NBL sets recovery plan, says chairman

National Bank chairman Abdul Awal Mintoo on Monday said the lender has set a turnout strategy, thereby intensifying its focus on remittance, cash recovery and international trade.
As part of its reviving plan, he said, the bank has already strengthened its six overseas subsidiaries to collect more remittance.
A special team is being formed to recover the written-off loans alongside the classified loans, he added.
Mr Mintoo shared the bank's reviving plan while receiving an award from the Bangladesh-USA Chamber of Commerce and Industries (BUCCI) for becoming the second largest remittance-receiving commercial bank from the USA market.
BUCCI vice-president Raihanul Islam Chowdhury handed over the award to the national bank's chairman at the bank's head office in the city.
Speaking on the occasion, Mr Mintoo said they also paid serious heed to deposit mobilisation to improve the bank's liquidity situation.
"Our officers have been working hard to achieve our plan to become a strongest bank like the past. We'll do it, Inshallah."
Touhidul Alam Khan, managing director and CEO of the bank, said the bank wants to be a leading choice in foreign remittance by prioritising customer satisfaction, technological innovation and dedicated workforce.
"Together, we are not just transferring money; we're facilitating dreams and aspirations."
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Hailing the bank for its performance in receiving remittance from the USA market, Raihanul Islam said the chamber plans to hold a remittance fair in the USA next April.
Bangladesh Bank governor Dr Ahsan H. Mansur is expected to attend it as the chief guest and National Bank chairman Abdul Awal Mintoo as a special guest.