The New Nation - Internet Edition

ECONOMIC REPORTER

Managing Director of Pubali Bank Limited Helal Ahmed Chowdhury has called upon all the managers of the bank to increase deposit, advance and export-import business to achieve the target fixed for the current year. He was addressing the Managers' Conference-2008 (Dhaka Central, Dhaka North and Dhaka South Region) of Pubali Bank Limited held at bank's head office on February 16 last.

Helal Ahmed Chowdhury said Pubali Bank recently launched a new credit product, styled 'Non-Resident Credit Scheme' for foreign going job-seekers. 'Anyone who goes abroad for employment can take financial help through this scheme,' he said.

Chowdhury also mentioned that with a view to expanding and promoting foreign remittance business from Bangladeshi expatriates, Pubali Bank Ltd would make agreements with some exchange companies of Bahrain and Kuwait if permission is accorded by Bangladesh Bank.

He stressed on selecting potential borrowers and trying to enhance bank business. At the same time, he emphasised on recovery of overdue, classified and write off loans on priority basis.

The Managing Director advised regional heads and branch managers to keep close vigilance by intensive supervision and close monitoring so that newly disbursed loans might not become overdue or classified.

Besides, he advised all to work hard to increase remittance rendering best customer services. He underscored the need for increased utilisation of the modern information technology for qualitative improvement in the overall customer services of Pubali Bank as the bank has to operate in a highly competitive banking sector.

Moreover, the Managing Director called upon the officials to increase overall foreign exchange business in order to cope with the changes in the competitive global banking environment.

He emphasised to explore and expand foreign exchange business by maintaining regular contacts with the importers and exporters and applying modern IT solutions in order to keep the pace of advancement of business in the present competitive scenario. He advised all officers to abide by the rules and regulations of Bangladesh Bank and other regulatory bodies.

General Managers from the head office, Regional Heads and Branch Managers from Dhaka Central, Dhaka North and Dhaka South Region attended at the conference.

Performance of the branches also evaluated in the meeting and necessary strategies and plans were taken to achieve the target fixed for the year 2008.