Economic Reporter :
Finance Minister Abul Maal Abdul Muhith on Saturday expressed his firm optimism that Sonali Bank Limited, country’s largest state owned commercial bank, would establish itself as an ideal bank within a couple of years.
“I’ve earlier said that we’ll turn Sonali Bank into an ideal bank. It’s unlikely by 2019. But it’s my firm belief that in a couple of years, it should be again back to such position (ideal bank) to render one of the greatest services to the government and also one of the greatest services to the banking sector,” he said.
The minister was addressing the Annual Meeting-2018 of the Sonali Bank Limited held at the auditorium of Institution of Diploma Engineers, Bangladesh (IDEB) in the city’s Karail area.
State Minister for Finance and Planning MA Mannan, Bangladesh Bank Governor Fazle Kabir, Bank and Financial Institutions Division Secretary Yunusur Rahman spoke on the occasion, presided over by Sonali Bank Ltd Chairman Md Ashraful Moqbul.
Sonali Bank CEO and Managing Director Md. Obayed Ullah Al Masud gave the address of welcome.
Expressing again his dissatisfaction over the weaknesses of the banking
sector, Muhith said: “I’m not at all happy about it and I often admit that
the banking sector has weaknesses,”
But, if the banking sector of 1972-1976 and 1981 is compared with the present context, he, however, said the banking sector is now going through a ‘golden era.’
Echoing with the other speakers, the finance minister said the Sonali Bnak has rebound in 2017 while the year 2018 would be a year of moving forward for the country’s largest nationalized commercial bank.
Referring to the demand of the Sonali Bank chairman of realizing service charges for the Taka 94,000 crore L/C that it opened against the Rooppur Nuclear Power Plant Project alongside necessary steps to address its capital deficit, Muhith said the government would consider these demands with utmost importance and sympathy.
Underscoring the need for properly following the Know Your Customer (KYC) formula, the minister also suggested the bank high ups to properly examine and asses a loan project proposal before giving approval.
Finance Minister Abul Maal Abdul Muhith on Saturday expressed his firm optimism that Sonali Bank Limited, country’s largest state owned commercial bank, would establish itself as an ideal bank within a couple of years.
“I’ve earlier said that we’ll turn Sonali Bank into an ideal bank. It’s unlikely by 2019. But it’s my firm belief that in a couple of years, it should be again back to such position (ideal bank) to render one of the greatest services to the government and also one of the greatest services to the banking sector,” he said.
The minister was addressing the Annual Meeting-2018 of the Sonali Bank Limited held at the auditorium of Institution of Diploma Engineers, Bangladesh (IDEB) in the city’s Karail area.
State Minister for Finance and Planning MA Mannan, Bangladesh Bank Governor Fazle Kabir, Bank and Financial Institutions Division Secretary Yunusur Rahman spoke on the occasion, presided over by Sonali Bank Ltd Chairman Md Ashraful Moqbul.
Sonali Bank CEO and Managing Director Md. Obayed Ullah Al Masud gave the address of welcome.
Expressing again his dissatisfaction over the weaknesses of the banking
sector, Muhith said: “I’m not at all happy about it and I often admit that
the banking sector has weaknesses,”
But, if the banking sector of 1972-1976 and 1981 is compared with the present context, he, however, said the banking sector is now going through a ‘golden era.’
Echoing with the other speakers, the finance minister said the Sonali Bnak has rebound in 2017 while the year 2018 would be a year of moving forward for the country’s largest nationalized commercial bank.
Referring to the demand of the Sonali Bank chairman of realizing service charges for the Taka 94,000 crore L/C that it opened against the Rooppur Nuclear Power Plant Project alongside necessary steps to address its capital deficit, Muhith said the government would consider these demands with utmost importance and sympathy.
Underscoring the need for properly following the Know Your Customer (KYC) formula, the minister also suggested the bank high ups to properly examine and asses a loan project proposal before giving approval.
