Bank Asia PLC is a private sector commercial bank in Bangladesh.[1] MR. SOHAIL R K HUSSAIN is the president and managing director of the bank.[2] Romo Rouf Chowdhury, chairman of Rancon Group, is the chairman of Bank Asia Limited.[3]
The bank was established as a private commercial bank on 28 September 1999, and incorporated in 1999.[1] it expanded through the purchase of the branches of Bank of Nova Scotia and Muslim Commercial Bank Limited.[1] In 2001, it purchased the operations of Scotiabank which entered Bangladesh in 1999.[4][1]
Bank Asia relocated its Nova Scotia branch from Bijoy Sarani to Kazi Nazrul Islam avenue.[5] It signed an agreement with Dutch-Bangla Bank Limited to have access to their automated teller machine network.[6]
In 2008, Bank Asia announced a 25 per cent stock dividends.[7] The bank also introduced Islamic banking.[8]
Bank Asia was awarded third prize in corporate governance disclosures and achieved certificate of merit under integrated reporting category in the 17th ICAB National Award for BPAR-2016.[9]
Bank Asia was awarded the Intellectual Property Protection Award in 2020 by the Bangladesh Copyright Board.[10] It arranged a seven billion taka loan for Bashundhara Group to build a cement plant.[11] Romo Rouf Chowdhury, chairman of Rangs Group, was elected chairman of the bank in August 2022.[12]