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Sonali Bank Soars: Doubles Client Base, Tops Industry Rankings

2/17/2025

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Summary

Story summary

Sonali Bank revamped its lending strategy after the Hallmark incident, prioritizing government products and interbank lending.
Client base surged to 20 million, doubling in the last ten years.
The bank successfully evaded major frauds that impacted competitors during the Awami League government.
It currently ranks first in deposits, operating profits, and branch count nationwide, despite legacy liabilities.

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Story summary

Sonali Bank revamped its lending strategy after the Hallmark incident, prioritizing government products and interbank lending.
Client base surged to 20 million, doubling in the last ten years.
The bank successfully evaded major frauds that impacted competitors during the Awami League government.
It currently ranks first in deposits, operating profits, and branch count nationwide, despite legacy liabilities.