SBAC Bank PLC. announcements
146 Dhaka Stock Exchange announcements for SBAC Bank PLC. (SBACBANK) since 2021: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (40).
- (Q3 Un-audited): Consolidated EPS was Tk. 0.19 for July-September 2023 as against Tk. 0.40 (restated) for July-September
(Q3 Un-audited): Consolidated EPS was Tk. 0.19 for July-September 2023 as against Tk. 0.40 (restated) for July-September 2022; Consolidated EPS was Tk. 0.60 for January-September 2023 as against Tk. 0.72 (restated) for January-September 2022. Consolidated NOCFPS was Tk. 2.63 for January-September 2023 as against Tk. (2.36) (restated) for January-September 2022. Consolidated NAV per share was Tk. 13.45 as on September 30, 2023 and Tk. 13.27 (restated) as on December 31, 2022. (cont.1)
- (Continuation news of SBACBANK): Reasons for significant deviations in EPS, NOCFPS and NAVPS: EPS have decreased in comp
(Continuation news of SBACBANK): Reasons for significant deviations in EPS, NOCFPS and NAVPS: EPS have decreased in compare to that of the same period of previous year due to decrease of net profit resulting from increased provision for taxation compare to September 30, 2022. Net cash flow from operating activities has increased significantly in compare to that of the same period of previous year which results in the increase of NOCFPS to the positive state from the negative state. (cont.2)
The first part of this announcement is missing from the archive. - Q3 Financials
(Continuation news of SBACBANK): Moreover, the NAVPS has increased also in compare to that of the same period of previous year as a result of increase in paid-up capital through allotment of stock dividend for the year 2021. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 30, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2022 to the respective shareholders.
- Election of Chairman
The Company has informed that Mr. Abu Zafar Mohammod Shofiuddin has been elected as the Chairman of the Board of Directors of the Company in place of Mr. Abdul Kadir Molla with effect from August 16, 2023.
- (Q2 Un-audited): Consolidated EPS was Tk. 0.23 for April-June 2023 as against Tk. 0.10 (restated) for April-June 2022; C
(Q2 Un-audited): Consolidated EPS was Tk. 0.23 for April-June 2023 as against Tk. 0.10 (restated) for April-June 2022; Consolidated EPS was Tk. 0.41 for January-June 2023 as against Tk. 0.31 (restated) for January-June 2022. Consolidated NOCFPS was Tk. 3.18 for January-June 2023 as against Tk. (1.12) (restated) for January-June 2022. Consolidated NAV per share was Tk. 13.25 as on June 30, 2023 and Tk. 13.27 (restated) as on December 31, 2022. (cont.)
- Q2 Financials
(Continuation news of SBACBANK): Reasons for deviation: EPS has been increased in compare to that of the same period of previous year due to decrease of provision requirement compared to June 30, 2022. Income from Operating activities has increased in compare to that of the same period of previous year which has resulted in the increase of NOCFPS to the positive state from the negative state. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 25, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
- Credit Rating Information and Services Limited (CRISL) has assigned the rating of the Company as \"A\" in the long term
Credit Rating Information and Services Limited (CRISL) has assigned the rating of the Company as \"A\" in the long term and \"ST-2\" in the short term along with Stable outlook based on audited financial statements up to December 31, 2022; un-audited financials up to March 31, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Appointment of Managing Director and CEO
The Company has informed that Mr. Habibur Rahman was appointed as Managing Director and CEO in the 153rd Board meeting of the company dated 16th November 2022 and the appointment was approved by Bangladesh Bank on 12th December, 2022.
- The company has requested concerned Depository Participants (DP)/Merchant Banks to provide with a list of the holders of
The company has requested concerned Depository Participants (DP)/Merchant Banks to provide with a list of the holders of margin loan holding shares of the Bank as on record date with details of Shareholders\' name, BO ID, shareholding position, cash dividend receivable (if any), tax rate etc. (in MS Excel format), within June 06, 2023, along with the name of the contact person addressing to the Share Department of the Bank and (cont.)
- Update of Information
(Continuation news of SBACBANK): also to email soft copy of the same to [email protected] for facilitating payment of Cash Dividend, if any. The company has also requested to provide with their Bank Account Details for receiving the dividends against margin loan holders. (end)
The first part of this announcement is missing from the archive. - Resumption after record date
Trading of the shares of the company will resume on 22.05.2023.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended December 31, 2021 to the respective shareholders' BO Accounts.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 21.05.2023 for EGM & AGM.
- The auditor of the South Bangla Agriculture & Commerce Bank Limited has given the \"Emphasis of Matter\" paragraph in th
The auditor of the South Bangla Agriculture & Commerce Bank Limited has given the \"Emphasis of Matter\" paragraph in the Auditor\'s Report for the year ended on 31 December 2022. Emphasis of Matter: We draw your attention to Note # 8.10 to the financial statements, which explained the basis for measurement and recognition of provision required, maintained and the provision shortfall against loans, advances, and leases/investments. (cont.)
- Emphasis of Matter
(Continuation news of SBACBANK): As of the balance sheet date, the bank had a provision shortfall which has been deferred until the financial statement for the year 2023 are finalized with permission from Bangladesh Bank (through letter no: DOS(CAMS)1157/41(dividend)/2023-2113 dated 25 April 2023). Our opinion is not modified in respect of this matter. (end)
The first part of this announcement is missing from the archive. - Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 17.05.2023 to 18.05.2023 and trading of the shares will remain suspended on record date i.e., 21.05.2023 for EGM & AGM.
- (Q1 Un-audited): Consolidated EPS was Tk. 0.17 for January-March 2023 as against Tk. 0.22 for January-March 2022. Consol
(Q1 Un-audited): Consolidated EPS was Tk. 0.17 for January-March 2023 as against Tk. 0.22 for January-March 2022. Consolidated NOCFPS was Tk. (0.43) for January-March 2023 as against Tk. (9.04) for January-March 2022. Consolidated NAV per share was Tk. 13.53 as on March 31, 2023 and Tk. 13.27 as on December 31, 2022. Reasons for deviation in EPS and NOCFPS: EPS has been decreased due to decrease in net interest income, increase in salary and provision for taxation (cont.)
- Q1 Financials
(Continuation news of SBACBANK): despite increase in income from investments. NOCFPS has been increased due to increase in net of loan, deposits and net proceeds from trading securities. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on May 14, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- The Board of Directors has recommended 3.50\% Cash dividend for the year ended December 31, 2022. The Board of Directors
The Board of Directors has recommended 3.50\% Cash dividend for the year ended December 31, 2022. The Board of Directors has also decided to hold an EGM to pass Special Resolutions with respect to making amendment in the Memorandum and Articles of Association of the Company for - (i) Changing the Name of the Company from \"South Bangla Agriculture and Commerce Bank Limited\" to \"SBAC Bank PLC\"; (cont.1)
- (Continuation news of SBACBANK): (ii) Increasing the Authorized Capital of the Company from Tk. 1,000,00,00,000.00 (Taka
(Continuation news of SBACBANK): (ii) Increasing the Authorized Capital of the Company from Tk. 1,000,00,00,000.00 (Taka one Thousand crore) to Tk. 2,000,00,00,000.00 (Taka Two Thousand Crore) in order to enhance the Capital Base of the Company; (iii) Incorporating the recent amendment in the Companies Act 1994 with respect to Notice Period of 21 days for General Meetings; (iv) Deleting existing provisions that are inconsistent upon abolishing the provisions for Shareholders of Different Classes (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of SBACBANK): and (v) Adoption of an Amended Version of the Memorandum and Articles of Association of
(Continuation news of SBACBANK): and (v) Adoption of an Amended Version of the Memorandum and Articles of Association of the Company. Date of EGM and AGM: 18.06.2023, Time of EGM and AGM: 11:00 AM and 11:30 PM respectively. Venue of the EGM and AGM: Digital Platform through https://sbacbank-egm.bdvirtual.com for EGM and https://sbacbank.bdvirtualagm.com for AGM. Record Date for EGM and AGM: 21.05.2023. (cont.3)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (27.04.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration and holding of EGM
(Continuation news of SBACBANK): The Company has reported Consolidated EPS of Tk. 0.72, Consolidated NAV per share of Tk. 13.27 and Consolidated NOCFPS of Tk. 3.02 for the year ended December 31, 2022 as against Tk. 0.66 (restated), Tk. 13.02 (restated) and Tk. (4.38) (restated) respectively for the year ended December 31, 2021. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the company has informed that a meeting of the Board of Directors will be held on April 26, 2023 at 8:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
- Resumption after record date
Trading of the shares of the company will resume on 12.04.2023.
- Suspension for Record date
Trading of the shares of the company will be suspended on record date i.e., 11.04.2023.
- Spot for entitlement of 1% Stock Dividend
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 09.04.2023 to 10.04.2023 and trading of the shares will remain suspended on record date i.e., 11.04.2023.
- Record date for entitlement of 1% Stock Dividend
Refer to their earlier news disseminated by DSE on 03.04.2023 regarding BSEC Consent for issuance of 1% Stock Dividend, the Company has informed that the Board of Directors has fixed the Record date on 11.04.2023 for entitlement of the aforesaid Bonus Shares.
- BSEC Consent for issuance of 1% Stock Dividend
Refer to their earlier news disseminated by DSE on 28.04.2022 regarding Dividend Declaration, BSEC has accorded its consent for raising of paid-up capital through issuance of 1% Stock Dividend for the year ended December 31, 2021. Record date for entitlement of aforesaid Bonus Shares will be notified later.
- The company has informed that the Board of Directors of the company has taken, among others, the following price sensiti
The company has informed that the Board of Directors of the company has taken, among others, the following price sensitive decisions subject to approval of the Regulatory Authorities and General Meeting of the Company: a. Shortening the name from \'South Bangla Agriculture and Commerce Bank Limited\' to \'SBAC Bank PLC\' as a limited liability public limited company. For this purpose, it is decided to replace the Name Clause of the Bank\'s Memorandum of Association (MOA). (cont.)
- Regarding name change and increase of Authorized Capital
(Continuation news of SBACBANK): b. Increasing the authorized capital of the bank from 1,000 crores to 2,000 crores. For this purpose, it is decided to replace the Capital Clause of the Bank's Memorandum of Association (MOA) and Articles of Association (AOA). The company has also informed that in this connection, date of General Meeting and Record Date will duly be circulated later on. (end)
The first part of this announcement is missing from the archive. - Mizanur Rahman, one of the Sponsors of the Company, has further informed that he has completed his sale of 35,56,263 sha
Mizanur Rahman, one of the Sponsors of the Company, has further informed that he has completed his sale of 35,56,263 shares of the Company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 24.01.2023.
- Sale Confirmation of a Sponsor
Shamsun Nahar Rahman, one of the Sponsors of the Company, has further informed that she has completed her sale of 33,82,156 shares of the Company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 24.01.2023.
- Sale Confirmation of a Sponsor
Tahmina Afroz one of the Sponsors of the Company, has further informed that she has completed her sale of 3,48,21,563 shares of the Company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 20.12.2022.
- Referring to the BSEC letter No. BSEC/SRMIC/2021-204/607 dated January 11, 2023, Mizanur Rahman, one of the Sponsors of
Referring to the BSEC letter No. BSEC/SRMIC/2021-204/607 dated January 11, 2023, Mizanur Rahman, one of the Sponsors of the Company, has expressed his intention to sell 35,56,263 shares out of his holding 36,56,263 shares of the Company at prevailing market price (In the Block Market) through Dhaka Stock Exchange (DSE) within next 30 working days.
- Sale declaration of a Sponsor
Referring to the BSEC letter No. BSEC/SRMIC/2021-204/608 dated January 11, 2023, Shamsun Nahar Rahman, one of the Sponsors of the Company, has expressed her intention to sell 33,82,156 shares out of her holding 34,82,156 shares of the Company at prevailing market price (In the Block Market) through Dhaka Stock Exchange (DSE) within next 30 working days.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.