Sonali Bank

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Sonali Bank (Bangla: সোনালী ব্যাংক) is a state-owned commercial bank in Bangladesh.[1] It is the largest bank of the country.[2][3]

Contents

[edit] History

Sonali Bank was established in 1972 under the Bangladesh Banks (Nationalisation) Order, through the amalgamation and nationalisation of the branches of National Bank of Pakistan, Bank of Bhowalpur and Premier Bank branches located in East Pakistan until the 1971 Bangladesh Liberation War. When it was established, Sonali Bank had a paid up capital of 30 million taka. In 2001, its authorised and paid up capital were Tk 10 billion and Tk 3.272 billion respectively. The bank's reserve funds were Tk 60 million in 1979 and Tk 2.050 billion on 30 June 2000.

[edit] Branches

Sonali Bank has a total of 1186 branches [1]. Out of them, 488 are located in urban areas, 696 in rural areas, and 2 are located overseas. It also operates the Sonali Exchange Company Inc. in USA and Sonali Bank (UK) Ltd., United Kingdom, to facilitate foreign exchange remittances.

[edit] References

  1. ^ Overview of the Bank. Sonali Bank (2005). Retrieved on 2007-07-14. “Sonali Bank, the largest & leading commercial bank of the country ...”
  2. ^ "Corporatisation not a panacea for NCBs' problems", The Financial Express, 2007-06-19. Retrieved on 2007-07-14. "For example, Sonali Bank, the largest bank in the country ..." 
  3. ^ "Bangladeshi bank allowed back in Britain", BBC, 2001-11-29. Retrieved on 2007-07-14. "Bangladesh's largest commercial bank, the Sonali Bank ..." 

[edit] External links

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