Stated-Owned Sonali Bank Limited has invested Tk 500 crore in the Investment Cooperation of Bangladesh to revitalize and stabilize the country’s share market.
In this regard, Mujibur Rahman, deputy managing director of Sonali Bank, said adequate investment was needed for the development of the country and the capital market was one of the prime areas for investment, said a press release.
He also said, without the development of capital market, it is almost impossible to implement long-term plans and mega projects of the country.
“Therefore, Sonali bank is playing an important role in various ways for a sustainable capital market,” he added.
The bank has been playing an important role in the capital market through financing its own subsidiary Sonali Investment Limited and state-owned ICB at different times.
