Bank Asia PLC
 | |
| Company type | Public Limited Company |
|---|---|
| DSE: BANKASIA CSE: BANKASIA | |
| Industry | Banking |
| Founded | 27 November 1999 |
| Headquarters | Dhaka, Bangladesh |
Key people | (Chairman)
Romo Rouf Chowdhury (Managing director) Sohail R K Hussain |
| Products | Banking services Consumer Banking Corporate Banking Agent Banking Islamic Banking Credit Cards Remmittance Operations Student Files, etc |
| Website | Bank Asia PLC |
Bank Asia PLC is a private sector commercial bank in Bangladesh.[1] MR. SOHAIL R K HUSSAIN is the president and managing director of the bank.[2] Romo Rouf Chowdhury, chairman of Rancon Group, is the chairman of Bank Asia Limited.[3]
History
[edit]The bank was established as a private commercial bank on 28 September 1999, and incorporated in 1999.[1] it expanded through the purchase of the branches of Bank of Nova Scotia and Muslim Commercial Bank Limited.[1] In 2001, it purchased the operations of Scotiabank which entered Bangladesh in 1999.[4][1]
Bank Asia relocated its Nova Scotia branch from Bijoy Sarani to Kazi Nazrul Islam avenue.[5] It signed an agreement with Dutch-Bangla Bank Limited to have access to their automated teller machine network.[6]
In 2008, Bank Asia announced a 25 per cent stock dividends.[7] The bank also introduced Islamic banking.[8]
Bank Asia was awarded third prize in corporate governance disclosures and achieved certificate of merit under integrated reporting category in the 17th ICAB National Award for BPAR-2016.[9]
Bank Asia was awarded the Intellectual Property Protection Award in 2020 by the Bangladesh Copyright Board.[10] It arranged a seven billion taka loan for Bashundhara Group to build a cement plant.[11] Romo Rouf Chowdhury, chairman of Rangs Group, was elected chairman of the bank in August 2022.[12]
On 10 February 2024, Sohial R K Hussain was appointed managing director of Bank Asia Limited.[13] The bank distributed loans to 220 women farmers in June.[14] On 16 April 2024, Bank Asia Limited has changed its name to 'Bank Asia plc'.[15]
References
[edit]- ^ a b c d Mazid, Muhammad Abdul. "Bank Asia PLC". Banglapedia. Retrieved 17 November 2016.
- ^ "IUB launches Business Advisory Board". The Financial Express. Retrieved 17 November 2016.
- ^ "Bank Asia Limited". Bank Asia Limited. Retrieved 28 November 2022.
- ^ "Scotiabank Timeline". www.scotiabank.com. Retrieved 28 November 2022.
- ^ "Scotia Branch of Bank Asia relocated". The Daily Star. 24 September 2007. Retrieved 28 November 2022.
- ^ "Bank Asia's cardholders to use DBBL's ATM, POS". The Daily Star. Retrieved 28 November 2022.
- ^ "Bank Asia declares 25pc stock dividend". The Daily Star. 2 June 2008. Retrieved 28 November 2022.
- ^ "Bank Asia launches Islamic banking". The Daily Star. 25 December 2008. Retrieved 28 November 2022.
- ^ "Bank Asia Limited: Annual Report 2016". islamicmarkets.com. Retrieved 28 November 2022.
- ^ "Bank Asia wins Intellectual Property Protection Award 2020". The Daily Star. 1 March 2022. Retrieved 1 March 2022.
- ^ Chakma, Jagaran (21 September 2020). "Bank Asia arranges Tk 700cr for cement plant of Bashundhara". The Daily Star. Retrieved 28 November 2022.
- ^ "Over 100 influential people, including 2 former bank high-ups, helped PK Halder, claims close associate". The Daily Star. Retrieved 28 November 2022.
- ^ "Bank Asia gets new MD". The Daily Star. 8 November 2022. Retrieved 28 November 2022.
- ^ "Bank Asia disburses loans among 220 women farmers". The Daily Star. 27 June 2022. Retrieved 28 November 2022.
- ^ https://www.somoynews.tv/news/2024-04-16/7RSE5Kty The central bank said that the name of Bank Asia Limited has been changed to 'Bank Asia plc'.
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