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Deposit of Southeast Bank stands at Tk 6.65b in ‘99

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  March 6, 2000.

Southeast Bank Limited (SBL) posted a satisfactory deposit growth in the year 1999 which stood at Tk 6.6 billion.

 

This was disclosed at the fourth branch managers’ conference of SBL held Friday at a city hotel. All the executives at head office and branch managers were present at the conference, according to a press release issued by the bank Sunday.

 

The conference was also informed that the profit of the bank exceeded t he budgeted figure during the period. Pre-tax profit of the bank may be stood at Tk 201.7 million.

 

Chairman of the bank Yussuf A Harun was present at the inaugural session as the chief guest. He acclaimed the chief guest. He acclaimed the performance of the bank during the last year.

 

Harun urged the branch managers to face the challenges of the new millennium with renewed vigor and tenacity. He spoke on different welfare schemes introduced by the bank for the benefit of its employees.

 

The SBL chairman observed that more caution and care should be taken in making investments and proper steps should also be taken for timely realization of loans and advances extended by the bank. He laid emphasis on regular audit and inspection of the branches and avoiding unnecessary expenditures as and where applicable to increase the bank’s profitability.

 

SBL Senior Vice-President and head of Khatungonj branch Khorshid Alam was declared banker of the year at the conference, while Bnagshal branch was declared the best branch.

 

SBL President and Managing Director Syed Anisul Huq presided over the business session of the conference.

 

Source: The Financial Express


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