Basic Bank holds business review meeting 2025
State-owned BASIC Bank Limited held its Business Review Meeting 2025 on Saturday, 30 August, 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 and chief executive officer of the bank, presided over the meeting and delivered the welcome address.
Sheikh Farid, joint secretary of the Financial Institutions Division under the Ministry of Finance, Md Abdul Ahad, additional secretary (retired) and director of the bank, and Md Sirajul Islam, executive director of Bangladesh Bank and observer of BASIC Bank's board, attended as special guests.
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Among others, deputy managing directors Abu Md Mofazzal and Subhash Chandra Das, as well as general managers 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, along with branch, sub-branch and divisional in-charges of the bank, were present at the meeting.
In his speech, Helal Ahmed Chowdhury emphasised business advancement through a forward-looking strategic plan and its proper implementation. He gave specific instructions on strengthening loan recovery, expediting legal processes, enhancing operational efficiency, mobilising deposits, complying with regulatory requirements, maintaining ethical standards, developing human resources through training, and ensuring quality customer service.
Sheikh Farid discussed measures to improve the bank's current position and highlighted examples of international best practices in ethical standards, citing Japan. He reiterated the government's commitment to reviving the bank, noting that it has strong potential for turnaround.
Md Sirajul Islam underscored changes in the auditing system, pointing to the adoption of risk-based supervision and other international-standard practices.
Md Abdul Ahad stressed corporate governance, deposit mobilisation and loan recovery from defaulters, as well as the need for stronger follow-up of pending legal cases.
Md Quamruzzaman Khan welcomed all managers and urged them to meet their assigned targets while strictly complying with regulatory requirements. He also advised managers to complete day-to-day tasks efficiently, improve customer service, and work strategically towards achieving the bank's goals.
The meeting also provided guidance on other strategies for the bank. BASIC Bank noted that its liquidity position remains sound in both local and foreign currencies, and that the institution has been showing signs of gradual improvement.
