A New Nation Report :
In forty-three years of operation, Sonali Bank has emerged as the largest among all banks (nationalized commercial, private commercial and foreign banks) functioning in Bangladesh. Before independence of the country, this bank was known as National Bank of Pakistan. After liberation of the country, all banks were nationalized and their names were changed.
In 1972 Sonali Bank had 4,708 employees in 274 branches all over the country. Its net profit in 1972 amounted to Taka 02 million. In 2013 the net profit rose to Taka 3580 million and in 2014 it nearly doubled to Taka 6,055 million. In 1996 and 1997 the number of branches of Sonali Bank rose to as high as 1313 and after closure of more than a hundred branches through mergers Sonali Bank’s branch network now stands at 1204-the highest among all banks functioning in the country.
The number of employees (officers and staff) of Sonali Bank in 1972 was 4,708 and the number of employees now stands at 19554 (officers) and 2,892 (staff)-22,446 plus.
In addition to having branches in Kolkata and Siliguri in India, Sonali Bank has representative offices in Kingdom of Saudi Arabia’s Riyad and Jeddah and a representative office in Kuwait.
Sonali Bank Limited has seven branches in the United Kingdom. Two of them are in London, one each in Birmingham, Luton, Bradford, Manchester and Camden.
Sonali Exchange Company Incorporated (SECI), USA (a subsidiary of Sonali Bank Limited) has several branches in Manhattan (New York), Brooklyn and Astoria (New York) Jackson Heights, New York, Atlanta (Georgia), Ozone Park (New York), Paterson Branch (New Jersey) Jamaica (New York), Michigan and Bronx (New York).
The scandalous news of Hallmarks Group and some others involving 4,000 crore Taka worth of scam has by now become well known.
Asked how Sonali Bank could earn such a fabulous amount of profit (Taka 6,055 million) in 2014 Sonali Bank’s Managing Director and CEO, Pradip Kumar Dutta, while talking to this correspondent in the morning on October 1 (Thursday) said “Out of Taka 4,000 crore there was a non-funded LC of more or less Taka 1,000 crore and for recovering remaining more or less Taka 3,000 that has been made classified we are making efforts through pursuing a court battle.” There is nothing wrong in showing profit after some loans remain classified, he added.
In forty-three years of operation, Sonali Bank has emerged as the largest among all banks (nationalized commercial, private commercial and foreign banks) functioning in Bangladesh. Before independence of the country, this bank was known as National Bank of Pakistan. After liberation of the country, all banks were nationalized and their names were changed.
In 1972 Sonali Bank had 4,708 employees in 274 branches all over the country. Its net profit in 1972 amounted to Taka 02 million. In 2013 the net profit rose to Taka 3580 million and in 2014 it nearly doubled to Taka 6,055 million. In 1996 and 1997 the number of branches of Sonali Bank rose to as high as 1313 and after closure of more than a hundred branches through mergers Sonali Bank’s branch network now stands at 1204-the highest among all banks functioning in the country.
The number of employees (officers and staff) of Sonali Bank in 1972 was 4,708 and the number of employees now stands at 19554 (officers) and 2,892 (staff)-22,446 plus.
In addition to having branches in Kolkata and Siliguri in India, Sonali Bank has representative offices in Kingdom of Saudi Arabia’s Riyad and Jeddah and a representative office in Kuwait.
Sonali Bank Limited has seven branches in the United Kingdom. Two of them are in London, one each in Birmingham, Luton, Bradford, Manchester and Camden.
Sonali Exchange Company Incorporated (SECI), USA (a subsidiary of Sonali Bank Limited) has several branches in Manhattan (New York), Brooklyn and Astoria (New York) Jackson Heights, New York, Atlanta (Georgia), Ozone Park (New York), Paterson Branch (New Jersey) Jamaica (New York), Michigan and Bronx (New York).
The scandalous news of Hallmarks Group and some others involving 4,000 crore Taka worth of scam has by now become well known.
Asked how Sonali Bank could earn such a fabulous amount of profit (Taka 6,055 million) in 2014 Sonali Bank’s Managing Director and CEO, Pradip Kumar Dutta, while talking to this correspondent in the morning on October 1 (Thursday) said “Out of Taka 4,000 crore there was a non-funded LC of more or less Taka 1,000 crore and for recovering remaining more or less Taka 3,000 that has been made classified we are making efforts through pursuing a court battle.” There is nothing wrong in showing profit after some loans remain classified, he added.
