Bank Asia Limited is a private sector commercial bank in Bangladesh.[1] Areef Billah Adil Chowdhury 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]
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] The Anti-Corruption Commission arrested two officials of Bank Asia on embezzlement charges from Chittagong in May over a 760 million taka loan.[10]
Bank Asia was awarded the Intellectual Property Protection Award in 2020 by the Bangladesh Copyright Board.[11] It arranged a seven billion taka loan for Bashundhara Group to build a cement plant.[12] A Rouf Chowdhury, chairman of Rangs Group, was re-elected chairman of the bank in May 2021.[13] A former managing director of Bank Asia was implicated in the PK Halder scam.[14]
In August 2022, Adil Chowdhury was appointed managing director of Bank Asia Limited.[15] The Bank distributed loans to 220 women farmers in June.[16]
Referencesedit
^ abcdMazid, Muhammad Abdul. "Bank Asia Limited". 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.
^"ACC arrests two officials of Bank Asia over loan scam". The Daily Star. 30 May 2016. 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.
^"A Rouf Chowdhury reelected Bank Asia chairman". The Daily Star. 3 May 2021. Retrieved 28 November 2022.
^"Over 100 influential people, including 2 former bank high-ups, helped PK Halder, claims close associate". The Daily Star. 12 February 2021. 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.
bank, asia, limited, private, sector, commercial, bank, bangladesh, areef, billah, adil, chowdhury, president, managing, director, bank, romo, rouf, chowdhury, chairman, rancon, group, chairman, company, typecommercial, banktraded, asdse, bankasiacse, bankasia. Bank Asia Limited is a private sector commercial bank in Bangladesh 1 Areef Billah Adil Chowdhury 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 Bank Asia LimitedCompany typeCommercial bankTraded asDSE BANKASIACSE BANKASIAIndustryBankingFounded27 November 1999HeadquartersDhaka BangladeshKey people Chairman A Rouf Chowdhury Managing director Areef Billah Adil ChowdhuryProductsBanking services Consumer BankingCorporate BankingAgent BankingIslamic BankingWebsiteBank Asia LimitedHistory editThe 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 The Anti Corruption Commission arrested two officials of Bank Asia on embezzlement charges from Chittagong in May over a 760 million taka loan 10 Bank Asia was awarded the Intellectual Property Protection Award in 2020 by the Bangladesh Copyright Board 11 It arranged a seven billion taka loan for Bashundhara Group to build a cement plant 12 A Rouf Chowdhury chairman of Rangs Group was re elected chairman of the bank in May 2021 13 A former managing director of Bank Asia was implicated in the PK Halder scam 14 In August 2022 Adil Chowdhury was appointed managing director of Bank Asia Limited 15 The Bank distributed loans to 220 women farmers in June 16 References edit a b c d Mazid Muhammad Abdul Bank Asia Limited 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 ACC arrests two officials of Bank Asia over loan scam The Daily Star 30 May 2016 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 A Rouf Chowdhury reelected Bank Asia chairman The Daily Star 3 May 2021 Retrieved 28 November 2022 Over 100 influential people including 2 former bank high ups helped PK Halder claims close associate The Daily Star 12 February 2021 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 nbsp Banks portal nbsp This Bangladesh related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Bank Asia Limited amp oldid 1186750035, wikipedia, wiki, book, books, library,
