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Sonali Bank was established in 1972 under the Bangladesh Banks (Nationalisation) Order, through the amalgamation and nationalisation of the branches of National Bank of Pakistan, Bank of Bahawalpur, and Premier Bank branches located in East Pakistan until the 1971 Bangladesh Liberation War. [10]
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 refers to BDT 37 billion Hallmark Group took as loans from Sonali Bank when Islam was chairman of the bank. [11] Bangladesh Bank recommended the removal of all directors of Sonali Bank but the Minister of Finance Abul Maal Abdul Muhith criticised the recommendation. [12] The Parliamentary Standing Committee on ...
In 1972, after the Bangladesh Liberation War, Sonali Bank was formed by the amalgamation and nationalisation of the National Bank of Pakistan, Bank of Bahawalpur, and Premier Bank branches located in the former East Pakistan. It is the largest state-owned commercial bank in Bangladesh. [106]
Ziaul Hasan Siddiqui was the chairman of Sonali Bank Limited. [1] He is a former deputy governor of Bangladesh Bank. [2] [3] In 2024, he was forced to resign from the position of chairman of Sonali Bank due to allegations of irregularities after the revolution of students in the wake of the quota reform movement in Bangladesh.
Bangladesh Prime Minister Sheikh Hasina's resignation after weeks of violent protests, announced on Monday in a televised address by the army chief, has brought focus once more to the country's ...
The President of the COUNCIL is the Honorable Governor of Bangladesh Bank. The Vice-President is the CEO & Managing Director of Sonali Bank PLC, the largest state-owned commercial bank operating in Bangladesh. The Chief Executive Officer/ Director General of IBB will be appointed by the COUNCIL for 02 (two) years on contractual basis.