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Although the success of Karmasangsthan Bank is not visible at the national level, this bank has significant success at the institutional level. The bank's NPL ratio is 3.68 per cent and there is no provisioning deficit. Loan disbursement, loan recovery and profit earning increased from the previous year. The speakers at the managers' conference congratulated the bank's board of directors and managers for such success. During this time, the speakers emphasised the creation of entrepreneurs and employment through the distribution of new loans.
The 'Management Conference-2025' of Karmasangsthan Bank was held Sunday on January 19, 2025 at the Mukti Hall of Bidyut Bhaban. The finance advisor of Bangladesh government Dr. Salehuddin Ahmed inaugurated the conference as the chief guest. At the beginning of the programme, a minute's silence was observed in memory of those killed in the anti-discrimination movement.
Chairman of the Board of Directors of the Karmasangsthan Bank. AFM Matiur Rahman chaired the conference. Bangladesh Bank Governor Dr. Ahsan H. Mansur, Secretary of the Finance Department of the Ministry of Finance. Dr. Md. Khairuzzaman Mozumder and Secretary of Financial Institutions Department Nazma Mobarek, Dr. Gazi Md. Saifuzzaman, Director General of Department of Youth Development were present as special guests. Senior officials of the Ministry of Finance, Department of Financial Institutions and Bangladesh Bank were also present.
In the speech of the chief guest. Dr. Salehuddin Ahmed said that the products of the Karmasangsthan Bank are diverse. But not only disbursement of loans, but also effective monitoring of customers. In addition to loan assistance with money, they should introduce friends in distress.
Assuring the necessary cooperation to the Karmasangsthan Bank, the financial adviser further said, "We lack resources but the demand is high." We will support the bank from our side. Besides, I am getting a lot of response from donor organizations. On this occasion, the chief guest announced the auspicious opening of the new loan program "Sancheeta" for the financial inclusion and economic empowerment of women under the advice of Bangladesh Bank and the guidance of the Karmasangsthan Bank Management Board and distributed loan checks to the entrepreneurs.
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Bangladesh Bank Governor Dr. Ahsan H. Mansur said, "Where non-performing loans are the main obstacle in the development of the banking sector, the default loan rate of the Karmasangsthan Bank is only 3.68 percent, which is satisfactory compared to commercial or other banks." When the burden of non-performing loans in the country's banking sector is constantly increasing, this rate of non-performing loans of the Karmasangsthan Bank is truly commendable. Compared to other banks, the Karmasangsthan Bank has done well. He thanked the workers behind such success.
Emphasizing the success of the Karmasangsthan Bank in the small loan program, he further said that there are many challenges in this type of program. Here interest rate is low, net income is low, even taking deposit is not possible. Still, the Karmasangsthan Bank is doing an invisible job.
CMSE is playing an important role in the distribution of loans, the secretary of the finance department said. Dr. Md. Khairuzzaman Mozumder said that the activities of this bank in the CMS sector are transparent compared to other institutions. In this sector, the entire amount has been given as paid up capital in the revolving fund. In this, the financial activities of the bank will be stronger.
Expressing satisfaction with the overall activities of the bank, Secretary of the Financial Institutions Department, Nazma Mobarek said, the bank has provided direct loan assistance to 11 lakh entrepreneurs of which 36 percent are women entrepreneurs. At this time, he expressed hope that more new women entrepreneurs will be created through the bank's new loan program "Sancheeta".
All directors of the Karmasangsthan Bank Management Board, Managing Director of the Bank Arun Kumar Chowdhury, Deputy Managing Director Meher Sultana along with head office promotion officers and all field level department heads, regional managers and branch managers etc. were present in the conference.
The Managing Director in his speech thanked and thanked all the participants on the occasion of the Management Conference-2025. He termed the current year as a year of sustainable development for the bank. For this reason, he called on all the field level to make the bank's progress faster and forward.
At the conference, the crest was handed over to the successful entrepreneur. During this time two borrowers expressed their feelings about the service of the bank and expressed their sincere thanks to the bank for the financial support.