As a requirement of the course MGT 351 (Human Resource Management), this group project report is assigned to us by our course instructor Ms. Shahanara Bhuiyan.
Objective of our report
The main objective of this project is to focus on the Human Resource activities of Bank Asia. We would like to focus on the following areas:
1. Recruitment & Selection
And also we want to relate the theoretical aspects of HRM with the practical aspects.
Collecting Data- Sources and Methods
We would like to follow the following 2 methods in our research work: 1. Primary Method: Under this we would like to take the interview of the Human Resource manager and also the employees of HR department of Bank Asia. 2. Secondary Method: Website (www.bankasia-bd.com), books, HR policy manual, annual report and newspapers will be our secondary sources.
Brief overview of Bank Asia
Bank Asia has been launched by a group of successful entrepreneurs with recognized standing in the society. The paid up capital of the Bank is 930 million. The management of the Bank consists of a team led by senior bankers with decades of experience in national and international markets. The senior management team is ably supported by a group of professionals many of whom have exposure in the international market.
Within a short span of time Bank Asia has established itself as one of the fast growing local private banks. It has at present a network of Twenty two branches serving many of the leading corporate houses and is gradually moving towards retail banking. Another significant delivery channel is its own as well as shared ATM Network. Bank Asia has a network of 25 ATMs out of which 6 it owns. The other 19 ATMs are shared through ETN with eleven other banks.
Since its humble beginning in 1999, it set milestone by acquiring the business operations of the Bank of Nova Scotia in Dhaka, first in the banking history of Bangladesh. It again repeated the performance by acquiring the Bangladesh operations of Muslim Commercial Bank Ltd. (MCB), a Pakistani bank.
In the year 2003 the Bank again came to the limelight with oversubscription of the Initial Public Offering of the shares of the Bank, which was a record (55 times) in our capital market’s history and its shares commands respectable premium.
The asset and liability growth has been remarkable. By Dec 2005 the total asset of the Bank grew to Tk 23,380 million, increase of almost 31% comparing to 2004. As of Dec 2005 deposits increased to Tk 18,500 million, an increase of 37% over that of 2004, and Loans & Advances reached Tk 17,870 million, an increase of 50% over that of 2004. Bank Asia has been actively participating in the local money market as well as foreign currency market without exposing the Bank to vulnerable positions. The Bank’s investment in Treasury Bills and other securities went up noticeably opening up opportunities for enhancing income in the context of a regime of gradual interest rate decline.
Bank Asia is maintaining it’s competitiveness by leveraging on its Online Banking Software and modern IT infrastructure. It is the pioneer amongst the local banks in introducing innovative products like SMS banking, and under the ATM Network the Stelar Online Banking software enables direct linking of a client’s account, without the requirement for a separate account.
[Sources:http://www.bankasia-bd.com/about_us.php] [Accessed 15th November 2006]
Vision of Bank Asia
Bank Asia’s vision is to have a poverty free Bangladesh in course of a generation in the new millennium, reflecting the national dream. Its vision is to build a society where human dignity and human rights receive the highest consideration along with reduction of poverty.
[Sources:http://www.bankasia-bd.com/vs_statement.php][Accessed 15th November 2006]
Mission of Bank Asia
A mission statement defines what business the...