ZCZC
BSS-11
BANK-SOFTWARE
Farmers Bank introduces recovery software
DHAKA, Nov 17, 2018 (BSS) – The Farmers Bank Limited today introduced
recovery software in an effort to ensure secured banking in its operations.
The new generation bank launched the software through a daylong seminar in
the city where departmental heads and managers of the branches were present,
said a press release of the bank.
Managing Director and Chief Executive Officer (CEO) Md Ehsan Khasru
formally inaugurated the software at a simple ceremony at the Farmer’s Bank
Limited Training Institute, the release added.
Speaking at the function, Khasru said the recovery software would easily
detect loan defaulters of the bank.
“The Farmers Bank Limited makes a giant leap in ensuring safe and secure
banking in all its branches through launching of this software. It will speed
up the recovery of defaulted loans,” he said.
All the bank’s clients, especially the borrowers will be constantly
monitored with this recovery software, he added.
Khasru also said the software is procured as part of the bank’s growing
investment in most modern technology to make sure the Farmers Bank emerge as
a top banks in the country within the next three years.
Senior executives including Ali Zariab, Deputy managing director also
spoke on the occasion and emphasized the urgency of speedy recovery at this
juncture.
The Farmers Bank Limited is majority controlled by institutional investors
following a restructuring in its ownership early this year.
Four state-owned banks — Sonali, Janata, Agrani and Rupali — and the
Investment Corporation of Bangladesh now own more than 60 percent of the
bank.
The bank started its operation in 2013 and it has set up 57 branches in
major cities and towns in the country within five years.
BSS/PR/GM/SSS/1603 hrs