Finance Minister AHM Mustafa Kamal yesterday asked the Sonali Bank officials and staff to exploit its potentials and opportunities as a major state-owned financial institution, delivering better services to its clients.
“I hope that you’ll move forward this Bank (Sonali) in a much more perfect
way. Hope you’ll be successful, Insha Allah,” he said opening the Bank’s annual conference 2020 at the Bangabandhu International Conference Center (BICC) in the capital.
The minister particularly directed the Sonali Bank officials to address the issues of people financially lagging behind devising ways for their inclusion in the mainstream of national economy.
Bangladesh Bank Governor Fazle Kabir, Senior Secretary of the Financial Institution Division Md Ashadul Islam and Sonali Bank Ltd Chairman Md Ziaul Hasan Siddiqui spoke on the occasion while the bank’s Managing Director and CEO Md Ataur Rahman Prodhan delivered the welcome address.
Kamal said Sonali Bank was an institution having immense potentials and opportunities which it should use properly in the coming days.
He said the government expected the bank to do so to supplement its endeavors for fulfilling the unfinished tasks of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.
Bangladesh Bank Governor described the leading financial institution as the country’s “iconic bank” saying because of its stake in the financial sector it had huge responsibility for keeping the momentum of the economic growth and size.
Kabir suggested the senior Sonali Bank officials to diversify their focus instead of concentrate on any particular sector, discarding their fears in disbursing loans laying an extra emphasis on manufacturing sector.
He, however, asked bank officials to take tougher stance against Non Performing Loans (NPLs) but acknowledged that the current NPL scenarios was not unusual compared to the situation in neighboring
countries.
According to the central bank the overall NPL in December last was 9.32 per cent while the net NPL was around 1.5 per cent.
The central bank Governor also urged the Sonali Bank
officials to discharge their duties properly as well as to play their supporting role towards attaining the development goals.
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Prime Minister Sheikh Hasina yesterday placed a five-point proposal for further development of the country’s potential small and medium enterprise (SME) sector as she inaugurated the ‘8th… 
Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.
Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.
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