THE BANGLADESH

Details & Description

BANK PROFILE

SOUTHEAST Bank Limited is a scheduled Bank under private sector established and was incorporated on March 12, 1995. The main function of the bank is intermediation i.e. collecting funds from the surplus units of the economy in the form of deposit and mobilizing deposit to the deficit units of the economy in the form of credit.

As a second generation bank SOUTHEAST Bank Ltd. shows its excellence in banking arena. The growth of SOUTHEAST Bank is immense and its expansion is accelerated day by day. Among 38 branches Corporate Branch plays a major role in the commercial sector in Bangladesh.

During the 2 months period worked in different departments at Corporate Branch and obtain some meagre idea about General Banking, Accounts Department, and Foreign Trade & Credit Department.

In General Banking learned the process of the Account Opening, formalities involve in different accounts; in the Accounts department which involve in different accounting tools, financial statement, and cash management related issues; in Foreign Trade department learned about L/C formalities, Travellers & Miscellaneous check etc; and in Credit department learned different forms of loan offerings, credit analysis etc which predict the vastness of banking activities.

This report is divided into six chapters. Chapter one contains the elements of project parts and remaining chapter contains the elements of organization parts. In organization chapter one discusses the structure human resource, mission, guidelines, financial information and policy of the organization, etc; General banking includes customer’s services, cash management and remittance. Credit structure describes different types of credit facilities, different level of approval. Foreign Exchange chapter discusses import and export section. Last following chapter discuss findings and bibliography.

Southeast Bank Limited has a long and relishing heritage. It is a second generation bank which was established in 1995 with the vision to stand out as a pioneer banking institution in Bangladesh and contribute significantly to the national economy. It was incorporated on March 12, 1995 as a Public Limited Company. Certificate of Commencement of Business of the bank issued by the registrar of Joint Stock Company and firms was also dated March 12, 1995. The banking license for the bank was issued by Bangladesh Bank on March 23, 1995. The Bank and its first branch at the busiest commercial hub of the country at 1 Dilkusha C/A, Dhaka was opened on May 25, 1995 by Mr. N. Saifur Rahman, the then honorable finance Minister, Govt. of the Peoples Republic of Bangladesh as the chief guest. The authorized capital of the bank is Taka 3,500 Million. Is capital and reserve reached Taka 6,468.36 Million as on December 31, 2007. The Bank had 1116 staff of home 91 are executive, 873 are officers and 152 are other staff as on December 31, 2007.

The sponsors of the bank are the leading business personalities and eminent industrializes of the country having stakes in various segments of the national economy. Currently Mr. Alamgir Kabir FCA a professional CA is the chairman of the bank. Mr. Neaz Ahmed Managing Director of the bank is an eminent banker of the country who has 30 years experience in both foreign and local private sector banks to his credit.

The bank is managed by a team of efficient professionals. There prevails a positive organization climate in the bank that generate filling of dignity, trust, discipline and openness in its people and result in motivating them to post better result continuously in the bank. The culture of maintaining congenial work environment has further enabled the staff to bench mark themselves better against management expectation. A commitment to quality and excellence in service is the hallmark of their identity.

Southeast Bank is today as synonym of quality banking products. It has a divers array of carefully tailor products and services to cater to the needs of all customer segments. They have structured their operational strategies to address the spatial and often complex needs of the customer. In the growth graph it has generated net profit of Taka 1222.97 Million after provision and income tax in the year 2007. The curve keeps soaring upwards with dawn of everyday. Today southeast Bank is one of the leading and most successful banking institutions in Bangladesh with a total assist base of Taka 64370.69 Million as on December 31, 2007. The credit rating of the bank for the year 2007 was done by Credit Rating Agency of Bangladesh (CRAB). They have rated the Bank A-1 for the long term. Commercial Bank Rated in this category are adjudged to be strong banks.

Vision

To be a premier banking institution in Bangladesh and contribute significantly to the national economy.

Mission

High-quality financial services with state-of-the-art technology 
Fast customer service 
Sustainable growth strategy 
Follow ethical standards in business

Phone: 880247115321

Email: info@southeastbank.com.bd

Swift code: SEBDBDDH

All Branches: