Banking & Financial Institution

The opportunity for Banking and Financial Institutions are enormous in the context of the developing economy of Bangladesh. With the projected growth of the economy from $180 billion to $322 billion by 2021, a 6.6% growth rate of the GDP, and net Foreign Direct Investment hitting over $2.2 billion in 2015, the Banking & Financial Institutions are likely to become one of the most profitable sectors of Bangladesh. The ever-growing population and the changes in the social and corporate culture in the social and corporate culture have accelerated the expansion and growth of the Bangladeshi Banking & Financing Sector. In accordance with the report of Bangladesh Bank, there are 56 scheduled banks, 4 non-scheduled banks, and 31 Financial Institutions operating their business in Bangladesh, which is increasing day by day. As of now, there are 9 Foreign Commercial Banks operating their business in Bangladesh and it is very much expected that in the near future more banks will initiate their business by opening new branches in Bangladesh. 

The firm provides legal solutions and advice regarding setting-up, merger, acquisition, restructuring, policy-making, and operational issues of Banking and Financial Institutions. The firm provides specialized legal services to Banks/Financial Institutions with due diligence processes, mortgage agreements, loan agreements, non-performing loan recovery suits, hypothetical syndication, issuance of commercial papers, and solutions to issues related to their internal policies and employment matters. A.S & Associates regularly works with 18 different Banks and 4 Financial Institutes and has experience working with Foreign Banks for setting up a new financial institution in Bangladesh.