Sonali Bank Restructuring Project
Client
Sonali Bank
Sector
Finance and Risk
Country
Bangladesh
Timeline
2004-2007
Project Description
Assist and advise the management and board of the bank in stabilizing the operations of the bank, and developing an operating plan consistent with a cost-effective approach to managing the bank’s operations. Problem areas would be dealt with and the initial management plan would set short-term objectives to be achieved to stabilize the financial condition of the bank and lay the foundation for more far reaching reforms that could be implemented as part of the longer-term resolution strategy. Review of the institution’s condition, rationalization of branches and report on the bank’s treasury functions identifying losses, and recommending viable alternatives for cost effective operations including optimum use of human resources.