Financial Performance Analysis of Sonali Bank limited

Abstract

Sonali Bank Ltd. a corporate branch in Narayanganj, I have a valuable opportunity to get practical experience. This bank is specifically focused on development for many sectors such as business, industry, agriculture, and government. This report focus on doing a financial performance analysis of Sonali Bank Ltd, by using various ratio analyses over the last five years. Mission statement of Sonali bank is “Socially committed leading banking institution with global presence”. The mission is dedicated to extend a whole range of quality products that support divergent needs of people aiming at enriching their lives, creating value for the stakeholders and contributing towards socio-economic development of the country. Sonali Bank provides all general banking services to its clients through its extensive network all over the country. Savings and Current accounts, money transfer through Demand Draft, Pay Order, Mail Transfer, and Telegraphic Transfer etc. are regular functions of this bank. In addition, it receives utility bills from consumers. There are many similar kinds of banks like Rupali bank, Pubali bank, Janata bank. They are also very renowned government banks. But in this particular report I have compared it only with janata bank. The primary objective of SBL is not profit making, as is the case with private commercial banks, but rather to enhance the quality of service provided for the economic growth of the nation