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Sonali Bank breaks record with operating profit growth

Senior Correspondent | banglanews24.com
Update: 2025-01-02 18:04:24
Sonali Bank breaks record with operating profit growth

Sonali Bank PLC has achieved a record-breaking operating profit of Tk 5,634 crore at the end of 2024, which is Tk 1,788 crore higher than the Tk 3,846 crore reported in 2023.

Managing Director and CEO Md. Shawkat Ali Khan disclosed the information during a press conference held on Thursday (Jan 2), at the bank’s head office in Motijheel.

The bank’s deposits grew to Tk 1,64,960 crore in 2024, an increase of Tk 14,342 crore compared to the previous year. Additionally, the net interest income rose to Tk 1,425 crore, marking a significant growth of Tk 949 crore from Tk 476 crore in 2023.

Classified loans increased by 3.66 percent compared to the previous year, while the total disbursed loans declined by Tk 1,624 crore.

The press conference was attended by deputy managing directors, general managers, and other senior officials of the bank.

BDST: 1803 HRS, JAN 2, 2025
MSK

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