Southeast Bank PLC.[1] is a private commercial bank in Bangladesh. Alamgir Kabir is chairman of the bank and Nuruddin Md. Sadeque Hossain is the managing director of the bank.[2]
Southeast Bank PLC. was established as a Public Limited Company on March 12, 1995.[3] In the Registrar of Joint Stock Companies and Firms issued the Certificate of Commencement of Business of the Bank on the same date. The Southeast Bank received its Banking License from the Bangladesh Bank on March 23, 1995. The Bank's first branch was opened by M. Saifur Rahman, the then Finance Minister of Bangladesh as the chief guest at 1, Dilkusha Commercial Area, Dhaka on May 25, 1995.[4] The incumbent chairman of the Bank is Alamgir Kabir, FCA. M. A. Kashem a member of the Board and Yussuf Abdullah Harun were past Presidents of the Federation of Bangladesh Chamber of Commerce and Industries (FBCCI).[5]
Neaz Ahmed was appointed managing director of the bank in 2004.[6] He was reappointed in 2007.[7]
In May 2009, Alamgir Kabir became chairman and Ragib Ali vice-chairman of the Bank.[8] Mahbubul Alam was appointed managing director of the bank.[9] Bangladesh Bank started monitoring Southeast Bank PLC. due to poor performance.[10]
In December 2011, the bank started its 81st branch in Munshiganj.[11]
Shahid Hossain was appointed managing director of the bank in 2013.[12]
In 2016, 18.14% of SEBL's employees are women that will rise to 45% over the next five years.[13]
In November 2021, Bangladesh Bank fined Southeast Bank PLC. one million taka for overinvesting in National Life Insurance Company Limited which violated banking rules.[14] Bangladesh Bank fined them 2.1 million taka for failing to reduce their investment.[15]
The appellate division of Bangladesh Supreme Court in August 2021 halted a Bangladesh High Court order for Anti-Corruption Commission and Bangladesh Bank to investigate against the chairman of the bank, Alamgir Kabir, on corruption charges following an appeal by Alamgir.[16]
In September 2022, Chattogram Money Loan Court issued an arrest warrant against the chairman of Nurjahan group for embezzling 2.68 billion taka from Southeast Bank PLC.[17]
