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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.


11-Jul-2017
Bank Asia Provides Foundation Training to Officers

Caption: Mr. Md. Arfan Ali, President & Managing Director of Bank Asia poses with the participants of 42nd 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 (9 July, 2017). Mr. Md. Zahirul Alam, Deputy Managing Director, Mr. Md. Azharul Islam, VP & Head of Training, BAITD, Mr. Golam Gaffar Imtiaz Chowdhury, VP & HOB, Lalmatia & Mr. Sujit Kumer Sen, AVP, BAITD are also seen in the picture.



Bank Asia kicked off a 23-day Foundation Training for its 40 (forty) officers aiming to improve their professional efficiency. Mr. Md. Arfan Ali, President & Managing Director of the Bank inaugurated the 42nd Foundation Training Course at Bank Asia Institute for Training & Development (BAITD) at Lalmatia in the capital city Dhaka on Sunday (9 July 2017). Mr. Md. Zahirul Alam, Deputy Managing Director, 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.


10-Jul-2017
Mr. Fazle Kabir, Governor of Bangladesh Bank, is handing over sanction of SME Entrepreneur Loan of Bank Asia Ltd to a client at a function held at DC Office Kishoregonj

Caption:Mr. Fazle Kabir, Governor of Bangladesh Bank, is handing over sanction of SME Entrepreneur Loan of Bank Asia Ltd to a client at a function held at DC Office Kishoregonj on Saturday (8 July 2017). The loan was sanctioned through Niyamotpur Agent Outlet, Kishoreganj. Deputy Commissioner (DC) of Kishoreganj Mr. Md. Azimuddin Biswas, Deputy Managing Director of Bank Asia Mr. Md. Zahirul Alam and Head of Tarail Branch of the Bank Mr. Sarwar Khan Sumon are, among others, seen in the picture.


08-Jul-2017
Vice Chairmen of Bank Asia Re-elected

Mr. Mohd Safwan Choudhury and Mr. A M Nurul Islam Anu have been re-elected Vice Chairmen of Bank Asia at a meeting of the Board of Directors of the Bank held on 3 July, 2017.



Vice Chairman Mr. Mohd Safwan Choudhury is an eminent industrialist of the country. Former President of Sylhet Chamber of Commerce & Industries, Mr. Choudhury is the Managing Director of M. Ahmed Tea & Lands Co. Ltd, Phulbari Tea Estates Ltd., M Ahmed Cold Storage Ltd, Premier Dyeing & Calendering Ltd. and M. Ahmed Food & Spices Ltd. He also served as the Chairman of Bangladesh Tea Association. He is the President of FIVDB, an NGO providing primary education to the under privileged children. 



Vice Chairman Mr. Nurul Islam Anu, started his career as a teacher of University of Dhaka in 1961. Later, he joined in Pakistan Civil Service (CSP) in 1963. In Bangladesh Government, he held important assignments, including private secretary to the Prime Minister Bangabandhu Sheikh Mujibur Rahman and Joint Secretary to the President of Bangladesh. He had extensive exposure on international development financing issues while working as an economic diplomat in the Washington D.C (USA). He was a Director of National Bank Ltd. and acted as Chairman of its Audit Committee. He joined the Board of Bank Asia in 2008 and acted as the Chairman of Audit Committee and subsequently as Chairman of Risk Management Committee. Mr. Nurul Islam Anu is a well-known columnist and contributes extensively in national dailies.


08-Jul-2017
Mr. Fazle Kabir, Governor of Bangladesh Bank, is handing over sanction of SME Entrepreneur Loan of Bank Asia Ltd to a client at a function held at DC Office Kishoregonj

Caption:Mr. Fazle Kabir, Governor of Bangladesh Bank, is handing over sanction of SME Entrepreneur Loan of Bank Asia Ltd to a client at a function held at DC Office Kishoregonj on Saturday (8 July 2017). The loan was sanctioned through Niyamotpur Agent Outlet, Kishoreganj. Deputy Commissioner (DC) of Kishoreganj Mr. Md. Azimuddin Biswas, Deputy Managing Director of Bank Asia Mr. Md. Zahirul Alam and Head of Tarail Branch of the Bank Mr. Sarwar Khan Sumon are, among others, seen in the picture.


03-Jul-2017
Bank Asia Declares 12% Bonus Share

Caption: Mr. A. Rouf Chowdhury, Chairman of Bank Asia is presiding over the 18th Annual General Meeting of the Bank held today (Monday, 3 July, 2017) at the Dhaka Lady’s Club in the capital city Dhaka. Vice Chairmen Mr. Mohd. Safwan Choudhury and Mr. A.M. Nurul Islam, Chairman of Executive Committee Mr. Rumee A. Hossain, Chairman of Audit Committee Mr. Mashiur Rahman, Directors Mr. M. Irfan Syeed, Mr. Md. Shahajahan Bhuiyan, Mr. Md. Nazrul Huda, Ms Farhana Haq Chowdhury and President & Managing Director Mr. Md. Arfan Ali are also seen in the picture.



Bank Asia has declared 12% Bonus Share for the year 2016 at the 18th Annual General Meeting of the Bank held today (Monday, 3 July, 2017) at Dhaka Lady’s Club in the capital city Dhaka. Mr. A. Rouf Chowdhury, Chairman of the Bank presided over the meeting. With 12% stock dividend, the paid-up capital of the Bank would increase to Tk. 9.87 billion. Vice Chairmen Mr. Mohd. Safwan Choudhury and Mr. A.M. Nurul Islam, Chairman of Executive Committee Mr. Rumee A. Hossain, Chairman of Audit Committee Mr. Mashiur Rahman, Directors Mr. M. Irfan Syeed, Mr. Md. Shahajahan Bhuiyan, Mr. Md. Nazrul Huda, Ms Farhana Haq Chowdhury and President & Managing Director Mr. Md. Arfan Ali were present.



There was a large turn-out of the shareholders in the annual general meeting. They expressed satisfaction at the overall performance of the Bank and approved the accounts for the year 2016. The meeting started in the morning with chorus of national anthem rendered by artists of Bank Asia and all the shareholders stood and lend voice to the national anthem.


03-Jul-2017
A. Rouf Chowdhury re-elected as Chairman of Bank Asia

A. Rouf Chowdhury has been re-elected Chairman of Bank Asia at a meeting of the Board of Directors of the Bank held on Monday (3 July, 2017). He is the main promoter of Bank Asia.



Mr. Chowdhury is an eminent businessman and industrialist of the country. He is the Chairman of Rangs Group and Sea Resources Group. He is also a Director of the Daily Star, the highest circulated English daily in the country.



Mr. Chowdhury was the President of Bangladesh Basket Ball Association for four years. He has been a member of Executive Committee for Kurmitola Golf Club for over 20 years. Mr. Chowdhury has been actively associated with many social activities.


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