Reduce NPL amount below three per cent, BASIC Bank MD asks officials
Tuesday, 21 October 2008
FE Report
The managing director of BASIC Bank Ltd has stressed the need for taking effective measures to reduce the non-performing loan (NPL) amount below three per cent and ensure regularisation of special mention account (SMA) so that no amount falls under classification.
Managing Director of the bank AKM Sajedur Rahman made the comments in a meeting of the operational heads of the bank including in-charges of Dhaka city branches, said a press release.
While exchanging views he urged all concerned to expand business through selection of potential borrowers in order to maintain good financial health of the bank.
He also gave priority to implement online banking service to provide better services to the valued clients with innovative products.
He also emphasised to increase foreign remittance and fee/charge-based income.
He advised all concerned to face the impact of the waves of recent world economic recession.
While evaluating bank's position up-to September 2008, he thanked all concerned for significant achievement in the areas of deposit, advance, export, import and profit of the bank.
General Managers Md Abdul Jabber, Shaikh Ahmed, Sk Monzur Morshed, Md Mesbahul Raque, top executives and officials of head office also attended the meeting.
The managing director of BASIC Bank Ltd has stressed the need for taking effective measures to reduce the non-performing loan (NPL) amount below three per cent and ensure regularisation of special mention account (SMA) so that no amount falls under classification.
Managing Director of the bank AKM Sajedur Rahman made the comments in a meeting of the operational heads of the bank including in-charges of Dhaka city branches, said a press release.
While exchanging views he urged all concerned to expand business through selection of potential borrowers in order to maintain good financial health of the bank.
He also gave priority to implement online banking service to provide better services to the valued clients with innovative products.
He also emphasised to increase foreign remittance and fee/charge-based income.
He advised all concerned to face the impact of the waves of recent world economic recession.
While evaluating bank's position up-to September 2008, he thanked all concerned for significant achievement in the areas of deposit, advance, export, import and profit of the bank.
General Managers Md Abdul Jabber, Shaikh Ahmed, Sk Monzur Morshed, Md Mesbahul Raque, top executives and officials of head office also attended the meeting.