Bank Asia becomes banking partner of Bangladesh Ansar & VDP Welfare Trust

Bank Asia PLC has entered into a strategic partnership agreement with the Bangladesh Ansar & VDP Welfare Trust, thereby becoming its primary banking partner.

The collaboration represents a significant stride towards strengthening financial inclusion, fostering digital empowerment, and enhancing welfare support for one of the largest uniformed forces in the country.

Maj Gen Abdul Motaleb Sazzad Mahmud, director general of Bangladesh Ansar & VDP, and Sohail RK Hussain, managing director of Bank Asia PLC, signed the agreement at the Trust's headquarters in Dhaka recently, according to a press release.

Through this partnership, more than six million members of Bangladesh Ansar & VDP nationwide will gain access to secure, inclusive, and digitally advanced financial solutions.

The alliance will encompass a comprehensive suite of services, including employee banking benefits tailored to the requirements of Ansar & VDP personnel; savings and credit facilities designed to promote financial growth and resilience; lifestyle finance solutions enabling convenient access to consumer and personal loans; and digital banking services delivered through Bank Asia's robust platforms, ensuring seamless transactions anytime, anywhere.

This initiative is expected not only to strengthen the financial empowerment of Ansar & VDP members but also to make a substantial contribution to the wider vision of a "Digital Bangladesh" by encouraging cashless transactions and extending the reach of formal banking services to the grassroots, the release added.