What Southeast Bank does

Southeast Bank PLC is a Bangladesh-based private commercial bank established in 1995, headquartered in Dhaka at Eunoos Trade Center, Dilkusha. It serves retail, SME, and corporate customers through 137 branches across Bangladesh, complemented by an agent banking network, ATMs, a 24/7 call center, internet banking, and a mobile application covering Android and iOS. The bank runs both conventional banking (savings, current, fixed deposits, monthly and millionaire savings schemes, retail and corporate lending, trade finance, treasury, and offshore banking) and Shariah-compliant Islamic banking (Mudaraba savings, Al-Wadiah current, Mudaraba term deposits and savings schemes), supervised by a dedicated Shariah Supervisory Committee. It also operates a Customer Document Portal, SSL Commerce-integrated online merchant payment service, and SWIFT-enabled correspondent relationships with Standard Chartered, JPMorgan, Citi, Mashreq, Commerzbank, and others across the US, UK, EU, UAE, Saudi Arabia, Japan, Switzerland, Pakistan, Nepal, Bhutan, and India.

The bank's revenue model is a standard commercial banking spread-plus-fee construct. Primary income is interest from loans and advances (working capital, project finance, overdrafts, syndicated loans, packing credit, and retail loans including home, car, personal, and Doctor's Loans), augmented by investment income from government securities and SUKUK bonds, fee and commission income from account services and cards, foreign exchange and remittance income, and offshore banking activities. Provision recoveries contributed to a 64% year-over-year increase in H1 2026 consolidated net profit to Tk218.77 crore, with EPS at Tk1.64. Distribution is hybrid: physical branches drive acquisition and service, while digital channels handle routine transactions, and an institutional correspondent network handles cross-border trade and remittance flows. The bank also participates in the PKSF Credit Enhancement Scheme for guaranteed SME lending and is coordinating with Bangladesh Bank's Financial Intelligence Unit on asset recovery from six large industrial groups with combined defaulted loans of Tk 3.35 trillion.

Name

Southeast Bank

Legal name

Southeast Bank PLC.

Website

https://southeastbank.com.bd

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Southeast Bank PLC is a Bangladesh-based private commercial bank founded in 1995, operating 137 branches to provide conventional and Islamic banking, retail, SME, and corporate lending, trade finance, treasury, offshore banking, and digital banking services to retail and institutional customers.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Islamic Retail Banking (FSABAGAA), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Commercial banking services
• Retail banking products
• Islamic banking services
• SME banking solutions
• Digital banking channels

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Loans and Advances: Primary revenue stream from interest earned on loans including working capital finance, overdrafts, project finance, syndicated loans, packing credit, and retail loans (home, car, personal, doctor's loans).
2. Investment Income: Revenue from investment in government securities, SUKUK bonds, and other securities. The bank attributed H1 2026 profit growth partly to higher investment income.
3. Fee and Commission Income: Various fee-based services including account maintenance, transaction fees, credit card fees, locker rental, SMS alert services, and ATM usage fees.
4. Foreign Exchange Income: Revenue from foreign exchange transactions, remittance services, and foreign trade (import/export) services.
5. Provision Recovery: Lower provisions against loans and advances contributed to profit growth in H1 2026, indicating recovery operations as a revenue source.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels5 records

Core offering

Southeast Bank PLC operates as a private commercial bank in Bangladesh offering a full range of conventional and Islamic (Shariah-compliant) banking services. Its core offerings include retail deposit products (savings, current, fixed, monthly and pension savings schemes), corporate and retail lending (working capital, project, syndicated, home, car, personal loans), credit and debit cards, SME banking, foreign trade services (imports, exports, remittances, SWIFT), and digital banking channels including mobile, internet, SMS, and agent banking.

Product overview

Southeast Bank PLC is a comprehensive banking institution in Bangladesh offering a diverse portfolio of financial products and services. The bank operates both conventional and Islamic banking (Shariah-compliant Mudaraba-based) products, including various deposit accounts (Savings, Current, Fixed Deposits, Monthly Savings Schemes, Pension Savings), loan products (Working Capital, Project Finance, Syndicated Loans), card services (Credit Cards, Debit Cards, Agent Banking Cards), and digital banking channels (Mobile App, Internet Banking, Customer Document Portal, ATM Services, SWIFT Services). The bank provides specialized services for SMEs, foreign remittances, offshore banking, treasury operations, and online merchant payment services through SSL Commerce integration. The digital banking platform enables fund transfers via BEFTN, NPSB, bKash, and Nagad, along with bill payment services for utilities and education.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings (SB) Account A standard conventional deposit account for individuals and households to save money and earn interest, suitable for personal banking customers.
• Current (CD) Account A transactional deposit account primarily for businesses and professionals requiring frequent withdrawals and deposits without interest.
• Fixed Deposit Receipt (FDR) A term deposit product where funds are deposited for a fixed tenure at a predetermined interest rate, suitable for individuals and businesses seeking higher returns.
• Monthly Savings Scheme (MSS) A monthly installment savings scheme that encourages disciplined savings over a fixed tenor, suitable for individuals planning future financial goals.
• Pension Savings Scheme (PSS) A retirement-focused savings scheme designed for individuals seeking to build a pension corpus over time.
• Monthly Income Scheme (MIS) A deposit scheme that provides regular monthly income to depositors, suitable for retirees and individuals seeking periodic income.
• Millionaire Deposit Scheme (MDS) A goal-based deposit scheme that matures into a target corpus (e.g., one million), suitable for individuals building a long-term savings target.
• Mudaraba Savings (MSB) Account A profit-and-loss sharing Islamic savings account for individuals and businesses seeking Shariah-compliant deposits.
• Al-Wadiah Current (CD) Account A safekeeping-based Islamic current account that provides transactional convenience without interest, suitable for businesses and individuals seeking Shariah-compliant banking.
• Mudaraba Term Deposit Receipt A profit-and-loss sharing Islamic term deposit for individuals and businesses seeking Shariah-compliant fixed-term investments.
• Mudaraba Monthly Savings Scheme A monthly installment-based Islamic savings scheme that operates on a profit-sharing basis.
• Mudaraba Pension Savings Scheme A Shariah-compliant retirement savings scheme designed for individuals seeking to build a pension fund.
• Mudaraba Millionaire Deposit Scheme A Shariah-compliant goal-based deposit scheme that matures into a target corpus, suitable for individuals building long-term savings.
• Working Capital Finance A corporate lending product that finances day-to-day operations and short-term funding needs of businesses.
• Project Finance A long-term corporate lending facility for financing large-scale infrastructure, industrial, or commercial projects.
• Syndicated Loan A large-ticket loan arranged by a group of lenders and led by Southeast Bank, suitable for large corporate borrowers requiring significant capital.
• Overdraft (OD) A flexible credit facility that allows account holders to withdraw funds beyond their account balance up to a sanctioned limit, suitable for businesses and individuals.
• Southeast Bank Credit Card A revolving credit card product for retail customers to make purchases on credit with flexible repayment options.
• Southeast Bank Debit Card A debit card linked to the customer's bank account, allowing cash withdrawals, point-of-sale purchases, and online transactions.
• Southeast Bank Agent Banking Debit Cards A specialized debit card issued to agents operating under Southeast Bank's agent banking network, enabling banking services in underserved areas.
• Foreign Remittance Services A service for inward and outward money transfers through correspondent banking partners, supporting the Bangladeshi diaspora and businesses.
• Offshore Banking Services (OBS) Offshore banking operations conducted in foreign currencies for foreign customers, export-oriented businesses, and trade finance.
• Import-Export Service A trade finance service providing Letters of Credit, bills, and documentation support for importers and exporters.
• SWIFT Service SWIFT-enabled cross-border payment and message services for individuals and businesses, supporting international transactions and correspondent banking.
• SME Banking A dedicated banking division providing tailored financing, advisory, and account services to small and medium enterprises, supported by branch-level SME cells.
• Southeast Bank Mobile App (SEBPLC) A mobile banking application that enables account holders to conduct banking transactions, fund transfers, and access services on their mobile devices.
• Internet Banking A web-based banking platform that allows customers to access account information, make transfers, pay bills, and conduct online transactions.
• ATM Service Automated Teller Machine services allowing customers to withdraw cash, check balances, and perform basic transactions 24/7.
• Southeast Bank Instant Banking A digital banking feature offering real-time account access and instant transactions for retail customers.
• Locker Service A safe deposit locker service that allows customers to securely store valuables and important documents at the bank.
• Home Loan A long-term retail loan product for individuals to finance the purchase of residential property.
• Car Loan A retail loan product for individuals to finance the purchase of personal vehicles.
• Personal Loan An unsecured retail loan for individuals to meet personal expenses such as education, travel, or emergencies.
• Doctor's Loan A specialized loan product designed for medical professionals to support their personal or professional financing needs.
• Express Cash A quick-disbursement retail loan product that provides immediate cash to individual customers.

Quantifiable outcome

• 64% increase in consolidated net profit for H1 2026, reaching Tk218.77 crore from Tk133.53 crore in H1 2025

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability2 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core.

• Bangladesh Bank (BFIU)coreStrategic or Co-development Partner · 2 April 2026Southeast Bank is among commercial banks coordinating with Bangladesh Financial Intelligence Unit for asset recovery from defaulted loans of 6 industrial groups with combined defaulted loans of Tk 3.35 trillion.
• Palli Karma-Sahayak Foundation (PKSF)coreStrategic or Co-development Partner · 1 July 2025Southeast Bank signed credit guarantee agreement under PKSF's Credit Enhancement Scheme enabling guaranteed loans worth Tk 2,800 crore for small enterprise financing in FY2026-27. Part of 11 commercial banks participating in the scheme.
• Standard Chartered BankcoreTechnology or IntegrationForeign correspondent bank for USD transactions. Address: 1095 Avenue of the Americas, New York, NY 10036. SWIFT: SCBLUS33. Provides international wire transfer and foreign exchange services.
• JPMorgan Chase Bank N.A.coreTechnology or IntegrationForeign correspondent bank for international banking transactions. Head Office: 270 Park Avenue, New York, NY 10017. SWIFT: CHASUS33.
• Citi Bank N.A.coreTechnology or IntegrationForeign correspondent bank. Address: 111, Wall Street, New York, NY 10043. SWIFT: CITIUS33. Also Citibank AG for EUR transactions (Frankfurt, Germany, SWIFT: CITIDEFF).
• Mashreqbank psccoreTechnology or IntegrationCorrespondent bank with branches in New York (SWIFT: MSHQUS33) and Dubai headquarters (SWIFT: BOMLAEAD). Handles USD and AED currency transactions.
• Standard Chartered Bank (UK)coreTechnology or IntegrationCorrespondent bank for GBP currency. Address: 1 Basinghall Avenue, London, EC2V 5DD. SWIFT: SCBLGB2L.
• SEB Capital (Merchant Banking)coreStrategic or Co-development PartnerRelated entity for merchant banking services. Website: sebcapital.com.bd. Provides investment banking and capital market services.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• The City Bank PLC: Bangladesh private commercial bank offering retail, SME, and corporate banking with comparable digital channels (City Touch app) and correspondent banking footprint. Operates in the same customer segments as Southeast Bank.
• Mutual Trust Bank PLC: Bangladesh private commercial bank operating both conventional and Islamic banking windows with comparable SME, retail, and corporate products. Closely mirrors Southeast Bank's dual-rail (conventional + Islamic) model.
• BRAC Bank PLC: Leading Bangladesh private commercial bank with strong retail, SME, and corporate banking franchises and a comparable digital and branch-led distribution model. Directly competes with Southeast Bank across SME lending, deposits, and cards.
• Dhaka Bank PLC: Bangladesh private commercial bank with comparable conventional retail and SME banking products and similar branch-based distribution. Direct competitor in the mid-tier private bank segment alongside Southeast Bank.
• Eastern Bank PLC (EBL): Mid-to-large Bangladesh private commercial bank offering retail, corporate, and SME banking with strong trade finance and digital banking capabilities. Highly comparable to Southeast Bank in customer segments, product breadth, and corporate banking focus.
• Dutch-Bangla Bank PLC: One of the largest private commercial banks in Bangladesh with a comparable branch network and similar product mix across conventional retail, SME, and corporate banking. Directly competes with Southeast Bank for deposits, loans, and digital banking customers across Bangladesh.
• Prime Bank PLC: Bangladesh private commercial bank with similar conventional and Islamic banking offerings, SME programs, and extensive branch network. Directly competes with Southeast Bank for retail and corporate customers.
• Islami Bank Bangladesh PLC: Bangladesh's leading Islamic banking institution operating a comparable Mudaraba-based product suite. The most relevant direct competitor for Southeast Bank's Islamic banking window.
• Pubali Bank PLC: One of the largest Bangladesh private commercial banks with an extensive branch network and similar deposit, lending, and trade finance offerings. Directly competes with Southeast Bank for retail and SME deposits.

Broad incumbents

• Standard Chartered Bangladesh: Foreign multinational bank with a Bangladesh branch franchise focused on corporate, trade finance, and affluent retail banking. Overlaps with Southeast Bank in correspondent relationships, trade services, and high-end retail segments, though operating under a different (foreign bank) model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/sebl12
• Facebookfacebook.com/SEBLBD
• LinkedInlinkedin.com/company/southeastbank

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Southeast Bank