Hallmark scam hangs heavy over Sonali Bank

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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

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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…

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