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20-Aug-2017
Bank Asia Provides Foundation Training to Officers

Caption: Mr. Mian Quamrul Hasan Chowdhury, Deputy Managing Director of Bank Asia poses with the participants of 43rd Foundation Training Course at the inaugural ceremony held at Bank Asia Institute for Training & Development (BAITD) at Lalmatia in the capital city Dhaka on Sunday (20 August, 2017). Mr. Md. Sazzad Hossain, Head of ICCD, Mr. K.S. Nazmul Hasan, Head of People Management Division, Mr. Md. Azharul Islam, Head of Training, BAITD, Mr. Golam Gaffar Imtiaz Chowdhury, Head of Branch, Lalmatia & Mr. Sujit Kumer Sen, AVP, BAITD are also seen in the picture.



Bank Asia kicked off a 23-day Foundation Training for its 41 (Forty One) officers aiming to improve their professional efficiency. Mr. Mian Quamrul Hasan Chowdhury, Deputy Managing Director of the Bank inaugurated the 43rd Foundation Training Course at Bank Asia Institute for Training & Development (BAITD) at Lalmatia in the capital city Dhaka on Sunday (20 August 2017). Mr. Md. Sazzad Hossain, Senior Executive Vice President & Head of Internal Control and Compliance Division, Mr. K.S. Nazmul Hasan, SVP & Head of People Management Division, Mr. Md. Azharul Islam, VP & Head of Training, BAITD, Mr. Golam Gaffar Imtiaz Chowdhury, VP & HOB, Lalmatia & Mr. Sujit Kumer Sen, AVP, BAITD were present.



Bank Asia puts the highest importance on training so as to augment knowledge and skill on the part of personnel.


17-Aug-2017
Press Release

The Chairman of Bashundhara Group, Mr. Ahmed Akbar Sobhan met with the Chairman of Bank Asia Limited, Mr. A Rouf Chowdhury, for rising of fund by Bank Asia as Lead Arranger for setting up the Petrochemical Complex Plant (Unit-1) by Bashundhara Oil & Gas Company Ltd. to be located at Shitakunda, Chittagong.



During the occasion amongst others, Bank Asia’s former Chairman of Executive Committee Mr. Rumee A. Hossain, President & Managing Director Md. Arfan Ali, DMD and CRO Ms. Humaira Azam, DMD and COO Mr. Borhanuddin Ahmed, SEVP & Head of C&LL Mr. Shafiuzzaman and on behalf of Bashundhara Oil & Gas Company Limited, Senior DMD Mr. Belayet Hossain, Group CFO Mr. Toffail Hossain were also present.​


08-Aug-2017
Bank Asia provides Foundation Training to its Officers

em>Caption: Mr. A Rouf Chowdhury, Chairman of Bank Asia poses with participants of 42nd Foundation Training Course in BAITD. DMD Mr. Mian Quamrul Hasan Chowdhury, SEVP & Head of ICCD Mr. Md. Sazzad Hossain, Head of HRD Mr. KS Nazmul Hasan, Head of Training Mr. Azharul Islam, Mr. Golam Gaffar Imtiaz Chowdhury, VP & HOB, Lalmatia Branch and Mr. Sujit Kumer Sen, AVP, BAITD are, among others, seen in the picture.



Bank Asia provided a month-long 42nd Foundation Training to its 39 (Thirty Nine) officers in an effort to improve their professional efficiency. Chairman of Bank Asia Mr. A Rouf Chowdhury handed over certificates among the participants in a function held at the Bank Asia Institute for Training and Development (BAITD) at Lalamatia, Dhaka today (Tuesday, 08 August, 2017). DMD Mr. Mian Quamrul Hasan Chowdhury, SEVP & Head of ICCD Mr. Md. Sazzad Hossain, Head of People Management Division (HRD) Mr. KS Nazmul Hasan, Head of Training Mr. Azharul Islam, Mr. Golam Gaffar Imtiaz Chowdhury, VP & HOB, Lalmatia Branch and Mr. Sujit Kumer Sen, AVP, BAITD were present.



      Bank Asia puts the highest importance on training so as to  augment knowledge and skill of its employees.


06-Aug-2017
Bank Asia Holds Half-yearly Business Review Meeting-2017

Caption: Mr. A Rouf Chowdhury, Chairman of Bank Asia is seen at the Half-yearly Business Review Meeting-2017 of Chittagong, Sylhet, Comilla, and Noakhali Zone of the Bank held on (Saturday, 05 August 2017) at  Bank Asia Bhaban in Chittagong. Vice Chairman Mr. AM Nurul Islam, Chairman of Risk Management Committee Mr. M. Irfan Syed, former Chairman of Board Executive Committee Mr. Rumee A Hossain, Director of the Bank Mr. M Shahjahan Bhuiyan and President & Managing Director Mr. Md. Arfan Ali are also seen in the picture.



Half-yearly Business Review Meeting-2017 of Bank Asia was held on Saturday (05 August, 2017) at Bank Asia Bhaban, Chittagong. Mr. A Rouf Chowdhury, Chairman of the Bank and Chief Guest of the program inaugurated the meeting. Vice Chairman Mr. AM Nurul Islam, , Chairman of Risk Management Committee Mr. M. Irfan Syed, former Chairman of Board Executive Committee Mr. Rumee A Hossain, Director of the Bank Mr. M Shahjahan Bhuiyan and President & Managing Director Mr. Md. Arfan Ali, among others, were present.



With the participation of the Heads of all Branches from Chittagong, Sylhet, Comilla, and Noakhali Zone, top executives and departmental heads of Corporate Office, the meeting became interactive and lively. A critical review of the business performance of the Bank in the first six months of the year was made in the meeting. Taking previous experience into consideration and analyzing the industry and economic outlook, a strategic action plan was drawn to face the economic challenges and achieve the objectives and goals for upcoming months. In the backdrop of current economic scenario, prevailing market and industry situation, the semi-annual business review conference emphasized on development and motivation of human capital, maintaining compliances and doing ethical business to achieve a sustainable growth.


06-Aug-2017
Bank Asia and Western Union joins hands to reach International Remittance to grassroots people

Caption: Mr. Md. Arfan Ali, President & Managing Director of Bank Asia and Ms. Sohini Rajola, Managing Director and RVP South Asia Western Union are seen lunching of an innovative service to reach Western Union’s international remittances to the grassroots people across the country through the Bank’s Agent Banking digital platform.  Senior Counsel & Vice President (Middle East, Africa, South Asia & South East Asia) of Western Union Ms. Manju Rai, Senior Country Manager of Western Union (Bangladesh) Mr. Naved Ashraf, Senior Executive Vice Presidents of Bank Asia Mr Junaid Masroor and Mr. Ziaul Hasan are, among others, seen at the program held at a hotel in the capital city Dhaka today (Sunday, August 6, 2017).



Bank Asia, pioneering in agent banking services in Bangladesh and Western Union, an international money transfer company, has joined hands and launched an innovative service to reach international remittances to the grassroots people across the country through the Bank’s Agent Banking digital platform.



Mr. Md. Arfan Ali, President & Managing Director of Bank Asia and Ms. Sohini Rajola, Managing Director and RVP South Asia Western Union jointly lunched the service at a program held at a hotel in the capital city Dhaka today (Sunday, August 6, 2017).



Senior Counsel & Vice President (Middle East, Africa, South Asia & South East Asia) of Western Union Ms. Manju Rai, Senior Country Manager of Western Union (Bangladesh) Mr. Naved Ashraf, Senior Executive Vice Presidents of the Bank Mr. Junaid Masroor and Mr. Ziaul Hasan and other high officials of both the organizations were present.



Mr. Md. Arfan Ali, President & Managing Director of Bank Asia said, “Bank Asia has a strong digital banking platform and a nationwide well-connected network while Western Union has a rich global experience of transferring remittance anywhere in the world. I strongly believe the partnership, cooperation and firm commitment of both the organizations will help reach foreign remittance to people in any corner of the country in a more affordable, convenient and faster manner. This move will also play a significant role in financial inclusion of grassroots people.”



It is mentioned that Bank Asia has more than 1250 agent network/outlets across the country which is growing very fast to reach digital financial services to unbanked and underserved population. It is expected that rural people using the Banking network will be able to receive remittances in more comfortable and faster manner.  



According to the World Bank, Bangladesh is the eighth largest international remittance receiver in the world. In 2015 alone, the country received US $15.8 billion foreign remittances sent by Bangladeshis working abroad. Researchers argue that nearly the same amount of international remittances is being delivered through various informal channels. It is expected that partnership of Bank Asia and Western Union will play a pivotal role in diminishing such practice of remitting hard-earned money through informal channels. It will ultimately be contributing to sustainable economic growth of the country.


03-Aug-2017
BANK ASIA & IFC SIGN AGREEMENT

Caption: The President & Managing Director of Bank Asia -Mr. Md. Arfan Ali and Ms. Ariane Di Iorio - Manager and Head of Financial Institutions Group, IFC South Asia inked the agreement on behalf of the respective sides at a function held at the Corporate Office of Bank Asia at Purana Paltan in the city Wednesday on August 02, 2017. The Deputy Managing Directors, the EVP & Head of International Division Mr. Md. Zia Arfin and other senior executives of both institutions were present at the agreement signing ceremony.  



Bank Asia has signed an Agreement on Working Capital Solutions (WCS) Facility with International Finance Corporation, IFC - a private sector arm of the World Bank Group. By this agreement IFC has provided $40.00 million Working Capital Solutions (WCS) Facility. Bank Asia has also arranged a $40.00 million guarantee facility under Global Trade Finance Program (GTFP) of IFC. Under the agreement, Bank Asia will be enjoying short term loan facility for US$ 40 million from IFC as Working Capital Solutions (WCS) which will ultimately contribute to trade business in emerging markets.



The program will allow Bank Asia to enhance its loan balance sheet size and to serve the clients with enhanced tenor and competitive pricing. Bank Asia will be able to extend USD based short term funding to the eligible borrowers by strengthening its trade services, allowing export-oriented business enterprises to have continued access to trade finance.



In addition, the loan and trade guarantee facilities will pay for critical value-chain imports, promote Bangladesh’s global trade as IFC provides partial or full guarantee against underlying trade instruments and covers the payment risk of participated issuing banks.


03-Aug-2017
BANK ASIA & IFC SIGN AGREEMENT

Caption:The President & Managing Director of Bank Asia -Mr. Md. Arfan Ali and Ms. Ariane Di Iorio - Manager and Head of Financial Institutions Group, IFC South Asia inked the agreement on behalf of the respective sides at a function held at the Corporate Office of Bank Asia at Purana Paltan in the city Wednesday on August 02, 2017. The Deputy Managing Directors, the EVP & Head of International Division Mr. Md. Zia Arfin and other senior executives of both institutions were present at the agreement signing ceremony.  



Bank Asia has signed an Agreement on Working Capital Solutions (WCS) Facility with International Finance Corporation, IFC - a private sector arm of the World Bank Group. By this agreement IFC has provided $40.00 million Working Capital Solutions (WCS) Facility. Bank Asia has also arranged a $40.00 million guarantee facility under Global Trade Finance Program (GTFP) of IFC. Under the agreement, Bank Asia will be enjoying short term loan facility for US$ 40 million from IFC as Working Capital Solutions (WCS) which will ultimately contribute to trade business in emerging markets.



The program will allow Bank Asia to enhance its loan balance sheet size and to serve the clients with enhanced tenor and competitive pricing. Bank Asia will be able to extend USD based short term funding to the eligible borrowers by strengthening its trade services, allowing export-oriented business enterprises to have continued access to trade finance.



In addition, the loan and trade guarantee facilities will pay for critical value-chain imports, promote Bangladesh’s global trade as IFC provides partial or full guarantee against underlying trade instruments and covers the payment risk of participated issuing banks.


31-Jul-2017
Agent Banking Activities and Operational Procedures

Caption: Mr. Md. Arfan Ali, President & Managing Director of Bank Asia poses with the participants of a day-long training program on “Agent Banking Activities and Operational Procedures” held at the Bank Asia Institute for Training & Development (BAITD) at Lalmatia in the capital city Dhaka on Saturday (29 July 2017).  Mr. Md. Azharul Islam, Head of BAITD, Mr.Golam Gaffar Imtiaz Chowdhury, Head of Branch, Lalmatia, Mr. M. Ahsan Ul Alam, Head of Agent Banking Division, Mr. Mohammad Rafiqul Islam Shikder, AVP, Islamic Banking Division and Mr. Mahbubul Hasan, FAVP of Agent Banking Division are, among others, seen in the photograph.


25-Jul-2017
UNDP, Bank Asia innovate together for social safety net payments

Caption: UNDP Bangladesh Country Director Mr. Sudipto Mukerjee and President and Managing Director, Bank Asia Mr. Md. Arfan Ali is exchanging an MoU on easier access to social safety net payment inked at the Corporate Office of Bank Asia at Purana Paltan, Dhaka on Sunday (23 July, 2017). Vice Chairman of the Bank Mr. AM Nurul Islam, Assistant Country Director of UNDP Ms. Shaila Khan, Deputy Managing Directors of Bank Asia Ms. Humaira Azam, Mr. Md. Zahirul Alam, Mr. Mian Quamrul Hasan Chowdhury and Mr. Mohammad Borhanuddin and Vice President & Head of Agent Banking Division Mr. Ahsan Ul Alam are, among others, seen in the picture.



Bank Asia Limited and the United Nations Development Programme (UNDP) on Sunday signed a Memorandum of Understanding (MoU) to jointly support easier access to social safety net payments through digital financial inclusion. This new partnership is a ‘groundbreaking’ initiative aiming to bring financial safety payments and services at the doorstep, including providing financial literacy, which will specifically benefit the rural population, said both the UNDP and Bank Asia.



“In the continuous efforts to reach Bangladesh’s development goals within the Agenda 2030 and the 7th Five-Year Plan, involvement of all sectors, especially the private sector is essential,” said UNDP Bangladesh Country Director Mr. Sudipto Mukerjee at the signing ceremony held at the Corporate Office of Bank Asia at Purana Paltan in the capital city Dhaka.   



President and Managing Director, Bank Asia Mr. Md. Arfan Ali said this is a prime example of the private sector designing inclusive business models and services moving beyond corporate banking business. “The partnership will expand bank account adoption, consequently accelerating the pathway out of poverty for approximately 10,000 people in the first two years.”



Vice Chairman of Bank Asia Mr. AM Nurul Islam said poverty reduction is the core mission of the Bank Asia. “In line with this our bank has been working all over the country for financial inclusion of unbanked population using its digital banking platform and thus trying to make a tangible turn in the development of national economy.” 



The MoU signing ceremony was attended, among others, by Assistant Country Director of UNDP Ms. Shaila Khan, Deputy Managing Directors of Bank Asia Ms. Humaira Azam, Mr. Md. Zahirul Alam, Mr. Mian Quamrul Hasan Chowdhury and Mr. Mohammad Borhanuddin and Vice President & Head of Agent Banking Division Mr. Ahsan Ul Alam.



The pilot district will be selected by Bank Asia and UNDP, during the research phase.



The UNDP said the signing of this agreement is yet another example of stretching partnerships between UNDP and private sector under the umbrella of the “Innovation Hub” - an alternative partnership model for Private Sector engagement launched in 2017 by UNDP and the United Nations Volunteer (UNV) Programme.



The Innovation Hub is a platform for collaborating with private sector towards achievement Sustainable Development Goals (SDGs) and Agenda 2030.


22-Jul-2017
Bank Asia Holds Half-yearly Business Review Meeting-2017

Caption: Mr. A Rouf Chowdhury, Chairman of Bank Asia is seen at the Half-yearly Business Review Meeting-2017 for Dhaka Zone of the Bank held today (Saturday, 22 July 2017) at a hotel in the capital city Dhaka. Vice Chairmen Mr. Mohd. Safwan Choudhury and Mr. AM Nurul Islam, Chairman of Board Audit Committee Mr. Md. Mashiur Rahman, former Chairman of Board Executive Committee Mr. Rumee A Hossain and President & Managing Director Mr. Md. Arfan Ali are also seen in the picture.



Half-yearly Business Review Meeting-2017 of Bank Asia was held on Saturday (22 July, 2017) at a hotel in the capital city Dhaka. Mr. A Rouf Chowdhury, Chairman of the Bank and Chief Guest of the program inaugurated the meeting. Vice Chairmen Mr. Mohd. Safwan Choudhury and Mr. AM Nurul Islam, Chairman of Board Audit Committee Mr. Md. Mashiur Rahman, former Chairman of Board Executive Committee Mr. Rumee A Hossain and President & Managing Director Mr. Md. Arfan Ali, among others, were present.



With the participation of the Heads of all Branches from Dhaka Zone, SME/Agri Branches, top executives and departmental heads of Corporate Office, the meeting became interactive and lively. A critical review of the business performance of the Bank in the first six months of the year was made in the meeting. Taking previous experience into consideration and analyzing the industry and economic outlook, a strategic action plan was drawn to face the economic challenges and achieve the objectives and goals for upcoming months. In the backdrop of current economic scenario, prevailing market and industry situation, the semi-annual business review conference emphasized on development and motivation of human capital, maintaining compliances and doing ethical business to achieve a sustainable growth.


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