SONALI BANK PLC

Company Introduction:

Sonali Bank PLC

Nature of Business:

Financial Institution (Commercial Bank)

Details:

Sonali Bank PLC is the largest state-owned commercial bank in Bangladesh. Established in 1972 under the Bangladesh Banks (Nationalisation) Order, 1972, it has since played a crucial role in the nation's financial sector and economic development. The bank offers a comprehensive array of banking products and services, including retail banking, corporate banking, international trade finance, treasury operations, and various deposit and loan schemes. It serves individuals, businesses, and government entities through its extensive network of branches across Bangladesh and its overseas operations.

Classification (Factory or Trader):

Sonali Bank PLC is neither a factory nor a trader. It is a financial institution, specifically a commercial bank.

Sonali Bank PLC, Bangladesh, offers a comprehensive range of banking products and services. These include:

Deposit Products:

Savings Accounts

Current Accounts

Fixed Deposit Receipts FDR

Special Notice Deposits SND

Short Term Deposits STD

Various types of special deposit schemes

Loan Products:

Personal Loans

Home Loans

Car Loans

Business Loans

Agriculture Loans

SME Loans

Industrial Loans

Project Finance

Working Capital Finance

Trade Finance facilities such as Import LCs, Export LCs, Bank Guarantees, Inland Bills Purchase

Foreign Exchange and Remittance Services:

Inward and Outward Remittance facilities

Foreign Currency Accounts

Exchange of foreign currencies

Treasury functions

Digital Banking Services:

Internet Banking

Mobile Banking

ATM Services

POS Services

SMS Banking

Card Services:

Debit Cards

Credit Cards (limited offerings)

Other Services:

Locker Services

Government Treasury Functions

Collection of utility bills

Issuance of Pay Orders and Demand Drafts

Advisory services for investment and trade