SABINCO, a non-depository Financial Institution, was established in 1984.
SABINCO has so far approved/facilitated 153 industrial ventures/investments and made commitment of Taka 23,903 million, in the private sector in Bangladesh from its own financial resources.
SABINCO since inception has been contributing in employment generation and industrial enterprises promotion.
SABINCO has played a pivotal role in the development of the Fisheries sector in Bangladesh by financing the first Balanced Fish and Poultry Feed Mill in the country and introducing the industrial scale Fish-Farming (grow out).
The first commercial shrimp hatchery (Black Tiger) in the country was financed by SABINCO.
SABINCO promoted two pioneering clinker-based cement manufacturing industries in 1990 and 1991 which acted as a catalyst in the establishment of private sector cement industry in the country.
SABINCO has so far approved Taka 2,812 million in 21 power projects having total capacity of 1,468 MW in syndication with other lenders since 2005.
SABINCO’s cumulative dividend payment to its shareholders, surpassed the paid up and authorized capital of Taka 2,106.08 million in 2014.
SABINCO continues to make significant contribution to the National exchequer as income tax (1995-2011) and dividend since inception as mentioned below:
Taka 1,345.26 million paid as Income Tax to the Government of the People’s Republic of Bangladesh for the period 1995-2011 (Not covered by tax exemption privileges).
Taka 2,047.85 million paid as Dividend, to the Government of the People’s Republic of Bangladesh.
US $ 27.03 million (Taka 2,047.85 million) remitted to the Government of the Kingdom of Saudi Arabia as Dividend.
SABINCO, in June 2012, completed its own office building at Nikunja-2, Dhaka-1229.
Automation fully operational since 2017 – SABINCO’s new automation solution consisting of SAGE ERP (Enterprise Resource Planning) integrated with a locally developed Loan Management System (LMS), today provides efficient and cost effective solution as compared to investments made by peers for this capacity.
