Padma Bank launches centralised CAD

Padma Bank Limited has launched a centralised Credit Administration Department (CAD) to make the overall loan collection and reporting of CIB to BB, documentation, preservation of security documents, etc. processes easier and more transparent.

Padma Bank Managing Director and CEO Tarek Reaz Khan inaugurated the modernisation and centralisation of the Credit Administration Department at Padma Bank Mirpur Training Institute in Dhaka on August 7, said a statement on Wednesday.

“One of the biggest strengths of a bank is CAD. Strengthening them is the most important thing,” Tarek Reaz Khan said.

“In addition to improving the quality of the bank’s earning assets, it can now be monitored in advance so that the portfolio health remains healthy and steady. Under the strict

supervision of the higher management, it will now be possible to complete many things easily and quickly,” he added.

Deputy Managing Director Faisal Ahsan Chowdhury, SEVP and RMD and Law Head Firoz Alam, SEVP and Principal Sabirul Islam Choudhury, SVP and Head of Credit Administration Department Habibur Rahman and other senior officials of various departments were also present on the occasion.