Bank Asia PLC. agreed to acquire Assets & Liabilities of Bank Alfalah from Bank Alfalah Limited.

Bank Asia Limited (the Bank) is a Bangladesh-based commercial bank. The principal activities of the Bank are to provide all kinds of conventional and Islamic commercial banking services to its customers through its branches, Islamic windows, small and medium enterprise (SME) centers, and vibrant alternative delivery channels (automatic teller machine (ATM) booths, Mobile banking, internet banking) in Bangladesh. The Company’s segments include Conventional Banking, Islamic Banking, Off-shore Banking, BankAsia Securities Limited, BA Exchange Company (UK) Limited and BA Express USA Inc. Its services include cash deposits, cash withdraw, cash transfer, inward foreign remittance, utility bill payment, social safety net cash payment, balance inquiry, account statement (mini), insurance premium collection, SME loan processing and others. The Bank has 135 branches, including four SME/Agri branches and four SME service centers, five Islamic Windows, 14 subbranches and 218 own ATM booths.