BRAC Bank has strengthened its loan recovery drive by equipping frontline officials with an advanced digital tab integrated with a mobile litigation management system (LMS), enabling real-time access to lawsuit information at the field level.
The initiative is designed to accelerate recovery efforts by providing instant court updates, improving case tracking and supporting faster and more informed decision-making across recovery operations, according to a press release.
The mobile LMS transforms lawsuit management into a more dynamic, transparent, and technology-driven process, marking a significant milestone in the bank's digital transformation journey. The digital devices are being distributed in phases to recovery officials across all 64 districts, ensuring consistent and effective case management nationwide.
Commenting on the initiative, Barrister Rasheed Ahmed, chief legal officer of BRAC Bank, said, "Timely and accurate legal information is critical to effective recovery. By placing real-time litigation data directly in the hands of our frontline officials, we are significantly improving execution speed and accountability. This initiative reflects our commitment to innovation, strong governance and disciplined balance sheet management."
Tareq Refat Ullah Khan, managing director and CEO of BRAC Bank, said, "Recovery is ultimately about discipline, speed, and governance. By digitising litigation management at the frontline, BRAC Bank is turning legal recovery into a real-time, execution-driven process. This initiative strengthens our balance sheet, protects depositor confidence, and reinforces the bank's commitment to building a resilient and responsible financial system for Bangladesh."
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