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First Security Islami Bank PLC has a strong financial foundation, with a paid-up capital of Tk. 15,000 million as of 2022.
The bank's financial performance is impressive, with a net operating income of Tk. 2,434 million in 2021.
Its total assets stood at Tk. 233,111 million as of 2022, indicating a significant growth in its business operations.
The bank's net interest income was Tk. 1,934 million in 2021, contributing a substantial portion to its overall revenue.
Management and Ownership
First Security Islami Bank PLC has a strong management team, with Syed Waseque Mohammad Ali serving as the CEO since 2014-11-18.
The bank's management team includes Mohammed Mustafa Khair as the Director of Finance/CFO, who took on the role on 2019-06-30.
Rafiq Ul-Alam is the Compliance Officer, and Oli Kamal is the Investor Relations Contact, who is 44 years old.
Mohammed Abdul Aziz has been a Corporate Officer/Principal since 1998-12-31.
Here's a brief look at the bank's management team:
Managers:
The CEO of First Security Islami Bank PLC is Syed Waseque Mohammad Ali, who has been in the role since November 18, 2014.
Syed Waseque Mohammad Ali's leadership has been instrumental in shaping the bank's direction.
The Director of Finance/CFO is Mohammed Mustafa Khair, who took on the role on June 30, 2019.
Mohammed Mustafa Khair brings a wealth of experience to his position, overseeing the bank's financial operations.
The Compliance Officer is Rafiq Ul-Alam, although his age and start date are not publicly available.
The Investor Relations Contact is Oli Kamal, who is 44 years old.
Mohammed Abdul Aziz has been a Corporate Officer/Principal since December 31, 1998.
Here's a brief overview of the Managers:
Shareholders:
The shareholders of First Security Islami Bank PLC hold a significant amount of power in the company.
Farzana Parveen is the largest shareholder, owning 55,813,490 equities which account for 4.620% of the company's valuation, valued at 2 million BDT.
Atikur Nessa is another prominent shareholder, holding 52,616,155 equities, representing 4.355% of the company's valuation, also valued at 2 million BDT.
Mohammed Alam owns 49,610,066 equities, making up 4.106% of the company's valuation, also valued at 2 million BDT.
These top shareholders have a combined 161,039,711 equities, accounting for 12.082% of the company's valuation.
Here's a breakdown of the top shareholders:
Hassan Mohammad Abdullah and Khandkar Iftekhar Ahmad also hold significant shares, owning 26,193,116 and 24,972,674 equities respectively, both valued at 1 million BDT.
Commercial
Commercial banks play a crucial role in managing and owning assets, as evident from the recent market trends.
The average performance of commercial banks is a mixed bag, with some notable standouts.
FIRST SECURITY ISLAMI BANK PLC has seen a 0% change in the last 5 days, while AGRICULTURAL BANK OF CHINA LIMITED has dropped by 1.38% in the same period.
ICICI BANK LIMITED, on the other hand, has seen a significant increase of 2.26% in the last 5 days. PT BANK CENTRAL ASIA TBK has, however, experienced a decline of 2.60% in the same period.
Here's a brief snapshot of the top 10 commercial banks' performance:
The weighted average performance of commercial banks is also worth noting, with a -0.15% change in the last 5 days.
Frequently Asked Questions
How many branches does First Security Islami Bank have?
First Security Islami Bank has a total of 178 branches in Bangladesh. You can find a list of all branches by district or location on our website.
Sources
- https://www.marketscreener.com/quote/stock/FIRST-SECURITY-ISLAMI-BAN-20706586/company/
- https://wise.com/gb/swift-codes/FSEBBDDHAGR
- https://www.thedailystar.net/business/news/now-first-security-islami-bank-freed-s-alams-grip-3692306
- https://simplywall.st/stocks/bd/banks/dse-firstsbank/first-security-islami-bank-shares
- https://simplywall.st/stocks/bd/banks/dse-firstsbank/first-security-islami-bank-shares/past
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