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 2024 (31).
- (Q3 Un-audited): Consolidated EPS was Tk. 0.49 for July-September 2024 as against Tk. 0.19 for July-September 2023; Cons
(Q3 Un-audited): Consolidated EPS was Tk. 0.49 for July-September 2024 as against Tk. 0.19 for July-September 2023; Consolidated EPS was Tk. 0.95 for January-September 2024 as against Tk. 0.60 for January-September 2023. Consolidated NOCFPS was Tk. 1.38 for January-September 2024 as against Tk. 2.63 for January-September 2023. Consolidated NAV per share was Tk. 14.26 as on September 30, 2024 and Tk. 13.50 as on December 31, 2023. (cont.)
- Q3 Financials
(Continuation news of SBACBANK): Reasons for significant deviations: The EPS increased compared to the same period of the previous year, driven by higher investment income, lower administrative expenses, and reduced tax provisions, despite a rise in net interest income. The NAV also increased as a result of the improved EPS. However, the NOCFPS declined compared to the same period last year, primarily due to an increase in loans along with 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 October 22, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
- Election of Chairman
The company has informed that the Board of Directors has elected Engr. Md. Moklesur Rahman as the Chairman of the Board of Directors of the company.
- Buy Intimation
Prime Bank Securities Ltd. has informed that M/S Vicar International (where Mr. Mohammad Nazmul Haq is the Managing Partner of M/S Vicar International and also a nominated Director of SBAC Bank PLC.) has expressed its intention to buy 9,821,563 shares of SBAC Bank PLC. at prevailing market price (in the Block Market).
- Buy Intimation
Prime Bank Securities Ltd. has informed that M/S Vicar International (where Mr. Mohammad Nazmul Haq is the Managing Partner of M/S Vicar International and also a nominated Director of SBAC Bank PLC.) has expressed its intention to buy 25,000,000 shares of SBAC Bank PLC. at prevailing market price (in the Block Market).
- Transmission of deceased sponsor's shares to nominee
The Company has informed that Mohammad Abdul Hye, one of the Sponsors of the company, passed away on 18.01.2022. A total of 17,41,077 shares out of his total holding of 17,58,487 shares of the company will be transmitted to the account of his nominee Mr. Abdullah Al-Mamun (Son of Late Mohammad Abdul Hye) by way of nomination.
- Sale declaration of a placement holder (ex-director)
Thermax Textile Mills Ltd., one of the placement holders and ex-directors of SBAC Bank PLC., has expressed its intention to sell 34,821,563 shares out of its total holding of 35,169,778 shares of the Company at prevailing market price (In the Block Market) through Dhaka Stock Exchange PLC.
- Declaration of share transfer by a placement holder (ex-director)
Mr. Mohammad Nawaz, one of the placement holders and ex-directors of SBAC Bank PLC., has expressed his intention to transfer 7,065,000 shares of the company to his wife Mrs. Sufia Begum, by way of gift outside the trading system of the Exchange within next 30 working days.
- (Q2 Un-audited): Consolidated EPS was Tk. 0.22 for April-June 2024 as against Tk. 0.23 for April-June 2023; Consolidated
(Q2 Un-audited): Consolidated EPS was Tk. 0.22 for April-June 2024 as against Tk. 0.23 for April-June 2023; Consolidated EPS was Tk. 0.46 for January-June 2024 as against Tk. 0.41 for January-June 2023. Consolidated NOCFPS was Tk. 8.38 for January-June 2024 as against Tk. 3.18 for January-June 2023. Consolidated NAV per share was Tk. 13.80 as on June 30, 2024 and Tk. 13.50 as on December 31, 2023. Reasons for deviation in EPS, NAVPS and NOCFPS: (cont.)
- Q2 Financials
(Cont. news of SBACBANK): EPS have been increased due to increase in net interest income. NAVPS increased as a result of increasing EPS. NOCFPS have been increased compare to the same period of the previous year due to increase in deposit. (end)
The first part of this announcement is missing from the archive. - Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2023 to the respective shareholders.
- 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 31, 2024 at 02:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- Credit Rating Result
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 in consideration of its audited financials up to December 31, 2023 also unaudited financials up to March 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- The company has requested the concerned Depository Participants (DP)/ Merchants Banks to provide with a list of their ma
The company has requested the concerned Depository Participants (DP)/ Merchants Banks to provide with a list of their margin loan holders who holds shares of the Bank as on record date i.e. 29.05.2024 (to receive cash dividend) with the details of Shareholder\'s name, BO ID, Shareholding Position, cash dividend receivable, tax rate etc. (in MS Excel format) within 24.06.2024 along with the name of the contact person to the Investor Relation Department of the Bank, and also the soft copy of (cont.)
- Update of Information
(Cont. news of SBACBANK): the same to E-mail: [email protected] for facilitating payment of cash dividend. The DP/Stock Brokers are requested to provide with their Bank Account name and Number, routing number etc. for receiving the dividends of their 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 30.05.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 29.05.2024.
- 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 27.05.2024 to 28.05.2024 and trading of the shares will remain suspended on record date i.e., 29.05.2024.
- Emphasis of Matter
The auditor of the company has given the "Emphasis of Matter" paragraph in the Auditor's Report of the company for the year ended December 31, 2023. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/may/SBAC.pdf
- (Q1 Un-audited): Consolidated EPS was Tk. 0.2425 for January-March 2024 as against Tk. 0.17 for January-March 2023. Cons
(Q1 Un-audited): Consolidated EPS was Tk. 0.2425 for January-March 2024 as against Tk. 0.17 for January-March 2023. Consolidated NOCFPS was Tk. (1.72) for January-March 2024 as against Tk. (0.43) for January-March 2023. Consolidated NAV per share was Tk. 13.84 as on March 31, 2024 and Tk. 13.50 as on December 31, 2023. Reasons for deviation in EPS and NOCFPS: (cont.)
- Q1 Financials
(Continuation news of SBACBANK): EPS has been increased compared to same period of previous year due to increase in net interest income, and provision requirement decreased compare to last year quarter. NOCFPS has been decreased compared to same period of previous year cause to increase in outflow of loan and advances & deposits and decrease in 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 11, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
- The Board of Directors has recommended 2\% Cash for the year ended December 31, 2023. Date of AGM: 22.06.2024, Time: 11:
The Board of Directors has recommended 2\% Cash for the year ended December 31, 2023. Date of AGM: 22.06.2024, Time: 11:00 AM, Venue: Meeting through Hybrid System in combination of online and physical presence at Retired Armed Forces Officers\' Welfare Association (RAOWA) Club, VIP Road, Mohakhali, Dhaka 1206. Record Date: 29.05.2024. (cont.)
- Dividend Declaration
(Continuation news of SBACBANK): The Company has also reported Consolidated EPS of Tk. 0.66, Consolidated NAV per share of Tk. 13.50 and Consolidated NOCFPS of Tk. 3.51 for the year ended December 31, 2023 as against Tk. 0.72 (restated), Tk. 13.14 (restated) and Tk. 2.99 (restated) respectively for the year ended December 31, 2022. (end)
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 (02.05.2024) following its corporate declaration.
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that, the Board meeting under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on April 30, 2024 at 3:30 PM instead of April 29, 2024 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that, due to unavoidable circumstances, the Board meeting under Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on April 29, 2024 at 3:00 PM instead of earlier declared April 27, 2024 at 03:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
- 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 27, 2024 at 03:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
- Query Response
In response to the DSE query dated February 25, 2024, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
- Name Change of the Company
Dhaka Stock Exchange PLC. (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'SBAC Bank PLC.' instead of 'South Bangla Agriculture & Commerce Bank Limited' with effect from February 15, 2024. Other things (except name) will remain unchanged.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.