SB treasury services to spread across Dhaka, Ctg cities

Dhaka,  Sat,  23 September 2017
Published : 13 Aug 2017, 23:58:17
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SB treasury services to spread across Dhaka, Ctg cities

FE Report


State-owned Sonali Bank has planned to expand its treasury services across Dhaka and Chittagong cities, aimed at making the services easily available to the neighbourhood of the dwellers.

The bank would bring the entire areas of Dhaka South City Corporation (DSCC), Dhaka North City Corporation (DNCC) and Chittagong City Corporation (CCC) under the treasury operations, considering that it will help cut both the cost and time for the service recipients, officials said.

SB treasury services to spread across Dhaka, Ctg citiesThey said the bank recently sought the central bank's permission to allow it for providing the services from all the branches in the cities, including the ones presently not operating treasury functions.

"We have sought Bangladesh Bank's permission to operate treasury activities from all the branches in DSCC, DNCC and CCC," a senior official at the treasury wing of Sonali Bank told the FE.

Currently, the bank has 603 treasury branches, including 58 chest and eight sub-chest branches, out of the total 1210 branches across the country.

In the Dhaka north and south city corporation areas, only half (61) of the total 122 branches provide treasury services. In Chittagong City Corporation area, 22 out of 35 branches operate treasury functions.

Officials said that the clients or people now have to deposit Chalans with the existing treasury branches, which in many cases would be far from ones neighbourhood and would require more time and money.

On the other hand, they added, proper services could not be provided to the clients due to limited number of treasury branches. Besides, operational activities of the branches are also being hampered sometimes.

"We received a letter from the Sonali Bank on operating treasury activities," a senior official at the BB said.

Sonali Bank collected over 3.5 million Chalans through the existing treasury branches of the bank in the first six months of 2017, according to the bank sources.

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