Southeast Bank Limited Announces Decision to Issue Perpetual Bond

Southeast Bank PLC, formerly Southeast Bank Limited, is a scheduled commercial bank (the Bank). The Bank offers conventional banking services, including savings accounts, current accounts, fixed deposit receipts, monthly savings schemes, and pension saving; Islamic banking, including Mudaraba savings accounts and Mudaraba Double Benefit schemes; loans and advances, including working capital finance, overdraft, and project finance; foreign trade, including export and import, and remittance, including remittance services and global services. It delivers financial services to retail, small and medium enterprises (SMEs), corporates, institutions, governments and individual clients through branches across the country. It also offers different student loans, such as undergraduate student loans, parent loans, student loan refinancing, and parent loan refinancing. The Bank has two offshore banking units one at Dhaka Export Processing Zone and the other at Chittagong Export Processing Zone.