Standard Bank PLC
Profile
- Total assets
- ৳270,520,000,000
- Deposits
- ৳190,140,000,000
- Gross NPL
- —
- CRAR
- — (n/a)
- Net profit
- ৳828,000,000
- Chairman
- Mohammed Abdul Aziz
- MD/CEO
- Md. Siddiqur Rahman
- Rating
- AA
Standard Bank PLC (now officially Standard Islami Bank PLC from Feb 10, 2026) posted weak FY2024 net profit of Tk82.8 crore (-40% YoY), paid zero dividend, and ranked 18th among listed banks in a composite 2024 performance ranking. Q3 2025 nine-month profit grew 7.6% to Tk57.62 crore. BSEC rejected a Tk500 crore Mudaraba subordinated bond proposal aimed at Tier-2 capital strengthening. New MD Siddiqur Rahman in post since Jan 30, 2026. DSE market category: Z (as of May 2026).
Recent activity
- 2026-02-10 circular Bangladesh Bank officially renamed Standard Bank PLC to 'Standard Islami Bank PLC' via central bank circular instructing all scheduled banks to update records; marks completion of full Shariah transformation begun January 1, 2021. ↗↗
- 2026-01-30 appointment Md. Siddiqur Rahman (former DMD and COO, 31+ years Islamic banking experience) appointed Acting Managing Director and CEO effective January 30, 2026, succeeding Md. Habibur Rahman who completed his three-year term on January 29, 2026. ↗↗
- 2025-08-14 other 26th Annual General Meeting held on August 14, 2025, presided over by Chairman Mohammed Abdul Aziz; approved FY2024 financials and zero dividend decision. ↗
- 2024-08-21 appointment Mohammed Abdul Aziz unanimously elected as Chairman of Standard Bank PLC at the 396th Board Meeting on August 21, 2024. ↗↗
- 2024-01-01 earnings FY2024 consolidated net profit fell 40% to BDT 828 mn (Tk82.8 crore); EPS declined to Tk0.74 from Tk1.24; board recommended zero dividend for FY2024; operating profit grew 74% but higher provisions eroded bottom line. ↗↗
Provenance & notes
ISLAMIC BANKING MAPPING: Standard Bank converted to full-fledged Islamic banking on January 1, 2021 and was renamed Standard Islami Bank PLC effective February 10, 2026. Total investments (Islamic equivalent of gross loans/advances) mapped to total_loans_bdt (BDT 276,736 mn gross from stockanalysis FY2024). Note: gross investments (276,736 mn) exceed total deposits (190,140 mn) -- this pattern occurs in Islamic banks where placements and interbank investments are included in the investment portfolio; net investments (post-provision) are 203,616 mn. Classified investments (NPL equivalent) and classified ratio not retrieved from any accessible primary source; set to null. ATM count (59) and agent outlets (12) from bankerbd.com snippet citing 138 branches and 821 employees -- employee count of 821 appears stale and inconsistent with EMIS '1,001-5,000' range; employee_count set to null pending verification. Authorized capital BDT 15,000 mn (DSE). Paid-up capital BDT 11,158.42 mn per DSE page; shares outstanding 1,115,842,308 (DSE). Net profit BDT 828 mn / EPS Tk0.74 confirmed by DSE page and stockanalysis income statement. Total assets BDT 270,520 mn, deposits BDT 190,140 mn from stockanalysis FY2024 balance sheet. CAR ranked 9th among listed banks in 2024 composite (Bonikbarta) but specific percentage not retrieved. Chairman Mohammed Abdul Aziz elected Aug 21, 2024 at 396th Board Meeting (TBS/FE/MarketScreener confirmed). MD/CEO: Md. Habibur Rahman (joined Feb 1, 2023) bid farewell Jan 29, 2026; Md. Siddiqur Rahman took charge as Acting MD effective Jan 30, 2026 (MarketScreener confirmed permanent appointment effective same date). NCRL rating AA/ST-2 valid until June 23, 2026 per Bangladesh Bank ECAI list for 2025-26 (secondary search result; primary NCRL URL not retrieved). DSE market category: Z (as of May 2026) -- reflects financial stress. Zero dividend for FY2024. Wikipedia states rebranding was February 2026; TFE article confirms February 10, 2026 effective date. verification_status=partial because NPL ratio, CAR, ROA, ROE, and employee count not confirmed from primary source; employee_count bankerbd snippet of 821 considered unreliable and excluded. [Correction 2026-05-20: total_loans_bdt set to NET investments (Tk 203,616 mn) for consistency with the net-basis total_assets and the BRAC exemplar; gross investments were Tk 276,736 mn.]
Sources
- https://www.dsebd.org/displayCompany.php?name=STANDBANKL
- https://stockanalysis.com/quote/dse/STANDBANKL/financials/balance-sheet/
- https://stockanalysis.com/quote/dse/STANDBANKL/financials/
- https://www.standardbankbd.com/BoardofDirector.php
- https://www.standardbankbd.com/ManagementCommittee.php
- https://www.standardbankbd.com/CreditRating.php
- https://en.wikipedia.org/wiki/Standard_Bank_PLC.
- https://thefinancialexpress.com.bd/trade/standard-bank-rebranded-as-standard-islami-bank
- https://www.dhakatribune.com/business/banks/402249/md-siddiqur-rahman-takes-charge-as-acting-md-of
- https://www.marketscreener.com/news/standard-bank-plc-appoints-md-siddiqur-rahman-as-the-managing-director-effective-from-january-30-ce7e5adedc8af42c
- https://www.tbsnews.net/economy/corporates/mohammed-abdul-aziz-becomes-chairman-standard-bank-922381
- https://www.tbsnews.net/economy/corporates/standard-bank-holds-26th-annual-general-meeting-1213291
- https://www.tbsnews.net/economy/stocks/standard-bank-tops-gainers-list-after-posting-10-h1-profit-growth-1203781
- https://www.tbsnews.net/economy/stocks/bsec-rejects-standard-banks-plan-raise-funds-thru-bond-1275641
- https://thefinancialexpress.com.bd/stock/bangladesh/standard-bank-and-its-26-year-long-journey
- https://en.bonikbarta.com/business/CjWtvRDWI1Rs9ikV
- https://www.newagebd.net/post/mis/243189/aziz-becomes-standard-bank-chairman