Bank Asia has been conscious of corporate social responsibility from the very beginning of its operation in 1999. The Bank looks beyond short-term quantitative gains and concentrates on issues which make the financial institution socially responsible and thus expects a sustainable balanced growth.
Bank Asia has three major CSR programs. These are as follows:
Higher Study Scholarship
Operating Computer Learning Centers
HIGHER STUDY SCHOLARSHIP
Bank Asia provides higher scholarship to rural poor meritorious students, who are studying in important subjects in public universities. So far (since 2005) 215 students have been awarded the scholarship. Of them, 94 scholarships have been provided this year. Total expenditure of scholarship this year is Tk 53.08 lac for this purpose while Tk.1.57 crore till date. Next year we have a plan to provide 100 more scholarships, which will raise beneficiary numbers to 334, and budget will be Tk 10.64 million/Tk 1.64 crore. The scholarships are given on the basis of SSC and HSC results.
As a part of its corporate social responsibility, Bank Asia has provided higher studies scholarship-2011 to 30 insolvent meritorious students of Chatkhil Upazila of Noakhali district and Ramgonj Upazila of Laxmipur district today (Saturday, 21st January, 2012). Mr. Rumee A Hossain, Director of the Bank, handed over the scholarship money to the students at a function held a Chatkhil Upazila auditorium. Vice Chairman of the Bank Mr. Mohammed Lakiotullah, Directors Mr. M. Irfan Syed, Mr. Shah Md. Nurul Alam, Mr. Mashiur Rahman, President & Managing Director Mr. Md. Mehmood Husain, Deputy Managing Director Mr. Mohammed Roshangir, Senior Executive Vice President Mr. Md. Arfan Ali, Zonal Head Mr. Swapan Dasgupta and Chatkhil Upazila Assistant Commissioner (Land) Ms. Anindita Roy were also present. A large number of people including students, teachers, journalists, businessmen and local elite attended the function.
It may be mentioned that Bank Asia gives scholarships for higher study to the meritorious students in the rural areas, where the Bank has branches. A total of 134 (one hundred thirty four) students have been selected for Bank Asia Higher Study Scholarship for the current year.
The Bank bears entire cost of cataract-related eye operations, whose parents are poor and cannot afford the high cost of operations. Since 2006, 874 operations have been conducted under the program at a cost of about Tk 92 lac (till July, 2010). Most of the children are leading normal life and learning education.
COMPUTER LEARNING CENTERS
Bank Asia, with the help of D-net, is operating 13 Computer Learning Centers (since 2006) in rural areas, where rural youths learn computer education. A total of Tk 4.7 lac has been spent for operational cost of these centers this year. Besides, 12 more learning centers have been set up this year involving Tk.1.58 million/Tk.15.76 lac as a part of our expansion program. So far, about 3000 youths received computer training though these centers, and cost involvement in this CSR program is Tk.1.03 crore (till Dec. 2009).
ORGANIZING EYE CAMP
Bank Asia started eye screening of 10,000 children in 50 schools in four upazilas of Kishoreganj district namely, Tarail, Sadar, Hossainpur and Pakundia with the help of Kishoreganj Eye Hospital of Nari Uddog Kendra (NUK). If the pilot program, involving Tk.5 lac, is successful we will cover whole the district and subsequently whole the country to save eyes of the children of the nation.
Bank Asia every year organizes blood donation programs where Bank staffs donate blood. As recognition, Bank Asia received the Highest Blood Donation Organization Award from the Bangladesh Red Crescent Society Blood Centre in this (2010) year. Bank Asia spent Tk 1 million/10 lac for organizing blood donation program.
CONSERVATION OF ENVIRONMENT
Bank Asia has been one of the pioneers in supporting environment friendly CNG projects by financing CNG conversion and CNG filling stations. It always averts financing in environment hazardous business. The Bank has decided not to finance any tobacco related business, and all offices of the Bank are declared smoking free zone. Bank Asia is committed to protect the environment, and in the effort to do so has undertaken beautification and maintenance of the main highway Pragati Sarani from Natun Bazar to Railway Crossing near Airport Road. Financing in solar panels for urban households is under process.
Bank Asia donated Tk 25 lac to the Prime Minister’s Relief Fund as financial assistance to the victim families of devastating fire at Nimtoli and building collapse at Begunbarui in first week of June, 2010 that caused loss of more than hundred lives, leaving hundreds of people severely injured. Besides, the Bank donated blankets among cold-hit people in the district of Rajshahi, Pabna and Bogra districts.
During the event of South Asian Games (SAF Games) Bank Asia contributed Tk 5 lac for smooth organizing of the program. Bank Asia also contributed Tk 20 lac for purchasing car presented to cricketer(s) of Bangladesh National Cricket Team for their emphatic win against New Zealand.
CULTURE AND HERITAGE
Bank Asia is dedicated to protect culture and heritage of the country. In respect to the martyred freedom fighters, Bank Asia donated Tk 1 crore for Multijuddha Jadughar Nirman, Tk2 lac to Muktijuddher Smritisangrakshan Kendra for the international conference on Human Rights.
POVERTY ERADICATION PROGRAM
The Bank has disbursed Tk 62.76 crore (Tk 40.11 crore directly and Tk 22.65 crore through NGO linkage) as short and long-term credit in agriculture/rural credit sectors during last six months (Jan 1-June 30, 2010). This financing helped create innumerous employment opportunities in farms, especially in the fields of crops and fisheries. Of the total amount, Tk 10 crore has been disbursed for poverty alleviation in rural areas.
Bank Asia through its 10 SME Service Centers and 46 Branches in urban and rural areas provides Tk. 21.75 crore credit to small and medium enterprises for expansion or promotion of their business which ultimately create productive new off-farm employment.
Besides, Bank Asia has established network with 7 (seven) local Micro Finance Institutions (MFIs) -- BURO Bangladesh, Jagarani Chakra Foundation (JCF), SRIZONY Bangladesh, Rural Reconstruction Foundation (RRF), DESHA Artho-shamajik Shangstha, Gram Unnayan Karma (GUK) and Center for Development Innovation and Practices (DIP), and through their nationwide 1236 outlets deliver remittances from migrant workers to recipients in remote rural and semi-urban households. Bank Asia in its 183rd Board Meeting decided to set up “Bank Asia Foundation and necessary measures are on foot. The Foundation will help advance our existing program and explore new areas. We plan to allocate at least 2% of the Bank’s pretax profit for this Foundation. The initiative will ultimately contribute to increase the number of beneficiaries and get involve intensively in poverty eradication and social development.
OTHER EDUCATIONAL PROGRAM
Our Bank also provides financial assistance for debate competition, writing thesis, etc.
OTHER HEALTH PROGRAMS
Assist construction of hospital (Islamia Eye Hospital Tk 20 lac, TMSS Tk 5 lac), donate microbus for running mobile hospital (of Bir Sreshtha Matiur Rahman Foundation-Tk 15 lac), rehabilitation of paralyzed people (CRP-Savar Tk 3 lac), support accident victims (Tarail-Tk 1.97 lac), kidney and cancer patients, Tk 0.43 million to Marie Stopes Clinic, etc.
OTHERS CSR/DONATION PROGRAM
Bank Asia also donated Tk 10 lac to FBCCI Foundation’s ‘One Businessman: One Family’ program. Besides, Bank donated Tk 5 lac for Women Entrepreneur Award and Tk 4.8 lac for support to victim Army Family of BDR carnage.