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Bank Asia Plc (Bangladesh)

Main Activities: Commercial Banking
Full name: Bank Asia Plc Profile Updated: May 15, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Bank Asia Limited is a commercial bank based in Dhaka, Bangladesh. It offers various conventional and Islamic commercial banking services to its customers through its branches, Islamic windows, SME centers, and alternative delivery channels such as ATMs, mobile banking, and internet banking. The bank operates in segments including Conventional Banking, Islamic Banking, Off-shore Banking unit, Bank Asia Securities Limited, BA Exchange Company (UK) Limited, and BA Express USA Inc. It has subsidiary companies and operates numerous branches, agent banking outlets, and ATM booths. Bank Asia Limited was launched in 1999 by a group of successful entrepreneurs and has since acquired the business operations of the Bank of Nova Scotia and the Bangladesh operations of Muslim Commercial Bank Ltd. The bank has experienced remarkable asset and liability growth and actively participates in the local and foreign currency markets. Its vision is to provide modern and innovative banking products and services at an affordable charge, with a commitment to maintaining high standards and utilizing technological advancements. Bank Asia Limited has played a significant role in financial inclusion in Bangladesh through its pioneering Agent Banking services, reaching remote areas of the country and serving millions of customers. The bank aims to continue expanding its Agent Banking Network and plans to launch the first-ever Digital Bank in Bangladesh.

Headquarters
Rangs Tower(2Nd And 6Th Floor), 68 Purana Paltan
Dhaka; Dhaka; Postal Code: 1000

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Website: http://www.bankasia-bd.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
November 27, 1999
Key Executives
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Chairman
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President
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Managing Director
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Vice Chairman
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Vice Chairman
Ownership Details
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51.2%
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22.27%
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14.56%
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11.42%
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0.37%
Subsidiaries
Ba Exchange Company (Uk) Ltd (United Kingdom)
100%
Ba Express Usa Inc. (United States)
100%
Bank Asia Securities Limited
100%
Company Performance
Financial values in the chart are available after Bank Asia Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net interest income
13.81%
Operating profit (EBIT)
-27.04%
Net Profit (Loss) for the Period
-18.79%
Total assets
1.26%
Total equity
3.3%
Total Assets Trend
-5.47%
Net Interest Income Trend
N/A
Loans to Deposits Ratio
-2.39%
Loans to Asset Ratio
2.09%

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