Written by The Banking Post
State-owned BASIC Bank Limited held its Business Review Meeting—2025 on August 30 at Mukti Auditorium, Biddut Bhaban, Dhaka. Helal Ahmed Chowdhury, Chairman of the bank’s Board of Directors, inaugurated the event as Chief Guest, while Md. Quamruzzaman Khan, Managing Director & CEO, presided over the meeting.
Special guests included Sheikh Farid, Joint Secretary of FID, Ministry of Finance; Md. Abdul Ahad, Additional Secretary (Rtd.); and Md. Sirajul Islam, Executive Director of Bangladesh Bank and Observer of BASIC Bank’s Board. Directors, deputy managing directors, general managers, and branch/divisional in-charges also attended.
In his speech, Chairman Helal Ahmed Chowdhury emphasised forward-looking strategic planning, loan recovery, legal procedures, operational efficiency, deposit mobilisation, regulatory compliance, ethical standards, human resources development, and quality customer service.
Sheikh Farid highlighted the government’s intention to revive BASIC Bank, citing Japan as an example of strong ethical standards. Md. Sirajul Islam spoke on the adoption of Risk-Based Supervision (RBS) to raise auditing standards to international levels. Md. Abdul Ahad stressed corporate governance, deposit mobilisation, and loan recovery.
Md. Quamruzzaman Khan urged managers to achieve targets, ensure compliance, and improve customer service, advising strategic and day-to-day operational efficiency. The meeting also covered other guidance on the bank’s strategic initiatives.
BASIC Bank is reportedly gradually improving, with sound liquidity in both local and foreign currency.
