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In an effort to strengthen the recovery of non-performing loans (NPLs), state-owned BASIC Bank Limited organized a seminar on "Non-Performing Loan (NPL) and Liability Management" on Monday, February 17, 2025.
The seminar was held at the bank’s training institute in the capital and brought together board members, senior executives, and bank’s internal task force team leaders to discuss strategic approaches to loan recovery and risk mitigation, procurement of deposits, providing SME loans, good customer services, etc, according to a media release.
Mr. Helal Ahmed Chowdhury, Chairman of the bank’s Board of Directors, attended as the Chief Guest, while Managing Director & CEO Md. Quamruzzaman Khan presided over the seminar and delivered the welcome speech.
The event was also graced by esteemed board members, including Dr. Nahid Hossain, Dr. Md. Abdul Khaleque Khan (Freedom Fighter), Md. M. Latif Bhuiyan, and Md. Rafiqul Islam, who attended as special guests.
The principal of the training institute Iftekhar Ahmed spoke on the occasion.
Among others, Abu Md. Mofazzal, Deputy Managing Director, and General Managers—including Md. Ismail, Md. Momenul Hoque, Md. Nashir Uddin, Sumit Ranjan Nath, Md. Hasan Imam, Dulon Kanti Chakrabarty, Md. Ghulam Syeed Khan, and Md. Saidur Rahman Sohel—were present.
Notably, the heads of the newly formed 30 bank’s internal task forces for NPL recovery also participated, underscoring the bank’s commitment to resolving its classified loan issues, improving further fund positions, customer services, and other issues of daily banking activities.
During his address, Mr. Helal Ahmed Chowdhury stressed the urgency of accelerating efforts to recover classified loans, highlighting the critical role of the bank’s 30 internal task force team leaders in this endeavor. He urged officials to go for exclusive negotiations with the prospective defaulted borrowers under the cover of prudential guidelines of the regulators and expedite legal procedures to ensure the smooth execution of the NPL recovery process.
Mr. Chowdhury also stressed strict compliance of regulatory instructions and ethical standard. He impressed upon the officials to change the mindset for improving the image of the bank by providing excellent customer services.
Dr. Nahid Hossain, Director of the bank spoke on the recovery pursuing the expeditious disposal of legal issues.
He also explained the different matrix of interest, exchange rate etc. regarding its impact on the enhancement of loan classifications and their remedial measures.
Dr. Md. Abdul Khaleque Khan (Freedom Fighter), Director of the bank spoke about the locating and pursuing with respective agencies for recovery of bad loans. He also stressed the good customer services.
Md. M. Latif Bhuiyan, Director of the bank started with recovery drives, and actions of task force members, quick disposal of court cases, and procurement of CASA deposits and compliance of regulatory norms, requirements, KYC etc.
Md. Rafiqul Islam, Director of the bank focused on recovery of classified loans and enhancing the image of the bank by providing good customer services to government corporations, private individuals, and the public in general.
Md. Quamruzzaman Khan, Managing Director & CEO, in his speech urged everyone to work with the visionary zeal to change the present position of the bank to a prestigious one. He elaborated the modus operandi of the activities of the task forces for successful outcome.
The seminar also featured discussions on loan risk assessment, with speakers emphasizing the importance of strict due diligence in borrower selection and mortgage evaluation to mitigate future loan defaults, the release adds.