Bank Asia PLC
DDSE:BANKASIA16.80
BDT
+0.20
(+1.20%)
Bank Asia PLC
DSE:BANKASIA
(Dhaka Stock Exchange)
Recent
price
16.80
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div
yld
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ROIC.AI
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- Business
- Bank Asia PLC is a Bangladesh-based commercial banking institution engaged in the provision of conventional commercial banking, Islamic banking, agent banking, and related financial solutions to individual, small and medium enterprise, corporate, and institutional clients. The company operates through diverse business segments, offering a comprehensive suite of financial products and services, including: deposit products such as current accounts, savings accounts, fixed deposits, monthly benefit schemes, foreign currency accounts, and specialized savings accounts for students and senior citizens; consumer loan products comprising residential mortgages, auto loans, personal loans, secured overdraft facilities, and education financing; corporate banking facilities including working capital loans, project finance, term lending, syndicated loans, structured finance, trade finance, letters of credit, and bank guarantees; small and medium enterprise banking solutions consisting of specialized credit facilities, micro-enterprise funding, women entrepreneur financing, and agricultural loans; Islamic banking operations delivered via dedicated Shariah-compliant windows offering Mudaraba deposits, Musharaka, and Murabaha financing instruments; treasury and capital market operations encompassing foreign exchange dealings, money market trading, government securities management, and asset-liability management; offshore banking and international trade processing services; inward remittance delivery networks for non-resident Bangladeshis; securities brokerage, custodial services, and margin lending; and alternative delivery channels comprising the SMART App mobile application, My Bank internet banking platform, the Bank Asia ZEN digital banking suite, Scan-to-Cash branch QR withdrawal facilities, Bangla QR merchant payments, automated teller machines, cash deposit machines, and biometric-enabled agent banking outlets. Founded in September 1999 and commencing commercial operations in November 1999, Bank Asia PLC is headquartered in Dhaka, Bangladesh. The company operates a nationwide network of branches, sub-branches, SME centers, Islamic windows, and extensive rural and urban agent banking outlets across Bangladesh. It also maintains specialized subsidiaries, including Bank Asia Securities Limited in Bangladesh, BA Exchange Company (UK) Limited in the United Kingdom, and BA Express USA Inc. in the United States. In recent developments, the bank officially changed its legal name from Bank Asia Limited to Bank Asia PLC in April 2024. The institution has expanded its technology-driven capabilities through the rollout of its Scan-to-Cash service in August 2025 and the introduction of its Bank Asia ZEN digital banking platform in July 2026. In December 2025, the bank entered into a strategic agreement with Incepta Pharmaceuticals Limited to provide an integrated corporate cash management solution. Additionally, Bank Asia has continued expanding its role as a lead bank for the central bank's nationwide cashless initiatives and participated in cross-border agricultural financial inclusion pilots in collaboration with international microfinance organizations under the leadership of Managing Director Sohail R. K. Hussain.