Operating profit of the country’s largest state-run commercial bank Sonali Bank rose to  Tk 22.05 billion in calendar year 2021 from Tk 21.53 billion in 2020. 

At the same time, the classified loan of the bank also came down to 14.14 percent at the end of 2021, which was 4.23 percentage points less than that of the previous year, according to the data of the bank.

“We have been working hard even in the pandemic to reduce the burden of the classified loan and we have succeeded to some extent. If all our plans work well, we will be able to reduce it to a single digit by end of this year,” a Sonali Bank release quoted him as saying. 

“Providing world class service is our first priority,” he commented.  The loans and advances of the bank increased to Tk 693.17 billion last year, up by Tk 106.94 billion than that in the previous year, the bank data showed.

Meanwhile, the bank's deposits jumped into Tk 1343.07 billion, the highest deposit among all banks in the country, Ataur informed. 

“The bank has attained a satisfactory operating profit in the outgoing year amid a slower growth both in foreign trade as well as in private sector credit due to the coronavirus pandemic,” the bank Chairman Ziaul Hasain Siddiqui said.

Sonali Bank’s achievement is the output of the efforts of its hardworking officers and employees’ working in the field level across the country, the chairman added.

Moreover, the bank’s subsidiary company, Sonali Exchange Company also made a profit of one million USD in the last year, the bank said.