Sonali Bank

Sonali Bank PLC is the largest state-owned commercial bank in Bangladesh and has played a vital role in the country's financial system since its inception. The bank was established in 1972 following the independence of Bangladesh under the Bangladesh Banks (Nationalization) Order. It was formed through the amalgamation of the local branches of the National Bank of Pakistan, Bank of Bahawalpur and Premier Bank that were operating in East Pakistan before independence. At the time of its establishment, Sonali Bank started with a modest capital base but quickly expanded its operations across the country. Over the years, it has grown into the largest banking network in Bangladesh with extensive branches in both urban and rural areas. In 2007, the bank was corporatized and transformed into a public limited company, later renamed Sonali Bank PLC to align with modern corporate structures.

Throughout its history, Sonali Bank has played a significant role in supporting government financial activities and national economic development. It acts as an agent of the central bank for various treasury functions, including the collection of taxes, stamp duties and government fees, as well as disbursing salaries and pensions to public sector employees. The bank has also contributed to socio-economic development by financing projects, such as, poverty alleviation programs, agricultural credit schemes and special loan initiatives for women and rural entrepreneurs. Its large international network, including correspondent relationships with hundreds of foreign banks, has enabled it to handle foreign trade and remittance transactions efficiently.

Sonali Bank PLC offers a wide range of banking services covering almost every sector of the economy. Its services include retail banking such as savings accounts, current accounts, fixed deposits and consumer loans; corporate and project financing to support industries and large businesses; and SME and agricultural financing to promote small and medium enterprises and rural development. The bank is also heavily involved in international trade finance, foreign exchange services and remittance operations, helping facilitate global business transactions. In addition, Sonali Bank provides modern banking facilities such as ATM services, online banking and digital payment systems, along with Islamic banking services through selected branches.

In conclusion, Sonali Bank PLC stands as a cornerstone of Bangladesh's banking sector with a long and impactful history. Through its extensive network, diverse services and strong involvement in government and development activities, the bank continues to contribute significantly to the country's economic growth and financial stability while adapting to modern banking technologies and customer needs.

Registered Name	Sonali Bank PLC
Legal Status	Public Limited Company
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Established	1972
Type	Public Bank
Category	Commercial Bank
Origin	Local Bank
Services	Corporate Banking Project Finance SME Finance Consumer Credit International Trade Trade Finance Loan Syndication Foreign Exchange Dealing Rural and Micro credit NGO-Linkage Loan Investment Government Treasury Function Money Market Operation Capital Market Operation Remittance Locker
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Corporate Address	35-42, 44 Motijheel Commercial Area, Dhaka 1000, Bangladesh.
Telephone	+880 2 9550426-31, 33, 34, 9552924
Fax	+880 2 9561410, 9552007
Call Center	16639, +880 96100 16639
E-mail Address	info@sonalibank.com.bd
Website	www.sonalibank.com.bd
SWIFT Code	BSONBDDH
Code	200
Service Hours	Sunday: 10:00 am - 4:00 pm Monday: 10:00 am - 4:00 pm Tuesday: 10:00 am - 4:00 pm Wednesday: 10:00 am - 4:00 pm Thursday: 10:00 am - 4:00 pm Friday: Closed Saturday: Closed
Rate this Bank	Rating 2.7, based on 851 votes.