Star Business Report
Fri Mar 25, 2022 12:00 AM Last update on: Fri Mar 25, 2022 03:47 AM
A view of the Sonali Bank headquarters in Motijheel, Dhaka. Sonali Bank is still haunted by ghosts of the Hallmark scam between 2011 and 2012, when Tk 2,686 crore was siphoned off from the state-run lender using forged documents.
Photo: Amran Hossain
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A view of the Sonali Bank headquarters in Motijheel, Dhaka. Sonali Bank is still haunted by ghosts of the Hallmark scam between 2011 and 2012, when Tk 2,686 crore was siphoned off from the state-run lender using forged documents.
Photo: Amran Hossain
Sonali Bank is yet to be free of hesitation over its ability to smoothly disburse loans following the Hallmark Group loan scam, one of the worst financial scandals perpetrated in the country between 2011 and 2012.
The bank should strengthen its financial health by further reducing its default loan rate, analysts said at a conference organised by the lender to mark its 50th anniversary at the Bangabandhu International Conference Centre in Dhaka yesterday.
For all latest news, follow The Daily Star’s Google News channel. Fazle Kabir, governor of Bangladesh Bank, said many officials of the state-run lender are still afraid of disbursing loans in the aftermath of the Hallmark Group scam.
“But there is no reason for unpleasant emotion if the process of loan disbursement is followed with due diligence,” he added.
Bangladesh Bank unearthed the more than Tk…
