SBAC Bank

What SBAC Bank does

SBAC Bank PLC is a publicly listed Bangladeshi commercial bank headquartered in Motijheel, Dhaka, operating 90 branches nationwide alongside an agent-banking network launched in May 2022. The bank serves four horizontal customer segments — individual consumers, corporate clients, the CMSME (Cottage, Micro, Small and Medium Enterprise) sector, and agriculture — through deposit products (savings, current, term), loan products (corporate financing, CMSME financing, agricultural credit), trade finance (Letters of Credit, guarantees, import/export financing), and inward remittance services routed through roughly 15 international money-transfer partners including Western Union, MoneyGram, Xpress Money, and Ria.

Its technology stack centers on a multi-channel digital delivery infrastructure: the BanglaPay mobile banking app, an internet banking portal, and the SBAC e-KYC digital onboarding system that combines OCR-based NID/Smart Card capture, AI-assisted live photo capture, biometric verification, and automated customer risk grading. The Proactive Transaction Monitoring System (PTMS) provides real-time surveillance for fraud, money laundering, and loan misuse. The bank is Basel III-compliant, listed on the Dhaka Stock Exchange, and operates a subsidiary — SBAC Investment — for investment services.

Revenue is generated primarily through net interest margin on the Tk 9,445 crore loan book (corporate, CMSME, working capital, agricultural) and through fee income from deposits, trade finance operations, and remittance drawing arrangements. The franchise scaled to Tk 10,800 crore in deposits and Tk 824 crore in paid-up capital by 2025–2026, with no explicit P&L disclosed.

Name

SBAC Bank

Legal name

SBAC Bank Ltd.

Website

https://sbacbank.com

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

251–500 employees

Short description

SBAC Bank PLC is a publicly listed mid-tier Bangladeshi commercial bank operating 90 branches plus an agent-banking network, serving retail consumers, corporates, CMSMEs, and agricultural clients with deposits, loans, trade finance, and remittance services anchored on its BanglaPay mobile app and AI-assisted e-KYC onboarding.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

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

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

Keywords

• Commercial banking services
• Corporate financing
• Consumer deposit products
• Agent banking services
• Trade finance

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices10 records

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: The bank generates primary revenue through interest income on various loan products including corporate financing, CMSME financing, agricultural financing, and working capital loans. As of end 2025, total loans stood at Tk 9,445 crore.
2. Deposit Interest: The bank collects deposits from customers including savings accounts, current deposits, and term deposits. Total deposits reached Tk 10,800 crore by end of 2025.
3. Remittance Services: Fee-based income from inward remittance services through partnerships with 15+ exchange houses and money transfer companies globally including Western Union, MoneyGram, Xpress Money, and others.
4. Trade Finance Services: Fee income from trade finance operations including Letters of Credit, bank guarantees, performance bonds, bid bonds, and other trade-related services for import and export transactions.
5. Fee-based Banking Services: Various fee-based services including account maintenance, ATM usage, cheque processing, certificate issuance, and other banking services as per Schedule of Charges.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

SBAC Bank PLC is a Bangladeshi commercial bank providing deposit products (savings, current, term deposits), loan products (corporate financing, CMSME financing, agricultural credit), digital banking services (SBAC e-KYC, BanglaPay mobile app, Internet Banking), agent banking for underserved areas, trade finance (Letters of Credit, bank guarantees), and inward remittance services via 15+ global exchange house partners. The bank serves individual consumers, corporate clients, CMSME entrepreneurs, and the Bangladeshi diaspora through 90 branches, agent outlets, ATMs, and digital channels across Bangladesh.

Product overview

SBAC Bank PLC operates as a commercial bank in Bangladesh offering a comprehensive suite of banking products through multiple channels. The core product portfolio includes digital banking services (SBAC e-KYC for paperless onboarding, BanglaPay mobile app, and Internet Banking), deposit products (Savings Bank Account), and lending products (Corporate Financing, CMSME Financing, and Agri Financing). Agent Banking extends services to underserved populations through authorized agents. International Banking encompasses remittance services via partnerships with 15 global money transfer companies and trade finance operations. The bank serves retail customers, corporate clients, and CMSME entrepreneurs with specialized financing under Bangladesh Bank refinance schemes.

Differentiator

Problem solved

Functional benefit

Brands

• BanglaPay: Mobile banking application for digital banking services including fund transfers, bill payments, mobile top-up, and MFS transactions.
• SBAC e-KYC

Products and services

• Savings Bank Account

Quantifiable outcome

• Total deposits of Tk 10,800 crore and total loans of Tk 9,445 crore as of end 2025
• +2 more outcomes

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration19 records

AI capability4 records

Feature2 records

Partnerships

16 partnerships are on record, tiered strategic, core, regional and minor.

• MAY International Trade Services LimitedstrategicTechnology or Integration · 16 January 2026SBAC Bank signed a strategic agreement with MAY International Trade Services Limited for international container tracking and vessel screening systems. This collaboration strengthens the bank's trade finance operations by enhancing monitoring capabilities, improving compliance standards, and ensuring greater transparency in international trade transactions.
• Western UnioncoreChannel Partner/ Reseller/ DistributorGlobal money transfer service partner enabling inward remittance services to Bangladesh through SBAC Bank's extensive branch and digital network.
• Xpress Money Services LimitedcoreChannel Partner/ Reseller/ DistributorInternational money transfer partner providing fast and reliable remittance services to Bangladesh through SBAC Bank.
• MoneyGramcoreChannel Partner/ Reseller/ DistributorGlobal remittance service partner enabling fund transfers to SBAC Bank accounts through MoneyGram's worldwide network.
• Aman Exchange Company KuwaitregionalChannel Partner/ Reseller/ DistributorRegional money transfer partner from Kuwait, one of the major remittance source countries for Bangladesh.
• Ria Financial ServicecoreChannel Partner/ Reseller/ DistributorInternational money transfer partner providing remittance services to Bangladesh through SBAC Bank.
• Placid NK Corporation (Placid Express)regionalChannel Partner/ Reseller/ DistributorRemittance partner enabling transfers to Bangladesh through SBAC Bank's network.
• TransFast (MasterCard)regionalChannel Partner/ Reseller/ DistributorInternational money transfer service partner providing remittance solutions to SBAC Bank customers.
• NEC Money Transfer UKregionalChannel Partner/ Reseller/ DistributorUK-based money transfer partner serving Bangladesh diaspora remittance needs.
• Small World (LCC Transcending PLC) UKregionalChannel Partner/ Reseller/ DistributorUK-based money transfer company providing remittance services to Bangladesh through SBAC Bank.
• Wall Street Finance LLC USAregionalChannel Partner/ Reseller/ DistributorUS-based money transfer partner serving Bangladeshi diaspora in the United States.
• Al Ansari Exchange LLC UAEregionalChannel Partner/ Reseller/ DistributorUAE-based exchange company serving Bangladeshi workers in the Gulf region.
• Turbo CashminorChannel Partner/ Reseller/ DistributorMoney transfer partner providing remittance services to Bangladesh.
• National Exchange Company Italy S.R.L.minorChannel Partner/ Reseller/ DistributorItaly-based exchange company serving Bangladeshi diaspora in Europe.
• Sha GlobalminorChannel Partner/ Reseller/ DistributorMoney transfer partner for Bangladesh remittances.
• Sunman Global Express Corp (USA)minorChannel Partner/ Reseller/ DistributorUS-based remittance service provider.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• One Bank PLC: Mid-sized Bangladeshi private commercial bank with comparable deposit and loan profile. Competes with SBAC in corporate, retail, and SME banking with similar digital transformation efforts.
• IFIC Bank PLC: Established Bangladeshi private commercial bank with retail and corporate banking focus. Comparable to SBAC in target segments, with broader historical branch network and similar remittance partnerships.
• BRAC Bank PLC: Leading Bangladeshi private commercial bank with strong retail, SME, and corporate banking operations. Directly comparable to SBAC in product mix and customer segments, though significantly larger in scale and digital maturity.
• Dutch-Bangla Bank PLC: Bangladesh private commercial bank known for agent banking leadership and SME focus. Direct competitor to SBAC in CMSME and remittance services, with comparable agent banking strategy.
• Eastern Bank PLC (EBL): Mid-sized Bangladeshi commercial bank with strong corporate, retail, and trade finance offerings. Comparable to SBAC in scale and target market, with similar emphasis on digital banking and treasury services.
• Mutual Trust Bank PLC: Bangladesh private commercial bank serving retail, corporate, and SME customers. Direct peer of SBAC in product breadth, including deposits, corporate financing, and CMSME lending.
• Trust Bank PLC: Bangladeshi private commercial bank offering similar retail, corporate, and SME banking products. Comparable to SBAC in branch-based distribution and CMSME/agricultural lending focus.
• City Bank PLC: Private commercial bank in Bangladesh serving consumer, SME, and corporate segments. Direct competitor to SBAC with comparable full-service banking offerings and similar scale tier.
• Jamuna Bank PLC: Bangladeshi private commercial bank offering corporate, retail, and SME banking products. Direct peer of SBAC with comparable scale and similar emphasis on Islamic banking alongside conventional offerings.
• NRB Bank PLC: Bangladesh private commercial bank with focus on non-resident Bangladeshi remittance and SME banking. Comparable to SBAC in CMSME focus and remittance corridor business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries1 record

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 SBAC Bank