Sonali Bank on Tuesday said that its large amount of defaulted loans was the main obstacle on the bank’s way to surge forward. The bank faced troubles in 2012 due to a financial scam at its Ruposhi Bangla branch, which pushed up the bank’s defaulted loan, Sonali Bank managing director Prodip Kumar Dutta said at a press conference at the bank’s headquarters in the capital.
‘We have plunged into a trouble due to our top defaulters. But, we have already taken different types of measures to recover the defaulted loans,’ he said.
Sonali Bank recovered defaulted loans amounting to Tk 2,550 crore till August, 2013, but it was able to recover only Tk 847 crore in the whole year of 2012, he said.
According to the latest Sonali Bank data, the defaulted loans of the bank stood at Tk 12,471 crore as of June 30, 2013 against Tk 7,023.52 crore as of June 30, 2012.
He said that the Sonali Bank had been fined about Tk 80 crore in 2012 due to Cash Reserve Ratio shortage, but the bank had not been fined on this ground this year.
The bank is now enjoying balanced amount of deposits and liquidity, as the bank is lending between Tk 3,000 crore and Tk 4,000 crore in the call money market every day, he said.
He also requested the media not to publish any report without verifying with the bank.
-With New Age input
