Southeast Bank PLC. held its “Annual Risk Conference 2024” via hybrid mode on Wednesday at the Bank’s Head Office, Dilkusha, Dhaka.
Nuruddin Md. Sadeque Hossain, Managing Director of Southeast Bank PLC. inaugurated the conference. In his speech, Hossain emphasized on the importance of this Risk Conference in establishing a robust risk culture throughout
the Bank.
He also highlighted the recent improvement in various indicators of the Bank. For example: The Bank’s operating profit in September 2024 stood at Tk.893.66 crore, reflecting a significant growth of Tk.285.83 crore which is 47% compared to the same period in the previous year.
The Bank has been able to achieve 5% growth in deposit amounting Tk.2,074 crore and 7% growth in loans and advances amounting Tk.2,367 crore in the first nine months of the current year.
The Bank decided to maintain an additional provision of Tk.100 crore considering future risks after completely meeting the previous year's provision deficit of Tk.330 crore in September 2024 and The Bank was able to achieve 22% growth in import business, 3% growth in export business and 38% growth in inward remittance in September 2024 compared to the same period in the previous year.
Mahmuda Haque, Joint Director, Department of Off-site Supervision, of Bangladesh Bank was present in the Risk Conference as speaker.
