BASIC Bank’s Business Review Meeting-2025 held

State-owned BASIC Bank Limited held the Business Review Meeting—2025 on Saturday, August 30, 2025, at Mukti Auditorium, Biddut Bhaban in the Capital. Helal Ahmed Chowdhury, Chairman of the bank's Board of Directors, inaugurated the conference as Chief Guest.

Md. Quamruzzaman Khan, Managing Director & CEO of the Bank, presided over the meeting and delivered the welcome speech, according to a press release.

Sheikh Farid, Joint Secretary of FID, Ministry of Finance and Md. Abdul Ahad, Additional Secretary (Rtd.), Directors of the Bank and Md. Sirajul Islam, Executive Director of Bangladesh Bank and Observer of BASIC Bank’s Board, were present as the Special Guest.

Among others, Abu Md. Mofazzal and Subhash Chandra Das, Deputy Managing Directors, along with 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, General Managers, Branch and Sub-Branch In-charges, and Divisional In-charges of the Bank were also present at the conference.

Helal Ahmed Chowdhury, Chairman of the Board of Directors of BASIC Bank Limited, delivered a comprehensive speech emphasising on the business advancement through the formulation of a forward-looking strategic plan and its proper implementation. Mr. Chowdhury gave special instructions on strengthening loan recovery efforts and expediting the legal procedures, enhancing operational efficiency, the mobilisation of deposits, compliance of all regulatory instructions, maintenance of high ethical standard, human resources development through massive training, and ensuring quality customer services.

Sheikh Farid discussed at length about the modalities of salvaging the bank from present position and sight example of Japan about their ethical standard. He expressed about the intention of Govt. in salvage up this bank since it was a very good bank and can be turned around.

Md. Sirajul Islam mentioned the changes taking place in the auditing system, which will be RBS (Risk-Based Supervision) and other supervision to enhance it to an international level and standard.

Md. Abdul Ahad gave emphasis on corporate governance, deposit mobilisation and strong recovery of loans from the defaulters. He also mentioned how to follow up the money lawsuit cases.

Md. Quamruzzaman Khan, Managing Director & CEO of the bank, welcomed all managers at the program and urged them to fulfil the given targets and comply with all regulatory compliances strictly. He emphasises on the day-to-day completion of work and improves the customer service. He also advised the managers to work strategically for the fulfilment of targets. 

Other necessary guidance and instructions on other strategies of the Bank were also given to the managers at the business meeting. It is worth mentioning that BASIC Bank is improving gradually and its liquidity position is sound both local and foreign currency.