BM Desk : Bank Asia PLC, a publicly traded banking institution in the capital market, has announced its most recent credit rating. Credit Rating Information and Services Limited (CRISL), one of the premier credit rating agencies in the country, has assigned a credit rating to the bank. This rating has been established based on the audited financial statements for the fiscal year ending December 31, 2024, along with other pertinent information.
Sources from Bank Asia have disclosed this information.
As per the source, Bank Asia PLC’s short-term credit rating is ST-1. This rating indicates the bank’s sufficient liquidity and assured capacity to meet all types of obligations.
Additionally, the long-term credit rating is AA Plus. This signifies the bank’s high quality, strong security, and robust credit profile, with a medium risk level.
This credit rating will be valid until July 1 of the following year (2026).
It is noteworthy that Bank Asia PLC was listed on the Stock Exchange in 2004. The bank’s paid-up capital amounts to Tk 1,282.49 crore. Entrepreneur-shareholders and directors own 51.43 percent of the bank’s total shares, while institutional investors hold 39.34 percent. Conversely, general investors possess 9.23 percent of the shares.
