Sonali Bank PLC has announced a significant operational profit of Tk5,634 crore for 2024, marking a Tk1,788 crore increase from the previous year.
The bank also outlined its strategic focus for 2025, which will include enhancing investments in the SME sector and improving service standards.
Managing Director (MD) Shawkat Ali Khan revealed the figures during a press conference at the bank's headquarters on Thursday, highlighting the bank’s resilience despite political instability and challenging business conditions.
In 2024, Khan said, their operating profit reached Tk5,634 crore, which is Tk1,788 crore higher than the previous year.
Sonali Bank's deposits for 2024 stood at Tk1,64,959 crore, reflecting an increase of Tk14,341 crore from the previous year.
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The bank’s loan disbursement reached Tk99,180 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 Tk59 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.