Sonali Bank
Sonali Bank is Bangladesh's largest state-owned bank, wholly owned by the Government of Bangladesh, operating 1,234 domestic branches plus 2 overseas branches to provide deposits, lending, trade finance, and foreign exchange services to individuals, businesses, and government entities.
- Company typePublic
- Founded-
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
Sonali Bank firmographics
Firmographics- Name
- Sonali Bank
- Legal name
- Sonali Bank
- Website
- https://sonali-bank.com
- Company type
- Public
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Sonali Bank is Bangladesh's largest state-owned bank, wholly owned by the Government of Bangladesh, operating 1,234 domestic branches plus 2 overseas branches to provide deposits, lending, trade finance, and foreign exchange services to individuals, businesses, and government entities.
- Ownership category
- akta.pro rank
Sonali Bank industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (52211), Commercial Banking (522110), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021), State Commercial Banks (6022)
- akta.pro primary industry
- Public Sector Retail Banks (State-Owned Commercial Banks) (FSABAKAL)
- akta.pro secondary industries
- General SME & Middle-Market Commercial Banking (FSABABAA), SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
Keywords
Where Sonali Bank is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Sonali Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Distribution channels2 records
Sonali Bank product offering
Product offeringCore offering
Sonali Bank is Bangladesh's largest state-owned commercial bank, providing comprehensive retail and corporate banking services including deposit accounts, lending facilities, trade finance, foreign exchange operations, and correspondent banking services. The bank serves individuals, small businesses, corporations, and government entities through an extensive network of 1,234 branches across Bangladesh plus two overseas branches, functioning as a key financial intermediary and government banking partner.
Differentiator
Problem solved
Functional benefit
Products and services
- Retail banking services Deposit accounts, withdrawals, and personal lending products offered to individual customers across Sonali Bank's 1,234-branch network in Bangladesh. Serves the general public for everyday banking and personal finance needs.
- Corporate and commercial banking Business lending, corporate deposits, and financial intermediation services for small businesses, corporations, and commercial enterprises in Bangladesh. Includes working capital financing and corporate banking relationships.
- Trade finance services International trade financing products including letters of credit, trade settlement, and import-export financing for Bangladeshi businesses engaged in foreign trade.
- Foreign exchange operations Currency exchange, foreign currency accounts, and remittance services for customers needing international banking and cross-border transactions.
- Government banking services Banking services for government entities, including treasury operations, government payroll, and state financial transactions, leveraging Sonali Bank's status as a state-owned institution.
- Remittance services Cross-border remittance and correspondent banking services facilitating finance for Bangladeshi businesses and correspondent banks.
Companies that use Sonali Bank
Customer profileSegments1 record
Ideal customer profiles2 records
Sonali Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Sonali Bank partnerships and signals
Strategic signalScale indicators3 records
Sonali Bank competitors and assessment
Company assessmentBroad incumbents
- State Bank of India: India's largest state-owned commercial bank with a massive national branch network and full-service banking including trade finance and remittances. Comparable as a South Asian state-owned banking giant, though at much larger scale and with broader product set.
- Krungthai Bank: Thailand's largest state-owned commercial bank with a dominant branch network and full banking services. Comparable state-owned retail/commercial banking model in an Asian emerging market context.
- Bank Rakyat Indonesia: Indonesia's largest state-owned bank, particularly dominant in micro, SME, and retail banking with an unmatched branch network. Highly comparable as a state-owned Asian bank leveraging scale distribution for financial inclusion.
Direct peers
- BRAC Bank: Major Bangladeshi private commercial bank focused on retail, SME, and corporate banking. Competes with Sonali Bank for deposits, SME lending, and trade finance while serving many of the same corporate and government-related clients.
- Agrani Bank: Bangladesh state-owned commercial bank offering similar deposit, lending, and trade finance services through a national branch network. Direct competitor for government payroll accounts, treasury operations, and SME banking.
- Rupali Bank: State-owned commercial bank in Bangladesh with comparable branch footprint and product set including deposits, lending, and foreign exchange. Direct competitor in the same state-owned banking segment.
- Janata Bank: Another major state-owned commercial bank in Bangladesh with nationwide branch coverage, competing directly with Sonali Bank for government-related banking, SME lending, and retail deposits. Directly comparable as a state-owned peer in the same regulatory and market environment.
- Dutch-Bangla Bank: Leading private commercial bank in Bangladesh with a strong retail and SME franchise. Comparable in core deposit-taking and lending activities, with notable digital banking capability that contrasts with Sonali Bank's branch-heavy model.
- Pubali Bank: One of Bangladesh's largest private commercial banks, offering deposits, SME lending, and trade finance. Comparable product set and customer base, though privately owned, providing a benchmark for non-state-owned banking performance.
Regional players
- Bank of Ceylon: Sri Lanka's largest state-owned commercial bank with full-service banking and an extensive domestic branch network. Comparable South Asian state-owned bank model though operating in a different national market.
Market position
Customer concentration
Sonali Bank social profiles
Digital presenceSonali Bank compliance and trust
Trust signalCompliance3 records
Sonali Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sonali Bank leadership team
Management profileNumber of profiles
Profiles3 records
Sonali Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sonali Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sonali Bank
What does Sonali Bank do?
Sonali Bank is Bangladesh's largest state-owned commercial bank, providing comprehensive retail and corporate banking services including deposit accounts, lending facilities, trade finance, foreign exchange operations, and correspondent banking services. The bank serves individuals, small businesses, corporations, and government entities through an extensive network of 1,234 branches across Bangladesh plus two overseas branches, functioning as a key financial intermediary and government banking partner.
Is Sonali Bank a public or private company?
Sonali Bank is a public company. It is classified as state government owned and is currently operating.
When was Sonali Bank founded?
Sonali Bank was founded in -1. It employs 11 to 50 people.
Where is Sonali Bank based?
Sonali Bank is headquartered in London, United Kingdom, in the Europe region.
Who are Sonali Bank's main competitors?
Broad incumbents on record are State Bank of India, Krungthai Bank and Bank Rakyat Indonesia. Direct peers are BRAC Bank, Agrani Bank, Rupali Bank, Janata Bank, Dutch-Bangla Bank and Pubali Bank. Bank of Ceylon is listed as a regional player.
Does Sonali Bank have an API?
No public API is recorded for Sonali Bank.
What industry is Sonali Bank in?
Sonali Bank's product category is Retail Banking. Its primary akta.pro industry code is FSABAKAL, Public Sector Retail Banks (State-Owned Commercial Banks), with a secondary code of FSABABAA, General SME & Middle-Market Commercial Banking. Its NAICS code is 52211 and its SIC code is 6021.