SBAC Bank PLC ended 2025 with a provisioning shortfall of Tk1,023.57 crore against loans and off-balance-sheet exposures, according to the bank’s audit report.
The auditor issued a qualified opinion and included an “Emphasis of Matter” paragraph in the audit report for the year ended 31 December 2025.
According to the audit findings, SBAC Bank maintained provisions of Tk355.83 crore against required provisions of Tk1,379.40 crore for classified and unclassified loans, advances and off-balance-sheet exposures.
The bank’s total loans and advances stood at Tk9,445.81 crore at the end of 2025, including classified loans amounting to Tk1,881.49 crore.
The audit report said the resulting provision deficit stood at Tk1,023.57 crore.
Bangladesh Bank, however, allowed the bank to finalise its 2025 financial statements without adjusting the full provision shortfall through a regulatory approval issued on 28 April 2026.
The audit report was signed by Aziz Halim Khair Choudhury Chartered Accountants Partner Golam Fazlul Kabir.
