Bank Asia plans to accelerate the expansion of retail and SME lending, strengthen its presence at home and abroad, widen its agent network, and continue leading digital innovation in the coming years. The private bank wants to expand SME and retail loans to at least 50 percent of the total portfolio within the next three years.
Retail banking in Bangladesh is entering a moment of reckoning. With the Bangladesh Bank (BB) preparing to issue digital banking licences, and with more organised mobile financial services, AI and platform technology becoming mainstream, it is no longer enough for a bank to be a place where peop
The banking industry as a business is inherently risky.
The banking scams and digital financial crimes plaguing our country are not just economic issues; they're a threat to our aspirations for a reformed Bangladesh.
The IMF mission met with the deputy governors, policy advisor, executive directors and directors in different meetings at the central bank headquarters.
BB plans to offer more permissions for digital banks in order to pave the way for full-fledged financial services based on a 100 percent branchless banking system
It took decades for Bangladesh to bring around 10 percent of the adult population under the banking system before the mobile financial service (MFS) accelerated the pace in the past decade.
Once the digital banks are launched, poultry vendors at bustling hubs like Kawran Bazar and even vegetable growers in rural villages will be brought under the banking umbrella
Genex Infosys Ltd, Navana Pharmaceuticals Ltd and Aramit Ltd have decided to invest in the proposed digital bank named UPAY Digital Bank PLC.
It took decades for Bangladesh to bring around 10 percent of the adult population under the banking system before the mobile financial service (MFS) accelerated the pace in the past decade.
Once the digital banks are launched, poultry vendors at bustling hubs like Kawran Bazar and even vegetable growers in rural villages will be brought under the banking umbrella
Genex Infosys Ltd, Navana Pharmaceuticals Ltd and Aramit Ltd have decided to invest in the proposed digital bank named UPAY Digital Bank PLC.
Internet banking transactions reached a record high amount of nearly Tk 50,000 crore in May, signifying the enhanced cost and time savings and convenience enabled over visits to brick-and-mortar branches for a growing number of bank account holders.
Bank Asia has decided to be a sponsor shareholder of a proposed digital bank by investing Tk 12.50 crore, said the private bank today.
“I got the courage to start writing and felt that, if the market practices and regulations of a particular issue are in one place it may help the bankers, customers as well as students”, the author writes.
