The largest state-owned Sonali Bank PLC announced a significant operational profit of Tk5,634 crore in 2024, which was Tk Tk1,788 crore more than that of the previous year.
The announcement was made at a press conference by the bank's Managing Director (MD) Shawkat Ali Khan at a press conference at the bank's headquarters on Thursday. He highlighting the bank's resilience in the year despite political unrest and challenging business conditions.
The Managing Director revealed that the bank's loan disbursement reached Tk 99,180 crore, although the outstanding figure saw a slight decrease due to adjustments made with government institutions at the end of the year.
The bank's advance-to-deposit ratio is currently at 60 percent. Sonali Bank recovered Tk1,170 crore from non-performing loans and Tk 59 crore from classified loans in 2024, Khan added.
In response to a query, Khan mentioned that the bank is pursuing legal action to recover loans from major defaulters, including Hallmark and TM Brothers Group.
"As the Sonali Bank has a strong trust of people, we hope to make the New Year 2025, a year of service for people especially the clients," Khan said.
To increase the quality of service, the officers who were deprived of promotion for 5 to 8 years were losing interest in their work, he said adding " Initiatives have been taken to promote 2500 such officers and make them focus on their work."
In response to a query, Khan mentioned that the bank is pursuing legal action to recover loans from major defaulters, including Hallmark and TM Brothers Group.
