Sonali Bank to go for market-based banking

Sonali Bank Limited is likely to move towards market-based banking system instead of traditional banking, following its conversion into a public limited company from nationalised commercial bank.
Chief Executive Officer (CEO) and Managing Director SA Chowdhury Wednesday urged his colleagues to go for the market-based banking, while addressing the bank's Dhaka divisional conference at the head office.
He called upon the bank executives to make sincere efforts “right from this moment” to achieve the business goal of the year 2008.
Chowdhury also stressed the need for quick delivery of foreign remittance to their beneficiaries.