However, Sonali Bank managing director Ataur Rahman Prodhan said the bank was pursuing every effort to recover the money. “We have filed cases with the Artha Rin Adalat (also known as the money loan court) against the defaulted loans of Hallmark. The managing director of Sonali Bank, Ataur Rahman Prodhan, highlighted the success of the bank in the year gone by. Ataur said about Tk3,000 crore, out of the Bank’s total Tk10,753 crore non-performing loans (NPLs), were stuck with Hallmark. Mentioning the progress of the bank, Ataur Rahman Prodhan said Sonali Bank had managed to reduce defaulted loans by Tk1,460 crore to Tk10,753 crore till June this year, from Tk12,213 crore a year earlier.

Source: Dhaka Tribune August 27, 2020 15:11 UTC