
81.12
5Y
-15.60
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Khalid Mahmood Khan
- Full Time Employees
- 3,224
- Sector
- Finance
- Industry
- Major banks
- Address
- Dhaka Bangladesh
- IPO Date
- Nov 25, 2007
- Website
- southeastbank.com.bd
- Similar Companies
- Business
- Southeast Bank PLC is a commercial banking institution headquartered in Dhaka, Bangladesh, engaged in the provision of conventional commercial banking, Islamic banking, offshore banking, treasury operations, and capital market services to retail, corporate, small and medium-sized enterprise (SME), and institutional clients. Established in 1995, the bank operates across Bangladesh through an extensive distribution network comprising full-service branches, Uposhakhas (sub-branches), agent banking outlets, off-site automated teller machines (ATMs), and cash recycler machines (CRMs), while maintaining an international presence through remittance subsidiaries in the United Kingdom and Australia. The company operates through three primary segments: Conventional Banking, Islamic Banking (branded as Tijarah), and Offshore Banking. Its product and service portfolio encompasses Corporate and Institutional Banking, offering working capital financing, term lending, syndicated finance, structured project financing, cash management, trade finance services, letters of credit, export credit, bank guarantees, and offshore banking facilities for foreign currency financing; Retail and Consumer Banking, providing current accounts, savings deposits, fixed deposits, monthly deposit pension schemes, home loans, auto loans, personal loans, and specialized student financing solutions; Cards and Digital Payment Services, featuring dual-currency Visa and Mastercard credit, debit, and prepaid cards, contactless payment cards, merchant point-of-sale (POS) acquiring, and e-commerce payment gateway integrations; Islamic Banking Services, delivering Shariah-compliant deposit schemes, investment products, and Islamic payment cards, including the Tijarah Visa Signature, Tijarah Mastercard World, and Tijarah Visa Dual Currency debit cards; Small and Medium Enterprise (SME) and Agri Banking, delivering credit facilities for cottage, micro, small, and medium enterprises (CMSMEs), specialized women entrepreneur loans, distributor financing facilities, and seasonal crop and rural development credit; and Treasury and Capital Market Services, covering foreign exchange transactions, liquidity management, government securities dealing, investment banking, and custodial solutions. Additionally, the bank provides merchant banking and portfolio management services through its subsidiary, Southeast Bank Capital Services Limited, as well as cross-border remittance remittance handling through Southeast Financial Services (UK) Limited and Southeast Financial Services (Australia) Pty Ltd. In recent developments, Southeast Bank PLC has executed a strategic corporate modernization program, including updating its legal name to Southeast Bank PLC in accordance with regulatory mandates and expanding its nationwide branch and Uposhakha network to exceed 137 branches. The bank has substantially accelerated its digital transformation initiatives by rolling out upgraded mobile banking applications, contactless digital payment cards, and education management payment solutions such as SoutheastEduFin. To strengthen financial inclusion and enterprise lending, the bank entered into a participation agreement under the Bangladesh Bank CMSME Working Capital Refinance Scheme and forged corporate partnerships with Mastercard, CCI Bangladesh (Coca-Cola İçecek), and SSLCOMMERZ to launch co-branded SME distributor cards. Furthermore, the bank has expanded its retail credit ecosystem through zero-interest merchant installment alliances with electronics retailers and solidified institutional partnerships for payroll, corporate treasury, and student banking services across educational and corporate institutions nationwide.