Sonali Bank PLC reported a substantial operating profit of Tk5,634 crore in 2024, showcasing remarkable resilience in a challenging year for the banking sector. This marks an increase of Tk1,788 crore compared to the previous year stated in a report.
The bank’s deposit volume reached Tk164,959 crore by December 2024, reflecting a rise of Tk14,341 crore from the previous year. Operating income, which includes net interest and non-interest income, contributed significantly to this growth. The loan portfolio stood at Tk99,180 crore, with an advance-deposit ratio of 60%.
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The bank recovered Tk1,170 crore from non-performing loans and Tk59 crore from classified loans. It also outlined efforts to recover loans from defaulters, emphasizing legal measures to address major defaults and focusing on borrowers with a strong financial outlook.
Looking ahead to 2025, the bank aims to enhance trust and service, prioritize loan recovery, and invest in productive sectors such as SMEs and exports. Plans are also in place to expand digital banking services and support overall economic growth.
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