Bank Asia PLC Is A Private Commercial Bank In Bangladesh. Mr. SOHAIL R K HUSSAIN Is The President And Managing Director Of The Bank. Romo Rouf Chowdhury, Chairperson Of Rancon Group, Is The Chairperson Of Bank Asia Limited.
History
The Bank Was Established On September 28, 1999 As A Private Commercial Bank And Was Incorporated In 1999. It Expanded By Acquiring Branches Of Bank Of Nova Scotia And Muslim Commercial Bank Limited. In 2001, It Acquired The Operations Of Scotiabank, Which Entered Bangladesh In 1999.
Bank Asia Relocated Its Nova Scotia Branch From Bijoy Sarani To Kazi Nazrul Islam Boulevard. It Signed An Agreement With Dutch-Bangla Bank Limited To Have Access To Their ATM Network.
In 2008, Bank Asia Announced A 25% Share Dividend. The Bank Also Introduced Islamic Banking.
Bank Asia Won The Third Prize In Corporate Governance Disclosure At The 17th ICAB National Awards In BPAR-2016 And Was Awarded A Certificate Of Merit In The Integrated Reporting Category.
Bank Asia Was Awarded The Intellectual Property Protection Award By The Bangladesh Copyright Commission In 2020. It Arranged A 7 Billion Taka Loan For Bashundhara Group To Build A Cement Plant. Romo Rouf Chowdhury, Chairman Of Rangs Group, Was Elected As The Bank's Chairman In August 2022.
On February 10, 2024, Sohial R K Hussain Was Appointed As Managing Director Of Bank Asia Limited. The Bank Disbursed Loans To 220 Women Farmers In June. On April 16, 2024, Bank Asia Limited Has Changed Its Name To "Bank Asia Plc".
