BASIC Bank Holds Branch Managers Conference and Business Review Meeting 2026
BASIC Bank PLC., 100% State-owned commercial bank, held the Managers Conference and Business Review Meeting 2026 on Saturday, October 10, 2026, 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. Abu Md. Mofazzal, Managing Director (Current Charge) of the Bank, presided over the Conference and delivered the welcome speech.
Munshi Abdul Ahad, Former Additional Secretary and currently a member of the National Pension Authority, Sheikh Farid, Joint Secretary of FID, Ministry of Finance, Dr. Abu Saleh Mostafa Kamal, former Government Official (Grade-1), Farooq Ahmed, Former Additional Secretary, Md. Lutfur Rahman, Learned Lawyer and Md. Khairul Kabir, Rtd. Banker, all Directors of BASIC Bank, and Rup Ratan Pine, Executive Director of Bangladesh Bank and Observer of BASIC Bank’s Board, were present as the Special Guest.
Among others, Subhash Chandra Das, FCA, FCMA, and Md. Hasan Imam, Deputy Managing Directors, along with Md. Ismail, Md. Momenul Hoque, Md. Nashir Uddin, Sumit Ranjan Nath, Md. Ghulam Sayeed Khan, and Saidur Rahman Sohel, General Managers, Branch and Sub-Branch In-charges, and Divisional In-charges of the Bank were also present at the conference.
In his speech, Chairman Helal Ahmed Chowdhury said BASIC Bank had overcome a period of severe challenges and now gradually moving towards recovery. He noted that the bank’s deposits have increased by around Tk 5,000 crore between January and September 2026, reflecting growing customer confidence in the institution. Maintaining this confidence is essential. We must continue to improve the quality of customer services and translate the renewed trust into sustainable business growth, he said.
Highlighting the bank’s changing financial position, he observed that BASIC Bank, which previously borrowed from other institutions, and now extending loans in both local and foreign currencies in the market. He called on officials to build on this progress through stronger business performance, prudent lending and improved customer relationships.
Emphasizing the importance of technological advancement, the chairman said the bank must keep pace with developments in modern banking and avoid falling behind in digital transformation. He particularly called for greater attention to expanding Bangla QR services to facilitate digital payments and improve customer convenience.
On loan recovery, He urged officials to intensify efforts to recover non-performing loans (NPLs) while strictly complying with applicable rules and regulations issued by FID and Bangladesh Bank and other regulatory authorities . He also stressed the need to expedite legal proceedings to ensure more effective recovery of defaulted loans.
The chairman further underscored the importance of regulatory compliance, good governance, transparency and accountability at all levels of the bank. He urged branch managers to turn loss-making branches into profitable ones to strengthen the bank’s earnings. He also expressed gratitude to the Financial Institutions Division (FID) of the Ministry of Finance, Bangladesh Bank and other stakeholders for their continued support.
Sheikh Farid, in his remarks, he compared BASIC Bank’s performance with the broader banking sector and called on its officials to work with greater commitment to improve the bank’s overall performance. He emphasised preventing fresh loan defaults, increasing deposit mobilisation at lower interest costs and diversifying revenue sources, particularly through higher commission-based and other non-interest income. Farid also called for strict implementation of the detailed instructions issued at a recent meeting between the FID secretary, BASIC Bank’s board of directors and its management.
Dr. Abu Saleh Mostafa Kamal emphasized improving service quality at the bank’s branches. He recommended holding regular coordination meetings to strengthen transparency and accountability at every level of the bank.
Munshi Abdul Ahad, called for expanding digital banking services and ensuring equal attention to customers across all segments. He said every customer, regardless of the size of their account or transaction, should be treated with respect and receive proper service. He urged officials to intensify efforts to increase lending and recover defaulted loans.
Rup Ratan Pine, advised the bank to learn from the experience and effective strategies of successful banks and apply those lessons to improve its operations. He also emphasized increasing loan disbursement under Bangladesh Bank’s refinancing facilities. At the same time, he urged the bank to strictly comply with all relevant central bank circulars while expanding lending and strengthening loan recovery.
Md. Khairul Kabir recommended tapping the industrial potential of different regions of the country. He called for increasing financing for small and medium enterprises (SMEs) through a cluster-based approach, taking into account the potential of local industries.
Md. Lutfur Rahman urged officials to act responsibly to protect the bank’s interests. He also stressed the need to increase remittance inflows and strengthen legal measures for recovering defaulted loans.
Farooq Ahmed advised the bank to expand its business by increasing import-export activities and remittance collection. He also emphasized mobilising more low-cost deposits.
Managing Director (Current Charge) Abu Md Mofazzal welcomed the branch and sub-branch managers and urged them to achieve their assigned business targets while strictly adhering to all regulatory requirements. He emphasised the need for a coordinated approach to deposit mobilisation, loan recovery, prevention of new defaults and improvement of customer service. He also called for greater professionalism, accountability and collective commitment to achieving the bank’s business objectives.
The conference reviewed the bank’s overall business performance and discussed key strategic priorities, including deposit mobilisation, loan disbursement and recovery, management of non-performing loans, digital banking expansion, import-export financing, remittance mobilisation and revenue growth. Branch and sub-branch managers were given necessary guidance on achieving business targets, improving service delivery and strengthening the bank’s financial position.