Dear Members
Notice is hereby given that the 65th ANNUAL GENERAL MEETING OF THE SINGAPORE BANK EMPLOYEES’ THRIFT AND LOAN CO-OPERATIVE LTD will be held on Friday, 26th April 2024, at 7 p.m. at #04-03, Pek Chuan Building, 116 Lavender Street Singapore 338730.
Notice is hereby given that AN EXTRA GENERAL MEETING OF THE SINGAPORE BANK EMPLOYEES’ THRIFT AND LOAN CO-OPERATIVE LTD will be held on Friday, 26th April 2024, immediately after the AGM at #04-03, Pek Chuan Building, 116 Lavender Street Singapore 338730.

Thank you.

Overview

Singapore Bank Employees’ Thrift and Loan Co-operative Limited (SBETL) is a non profit co-operative in existence since November 1958. It caters to bank employees till manager level.

It encourages thriftiness among its members by way of compulsory contribution or “subscription”. Dividend is paid on the account based on SBETL’s surplus. For many years now, SBETL has been giving out a dividend of not less than 2%. Withdrawal of the dividend is not possible however as it is part of SBETL’s capital and is only given back to the account holder when he ceases to be with SBETL.