EXIM Bank recently held a special meeting at its head office with ten major branches of the Dhaka Division, aiming to enhance the effectiveness and pace of investment recovery activities. The meeting took place on Saturday and was attended by the Administrator of EXIM Bank and Executive Director of Bangladesh Bank, Md. Sawkatul Alam, who presided as the Chief Guest. According to a press release, Additional Managing Director Abdul Aziz, Deputy Managing Director and Head of the Investment Recovery Division Maksuda Khanam, Deputy Managing Director Md. Moidul Islam, along with senior officials of the division and managers of the selected branches, were also present.
In his speech, the Chief Guest emphasised the crucial role of timely and strengthened investment recovery for the advancement of the national banking sector. He urged branch managers to adopt efficient measures, maintain consistent communication with clients and ensure greater application of technology to accelerate recovery operations.
Branch managers presented their branch-wise updates and highlighted several operational challenges, including changes in client behaviour, documentation complexities and delays in legal procedures. They stressed that recovery delays can disrupt the financial stability of banks, making coordinated efforts essential.
The meeting also discussed the need for expanded training programmes to enhance staff competence. It was proposed that a new performance evaluation mechanism should be introduced to ensure prompt and responsible action by officials involved in recovery operations. Attendees expressed confidence that implementing these recommendations would significantly improve recovery rates.
In his concluding remarks, Chief Guest Md. Sawkatul Alam reiterated the importance of effective investment recovery for maintaining national economic stability. He urged all branch managers and officials to work collectively with greater dedication.
AJ