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In 2008, Sonali Bank had a loss of nearly 40 billion taka but the managing director of the bank, S. A. Chowdhury, predicted the bank can make a profit within five years. [11] On 22 May, BM Bakir Hossain, top union official of the Sonali Bank Employees Union, was sentenced to 13 years' jail and fined 1 million taka for corruption. [ 13 ]
Md. Afzal Karim is a Bangladeshi banker and former managing director of Sonali Bank Limited. [1] [2] Sonali Bank is the largest state owned bank in Bangladesh. [3] He is the former managing director of Bangladesh House Building Finance Corporation. [4] He was the chairperson of the executive committee of Bangladesh Foreign Exchange Dealers ...
Bangladesh Bank is the central bank of Bangladesh and the chief regulatory authority in the banking sector. According to the Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka Branch of the State Bank of Pakistan as the central bank of the country and named it Bangladesh Bank with retrospective effect from 16 ...
The Hallmark-Sonali Bank loan scam is a massive loan fraud that took place in Bangladesh between 2010 and 2012. State owned Sonali Bank's Ruposhi Bangla Hotel branch lent over 35 billion Bangladeshi taka ($454 million as of 2011) based on falsified documents. Little-known company Hallmark Group received the majority, nearly Tk 27bn ($344M ...
The Anti-Corruption Commission stopped its investigation into Islam and other former board members of Sonali Bank over the Hallmark-Sonali Bank Loan Scam in 2013 and 2014. [11] [14] The commission had investigated and questioned him and 11 directors of Sonali Bank. [15] [16] The board of directors had blamed Islam over the scam. [17]
Pages in category "Banks of Bangladesh with Islamic banking services" The following 19 pages are in this category, out of 19 total. This list may not reflect recent changes .
The Institute of Bankers was registered on the 6 February 1973 as an association under the Societies Registration Act, 1660 (Act No. XXI of 1660). [2] Before that some eminent bankers and other professionals decided, in a meeting held on 26 July 1972, to establish the institute as a professional body of banks and financial institutions in Bangladesh.
Masud joined Agrani Bank in 1983 as a senior officer. [2] In 2011, Masud became the Deputy Managing Director of Agrani Bank. [2] He then worked as the Managing Director of Karmasangsthan Bank. [3] From 24 August 2016 to 24 August 2019, Masud was the Managing Director of Sonali Bank. [2] During his term he worked on recovering defaulted loans.