The new millennium is characterized by competition in all areas of business including banking business. A bank must innovate and evolve to be a leader with a unified goal of greater customer outreach and satisfaction.
Bank Asia Limited is one of the few banks permitted by the Bangladesh bank in the late 90s. In the beginning of 2001 Bank Asia acquired the operations of the Bank of Nova Scotia in Bangladesh. In September 2001 a Memorandum of Understanding was signed with the Muslim Commercial Bank Limited (MCB) of Pakistan to take over their operations in Bangladesh. Eventually MCB’s operation ware taken over through acquisition with effect from January 1, 2010. These events are mile stone in the forward march of the bank, first of their kind in Bangladesh and have added new dimensions to the banking industry in the country. The acquisitions have provided wider access to Bank Asia regionally and internationally and helped the Bank to expand its clientele.
Bank Asia Limited is one of the few banks permitted by the Bangladesh bank in the late 90s. In the beginning of 2001 Bank Asia acquired the operations of the Bank of Nova Scotia in Bangladesh. In September 2001 a Memorandum of Understanding was signed with the Muslim Commercial Bank Limited (MCB) of Pakistan to take over their operations in Bangladesh. Eventually MCB’s operation ware taken over through acquisition with effect from January 1, 2010. These events are mile stone in the forward march of the bank, first of their kind in Bangladesh and have added new dimensions to the banking industry in the country. The acquisitions have provided wider access to Bank Asia regionally and internationally and helped the Bank to expand its clientele.