State Bank of India, Bangladesh Operations

All financial data sourced from the FY2024 audited financial statements of State Bank of India, Bangladesh Operations (year ended 31 December 2024), audited by Anil Salam Idris & Co., Chartered Accountants, Dhaka, signed 26 February 2025. Document URL: https://bd.statebank/documents/796677/797150/Audited+Financial+as+on+31.12.2024+%28Updated+and+Final%29.pdf. All figures are Bangladesh-branch-only (solo entity, combined DBU + OBU per BRPD Circular No. 02), not consolidated global SBI Group. Balance Sheet (31 December 2024): - total_assets_bdt: 42,505,568,762 (total of all balance sheet items, from the audited balance sheet) - total_deposits_bdt: 19,068,379,479 (line 'Deposit and other accounts' from balance sheet liabilities) - total_loans_bdt: 12,532,440,848 (line 'Loans, advances and leases' from balance sheet assets; includes both DBU and OBU portfolios) - paid_up_capital_bdt: 6,314,419,178 — 'Fund deposited with Bangladesh Bank', the statutory capital equivalent for FCB branches under Section 13(3) of the Bank Companies Act 1991 Profit and Loss (year ended 31 December 2024): - net_profit_bdt: 2,308,472,989 (profit after taxation = profit before tax BDT 3,817,454,391 minus current tax BDT 1,493,909,322 minus deferred tax BDT 15,072,080) - Total operating income: BDT 4,452,141,559 - Total provision: negative BDT 3,404,726 (net release of provisions — asset quality improved) NPL Classification (Note 8.8): - Sub-standard: BDT 55,578 - Doubtful: BDT 23,526,978 - Bad/Loss: BDT 4,739,330 - Total classified (npl_bdt): BDT 28,321,886 - npl_pct: 28,321,886 / 12,532,440,848 × 100 = 0.226%, rounded to 0.23%; extremely low NPL ratio consistent with SBI Bangladesh's conservative credit book dominated by investment-grade corporates and trade finance Capital Adequacy (Note 15.1, Basel III): - Tier 1 (Core Capital): BDT 20,340,399,075 - Tier 2 (Supplementary Capital): BDT 647,465,693 - Total Regulatory Capital: BDT 20,987,864,768 - Total RWA: BDT 30,357,851,076 - CRAR: 20,987,864,768 / 30,357,851,076 = 69.13% (confirmed by note) - cet1_ratio_pct: null — CET1 specifically is not separately disclosed in the note; the Tier 1 ratio is 20,340,399,075 / 30,357,851,076 = 67.00%, but the audited statements do not separately label a CET1 sub-component, so null is used per integrity rules - The 69.13% CRAR appears extraordinarily high because SBI Bangladesh's equity base (accumulated retained earnings BDT 14.03 billion + deposited fund BDT 6.31 billion = BDT 20.34 billion Tier 1) is large relative to its on-balance-sheet loan book (BDT 12.53 billion); RWA is dominated by off-balance-sheet credit risk (trade guarantees, letters of credit) Computed ratios: - return_on_assets_pct: 2,308,472,989 / 42,505,568,762 = 5.43% (computed, not from financial highlights row) - return_on_equity_pct: 2,308,472,989 / 20,427,815,383 = 11.30% (computed using year-end equity; average equity would give a slightly different figure but average equity is not separately stated) Branch network (Note 1.2): - Dhaka Branch (Motijheel, main): commenced 5 May 1975 - Gulshan Branch, Dhaka: additional branch - Chittagong Branch: confirmed - Sub-branch: 1 (per website network page) - Khulna Branch: referenced in some sources but not confirmed in audited financials as of FY2024; branch_count=3 per most recent confirmed sources - OBU: 2 Offshore Banking Units (Dhaka, Chittagong) - atm_count: 2 per Note 3.22.6 in the audited financial statements md_ceo: Amit Kumar — listed as Country Head of SBI Bangladesh on the SBI Bangladesh website 'About Us' page (https://bd.statebank/web/guest/about-us). md_ceo_since: null — appointment date not found in public sources as of 2026-05-20. Note: SBI Bangladesh's senior leadership role is 'Country Head', not 'MD & CEO'; this is standard for FCB branches which are not separately incorporated entities. rating_long_term: AAA — ALPHA Credit Rating Ltd. (one of Bangladesh's domestic ECAIs). Per Note 3.22.12 of the FY2024 audited statements, the most recent rating row available is Jan–Dec 2023 (AAA / ST-1). The FY2024 rating renewal (validity Jan–Dec 2024 or 2024–2025) is not confirmed in the published audited statements or in web sources retrieved as of 2026-05-20. rating_as_of set to 2023-12-31 (end of last confirmed rating period). Rating is consistent across 2021–2023 (AAA in all years). employee_count: null — not disclosed in the FY2024 audited financial statements or in web sources retrieved. authorized_capital_bdt: null — not applicable for FCB branch structure. agent_banking_outlets: null — SBI Bangladesh does not operate agent banking per its network page. verification_status: 'verified' — Primary audited financial statements (FY2024, signed 2025-02-26, Anil Salam Idris & Co.) provide all key financial metrics directly. Two independent primary sources cross-checked (audited PDF + SBI Bangladesh website for network/leadership).