Prospectus

Formation

Prominent banker Kazi Md. Shafiqur Rahman (Former Managing Director, Mutual Trust Bank Limited) first thought that almost all the sectors in the country (say, BCS cadres, Doctors, Engineers, Agriculturists, Armed Forces, Police Forces, Business Communities and so on) have forum or association to raise their voice for the professional cause and their welfare. But although banking is a big and important sector of the country they do not have any such platform or forum for the officers of the banks. He felt that a single organized platform is very necessary to have a combined voice for the welfare of the officers as well as for the cause of their family members and dependents. At his personal initiative a meeting of bankers was organized on 18th October, 2014 at Captains' World, Shaheed Jahangir Gate, Mohakhali, Dhaka where officers from as many as 13 commercial banks attended. After realizing the gravity and importance all the officers present consented to form an association of bankers namely "Bankers' Welfare Association Bangladesh (BWAB)". In that meeting a Convening Committee was formed giving the responsibilities of Convener to Mr. Kazi Md. Shafiqur Rahman, Member Secretary to Mr. Ahsan Habib, SVP, Trust Bank Limited and Treasurer to Mr. Alamgir Hasan, SAVP, Mutual Trust Bank Limited. As a result of the sincere efforts of that Convening Committee Bankers' Welfare Association Bangladesh (BWAB) was accredited with the License No. 25/2016 dated 25/10/2016 from the Ministry of Commerce and got Registration No. TO-936/2016 dated 15/11/2016 from RJSC, Dhaka. Now, this is the only legal, registered and big forum of the banking and financial institution community of the country. BWAB is the only platform to raise a combined voice of unity for the welfare of its members from Banks and NBFIs, their family members and dependents throughout the country.

Memorandum & Articles of Association (PDF File)


Executive Committee

As per Memorandum & Articles of Association Bankers' Welfare Association Bangladesh (BWAB) is run by Executive Committee consisting of 23 members. As per provision of Memorandum & Articles of Association of BWAB the Executive Committee is being re-constituted every after two years.


Advisory Board

BWAB has Advisory Board consisting of three prominent personalities (bankers) of the country.

  1. Khondkar Ibrahim Khaled (Deceased)
    Former Deputy Governor
    Bangladesh Bank
  2. Mohammed Hossain
    Former Managing Director
    Sonali Bank Limited
  3. Mohammed Lakiotullah
    Vice Chairman, Hajj Finance Company Limited
    Former Vice Chairman, Board of Directors, Bank Asia Limited


Regional Sub-Committee

In the meantime, Chattogram Regional Sub-Committee has been formed. On the basis of presence of members Sub-Committees in different Divisions and Districts are being formed. Interested and willing members to work actively are requested to contact President, BWAB for inclusion in the Regional Sub-Committee of different Divisions and Districts.


Purpose & Objective

  1. The main purpose of Bankers' Welfare Association Bangladesh (BWAB) is to stand as the single largest legal and registered platform for combined voice of its members from the Banks and NBFIs for the cause and welfare of the members as well as their family members and dependents.
  2. BWAB will have the slogan for its members as given hereunder:
    • Members love the institution where they work
    • Members will be committed to work with full dedication
    • Honesty and sincerity is the strength for success
    • Success and achievement is the outcome of collective efforts.
  3. BWAB intends to build the members as efficient executive to be recognized in the banking/financial sector and to place them in a unique and ideal position in the country through training, practical demonstration, seminar, workshop, case studies, enabling them to build ideas of product development, discussion on different problems faced by them in day to day function, customers' opinion and problem solution. This efficiency will help them contribute more to their own institution. As a result, the members will be able to contribute more up to the satisfaction of their management and their output will be evaluated properly in their own workplace. At the same time, their efficiency will be recognized and evaluated if they intend to migrate to other institutions. For this purpose, a Learning and Human Resources Development Centre will be set up at BWAB.
  4. BWAB will have a Research & Development Centre where different research activities will be undertaken. Efforts will be there to publish Souvenir, News Letter, Journal, Periodicals covering contemporary issue/topics of banking & economy of the country and also highlighting positive activities of the Banks & NBFIs.
  5. Savings fund out of monthly contribution of members will be invested at the prevailing best profit rate in the shariah based account in the Banks or NBFIs.
  6. BWAB will work to provide for its members emergency health care like accident and treatment during old age.
  7. Provide financial support for personal cause of the members, financial support to the sons/daughters of the members to become successful entrepreneurs.
  8. BWAB will play a supportive role for the honest and dedicated bankers who become victim due to circumstances.
  9. BWAB will stand beside the members as and when situation demands.
  10. Meritorious kids of the members of BWAB will be recognized and awarded with the BWAB Crest every year.
    Scholarships will be arranged for the meritorious kids of the members.
  11. Will stand beside the distressed, flood affected, affected due to other natural causes initially in the locality of its members and in phases in all the localities of the country according to the strength and ability.
  12. Different projects beneficial to the members of the Bankers’ Welfare Association Bangladesh (BWAB) will be undertaken considering importance and priority as per consensus decision of the members. For this purpose procurement of land/space, building or construction of housing project, hospital, academic institutions (school, college, university) shopping complex, community hall, resort, picnic spot, SME projects or any other risk free investment or business establishment beneficial to the members will be undertaken.
  13. Fund collected from members for different projects will also be deployed at the prevailing best profit rate in the shariah based account till the project work begins.
  14. Efforts will be there to provide training in future for the kids of members as well as for skill development and Entrepreneurship Development for making them Self-Employed since employment opportunity in the country is reducing.
  15. In future BWAB will honor giving crest to BWAB members recognizing their performance and contribution in BWAB.
  16. BWAB has a plan to give BWAB Crest to successful bankers for their performance, honesty and integrity nominating from different banks and financial institutions.
  17. BWAB will arrange discussion meeting, interaction, seminar with the business houses, clients to know the cooperation needed by the banks and financial institutions and to make a bridge of cooperation between bankers and customers/clients.
  18. Efforts will be there to attain the BWAB to a greater height with its activities to get accreditation of Bangladesh Bank, Government and even also from International Level.


Eligibility of Membership

All officers of Banks & Financial Institutions (Both in Service or Retired) are eligible to become member of Bankers' Welfare Association Bangladesh (BWAB).
Registration of membership is open throughout the year.

Particulars required for Membership

  1. Name
  2. Designation
  3. Name of Bank/Financial Institution
  4. Place of posting
  5. Personal Mobile & E-mail No.

These particulars to be sent through SMS to: 01628551286 or E-mail to: bwab14@gmail.com
Immediately, Membership No. with other detail will be informed to the intending Person to his/her E-mail.
After deposit & particulars to be sent to: 01628551286 or E-mail to: bwab14@gmail.com

NB: There is provision for Auto Registration / Online Registration of Membership clicking Registration option at the Website of BWAB.

Membership Form (DOC File and PDF File)


Membership Fee

There is option to become General Member and Life Time Member
General Membership Fee is Tk. 5,000/- (Yearly Renewal Fee is Tk. 500/-)
Life Time Membership Fee is Tk. 20,000/- and is required to be paid one time; no renewal is necessary.
On getting Membership No. membership fee to be deposited to the account as mentioned in the BWAB Bank Account Information below.

Members' Monthly Subscription for Savings Fund

Each member has the option/liberty to deposit/subscribe monthly Tk.500- to Tk.10,000/-according to own discretion/desire to place the fund to a maximum profit bearing account for savings purpose at the best competitive prevailing market rate.
This contribution may be paid/deposited monthly, quarterly, half-yearly or yearly basis as per desire or convenience of the individual member. However, mode of deposit/payment to be informed on getting Membership No.
Although contribution amount will be deposited to the Central Account of Bankers' Welfare Association (BWAB), separate Individual Account in the name of each member will be maintained at the BWAB Office for proper record and profit distribution when time will arise. Yearly Account Statement will be provided to each member through E-Mail for information and transparency.


Withdrawal of Membership

If any member wishes to withdraw his/her deposited money for genuine reason that will be allowed with due approval of the Executive Committee of BWAB and his/her membership will be cancelled.
However, that particular member will have to inform the President, BWAB in writing to complete the required formalities.

On Expiry

In case of expiry (demise) of any member his/her nominee shall be entitled to receive the deposited money with profit.


BWAB Bank Account Information

  1. Membership Fee Tk. 5,000/- (Yearly Renewal Fee Tk. 500) and BWAB ID Card Fee Tk. 300/-
    or Life Time Membership Fee Tk. 10,000/-to be deposited to:
    A/C Name: Bankers’ Welfare Association Bangladesh
    A/C No: 0460210009986 direct or through EFTN (Routing No. 145264851 where necessary)
    Address: MTB Centre Corporate Branch, Gulshan-1, Dhaka
    and
    BWAB bKash Merchant Mobile No. 01628551286
    Please click HERE for information about user manual.

  2. Amount for Bankers' City Housing Society to be deposited to:
    A/C Name: BWAB Project Fund
    A/C No. 0046-0210010278 (Routing Number 145264851 where necessary)
    Address: MTB Centre Corporate Branch, Gulshan-1, Dhaka
    and
    BWAB bKash Merchant Mobile No. 01628551286
    Please click HERE for information about user manual.

  3. Monthly Contribution/Subscription Tk. 500/- to Tk. 10,000/- savings amount to be deposited to:
    A/C Name: BWAB Members' Contribution Fund
    A/C No: 0046-0210010269 direct or through EFTN (Routing Number 145264851 where necessary)
    Address: MTB Centre Corporate Branch, Gulshan-1, Dhaka
    and
    BWAB bKash Merchant Mobile No. 01628551286
    Please click HERE for information about user manual.

    Information to be given to- e-mail: bwab14@gmail.com for option of Monthly Member's Savings Contribution/Subscription (from Tk.500/- to Tk.10,000/- and mode of deposit/payment say, monthly/quarterly/half-yearly/yearly as per desire and convenience of each) for record at BWAB Office.
    Monthly Contribution/Subscription shall be payable w.e.f. January, 2019 and to be deposited within 10th of the following month.

  4. মানবতার সেবায় Distressed Fund গঠন:
    সমাজের গরিব, অসহায়, দুর্দশাগ্রস্ত এবং হতদরিদ্র মানুষের সাহায্যার্থে ও চিকিৎসা সেবা প্রদানের লক্ষ্যে আসুন আমরা সবাই মিলে একটি ফান্ড গঠন করি।
    BWAB এর সদস্যগণ, ব্যাংক / আর্থিক প্রতিষ্ঠানে কর্মরত / অবসরপ্রাপ্ত, ব্যবসা প্রতিষ্ঠানসহ মানব দরদি সকল ব্যক্তি বর্গ সাহায্য করে অংশগ্রহন করতে পারেন। এমনকি যাকাত বা CSR Fund থেকেও সাহায্য করে অংশগ্রহন করতে পারেন।
    ব্যাংক একাউন্টের তথ্য:

    A/C Name: BWAB Collection Account
    A/C No.0460210009986 direct through EFTN (Routing No. 145264851 where necessary) with MTB Centre Corporate Branch, Gulshan-1, Dhaka.
    and
    BWAB bKash Merchant Mobile No. 01628551286
    Please click HERE for information about user manual.

NB: All the above mentioned deposits may be made directly or through EFTN
(Pls. mention Routing Number for depositing from outside Dhaka City places)
In narration of Deposit Slip - Membership No. & Name of the Member is to be written clearly.
After deposit, information to be sent mentioning Name, Membership No. & Date of Deposit by E-mail to: bwab14@gmail.com with scan copy of deposit slip.


Re - Admission

Any person, who has withdrawn or been removed from the membership, may at any time be re-admitted at the discretion and satisfaction of the Executive Committee on a fresh application made there for and on payment of arrears, if any, in full which is only for the purpose of Rules of Election of Association.


Get - Together

As per consent of the members of the association get-together (including the family members, if possible) will be organized at least once a year at a suitable place, preferably of tourist attraction, for excursion to build family tie and good relation among the members.


Annual General Meeting (AGM)

Annual General Meeting (AGM) will be held to approve the Annual Report/Balance Sheet of the Association as per approval of the Executive Committee according to Articles of Association. Any constructive suggestion/opinion from the members will be given due importance in the AGM.


Welfare activities undertaken by BWAB so far

Bankers’ Welfare Association Bangladesh (BWAB) is committed to work for the cause & welfare of the members of BWAB, their family members and dependents as well as for the whole community of officers (both in service & retired) of Banks and NBFIs.

Activities and Steps taken-at a glance
Formed BWAB as a legal, authorized and registered forum under Ministry of Commerce License No.25/2016 dated 25/10/2016 and registered by RJSC under Registration No.TO-936/2016 dated 15/11/2016.

  1. Convened 4 (four) AGM well in time and EC meetings are being held at regular interval.
  2. BWAB Advisory Board formed with the following distinguished personalities:
    1. Mr. Khondkar Ibrahim Khaled (Deceased), Former Deputy Governor, Bangladesh Bank,
    2. Mr. Mohammed Hossain, Former Managing Director, Sonali Bank Limited &
    3. Mr. Mohammed Lakiotullah, Vice Chairman, Board of Directors, Hajj Finance Company Limited. (Former MD, Exim Bank Ltd. and Jamuna Bank Ltd. Former Vice-Chairman, Bank Asia Ltd.)
  3. Fund collected from members on account of monthly savings contribution is being invested in sharia based account at the prevailing best profit rate in the market.
  4. Different projects beneficial to the members of the Bankers’ Welfare Association Bangladesh (BWAB) are being undertaken considering importance and priority as per consensus decision of the members.
    In the meantime, Launching of “Bankers’ Housing Project” held on 26/03/2022. The location of the Housing project land is Moon-Hill Project of Civic Real Estate Ltd. adjacent to Sector-28 of the “Government approved Rajuk Purbachal New Town” in between three wide roads: on the front side 180 Feet Asian Highway, on the right side 120 Feet Wide Road coming from Ashkona and on the back side 150 Feet Wide Road of Rajuk. In phases BWAB has plan to go for establishment of hospital, academic institutions (school, college, university), community hall, shopping complex, resort, picnic spot, SME projects or any other risk free investment or business establishment beneficial to the members and the community of Banks & NBFIs.
  5. Activities during Covid-19 Situation
    • 1)  Appeal made to Governor, Bangladesh Bank as well as Honorable Prime Minister for closure of Banks for a temporary period with all other sectors at a time to avoid serious deterioration of Covid-19 and afterwards keep limited number of bank branches open for limited period when situation improves.
    • 2)  Appeal made to Governor, Bangladesh Bank for granting additional incentive allowance to the bank employees who will work during Covid-19 crisis period, health insurance and compensation package in case of death of officers.
    • 3)  Covid-19 Monitoring Committee & Quick Response Team of BWAB formed.
    • 4)  Arrangement made with Dr. Nahid Sultana for advice and free treatment of corona affected BWAB Members, their family members & dependents.
    • 5)  MOU was established for Covd-19 and other tests at subsidized rate with three hospitals namely Ibn Sina, International Medical College & Hospital (IMCH) and CSBF Health Center for the BWAB Members, their family members & dependents
    • 6)  Approach made to BAB, ABB & all MD & CEOs individually to consider the following:
      1. That no bank employee serving in private commercial banks is suffered or affected without valid reason and forced to leave bank or submit resignation.
      2. That employees of private commercial banks get incentive/profit bonus without any discrimination.
      3. That employees of private commercial banks are also allowed different allowances like Baishakhi Allowance etc. as per Government decision.
    • 7)  Approach was made to the Chairman, Board of Directors, the City Bank Limited to review and not to implement the decision of lowering the salary and other financial benefit of officers when they took such decision during Covid-19 situation.
    • 8)  Approach made to the Governor, Bangladesh Bank to look into the matter of decision of The City Bank Limited regarding lowering the salary and other financial benefit of their officers and issue necessary instruction from Bangladesh Bank so that no such step of salary cut is taken by any private commercial bank in Bangladesh including The City Bank Limited to uphold the image of the banks and not to fall under criticism of financial weakness.
    • 9)  Letter sent to BAB requesting to take initiative to establish a Combined Bankers' Hospital.
    • 10)  Letter of request sent from BWAB to MD & CEOs of all PCBs, Chairman, Association of Bankers Bangladesh (ABB) for arrangement with particular hospital for Covid-19 test and treatment of bank employees.
    • 11)  Consequent upon recommendation of 13 points made by Bangladesh Association of Banks (BAB) and sent to all PCBs, a letter was sent to them from Bankers' Welfare Association Bangladesh (BWAB) not to implement the reduction of salary & other financial benefit of officers. It was also requested to consider the following issues:
      1. Not to reduce salary & other financial benefit of officers at any cost
      2. To allow yearly increment of officers in general
      3. To allow incentive bonus to officers according to profit of the respective bank
      4. To consider promotion of officers in all banks as per set criteria and to follow similar criteria of promotion for officers by all the banks
      5. To take proper step to follow similar designation of officers by all the banks (as for example, Officer, Senior Officer, Principal Officer, Senior Principal Officer, AVP, VP etc.)
    • 12)  President, BWAB took steps to cover all the above mentioned matter of bank employees to different news media. As a result, the issues got coverage in Banik Barta, Banking News, bdnews24.com, Dhaka Times, jagonews24.com and Jugantor.
    • 13)  Remarkable thing for BWAB is to mention the call from Ekattor Journal, Ekattor TV to attend a LIVE discussion on Banking Issue - specially topic of Salary Reduction of Bank Officers where the President, BWAB got the opportunity to give his views for not to reduce salary of bank officers by banks so that bank officers remain motivated and not demoralized; He could mention that banks may take other possible steps to reduce expenses and to increase income. This had a very positive impact in the banking sector and on the bank management.
    • 14)  Letter of appreciation was sent to the Chairman, Board of Directors and Managing Director of South Bangla Agriculture and Commerce Bank Limited conveying best wishes & congratulations from BWAB for taking decision not to reduce salary of officers of their bank.
    • 15)  Letter of appreciation conveying best wishes & congratulations from BWAB was sent to the Managing Director of NBL, MTBL and other banks for taking decision not to reduce salary of officers of their bank.
    • 16)  Letter of appreciation conveying best wishes, congratulations & gratitude from BWAB was sent to the Honorable Governor, Bangladesh Bank and his team for taking some important steps for the benefit & welfare of the banking community of the country during the Covid-19 crisis.
    • 17)  On the basis of statement given by the President, BWAB, different News Media published the news that 2/3 PCBs have compelled the Senior level Officers of their banks to submit resignation. This had a very positive impact and BWAB could draw attention to the concerned department of Bangladesh Bank in the matter and also other steps so far taken by BWAB.
  6. Following Slogan of members of BWAB was posted to Face book Page of BWAB:
    • I love my institution where work
    • Honesty & Sincerity is my strength
    • I am committed to work with full dedication
    • Success & Achievement is the output of collective effort
  7. Following BWAB Slogan was posted to Face book Page of BWAB:
    • 1) Represents all officers of Banks & Non Bank Financial Institutions
    • 2) Raise strong voice for the genuine cause & welfare of the Banking Community
    • 3) Committed to make continuous efforts to solve the contemporary issues as & when demands
    • 4) Make efforts to bridging Banker-Customer Relation identifying the problems at both ends
  8. Virtual Platform of BWAB was established and meeting is being held as and when required.
  9. BWAB Research & Development (R&D) Center established where different research activities are being undertaken. In the meantime, Online Souvenir has been published, first ever quarterly e-News Letter namely “Voice of Bankers” has been launched on 30/3/2022 and it will continue to publish quarterly basis.
  10. BWAB Learning and HR Development Centre Established. BWAB intends to build the members as efficient executive to be recognized in the banking/financial sector and to place them in a unique and ideal position in the country through training, practical demonstration, seminar, workshop, case studies, enabling them to build ideas of product development, discussion on different problems faced by them in day to day function, customers' opinion and problem solution. This efficiency will help them contribute more to their own institution. As a result, the members will be able to contribute more up to the satisfaction of their management and their output will be evaluated properly in their own workplace. At the same time, their efficiency will be recognized and evaluated if they intend to migrate to other institutions.
  11. BWAB is committed to stand beside the poor, helpless, distressed, flood affected, affected due to other natural causes. In the meantime, “BWAB Distressed Fund Collection Account” has been opened. The purpose of this fund is to give financial help and support to the poor, helpless and distressed people for their genuine cause. All the distinguished persons of the society are requested to contribute to the fund according to their desire. One can even contribute from the Zakat Portion or CSR fund.
  12. Decision in the AGM has been taken that BWAB will play a supportive role for the honest and dedicated bankers who become victim due to circumstances.
  13. Chattogram Regional Sub-Committee has been formed. Gradually similar Regional Sub-Committee will be formed in other areas of the country.
  14. Brilliant kids of BWAB Members who secure 1st position in the final exam in the respective classes are congratulated awarding BWAB Crest in each AGM of BWAB.
  15. Business Personality Award has been introduced from the year 2020.
  16. Best Banker award among current Managing Directors and Best Prominent Bankers from retired Managing Directors will be introduced from 2021.
  17. From 2021 and onward BWAB will give recognition awarding Crest to BWAB members for their performance.
  18. Continuously working for addressing the contemporary issues beneficial to all the officers of Banks & NBFIs as and when situation demands.
  19. Efforts will be there to attain the BWAB to a greater height with its activities to get accreditation of Bangladesh Bank, Government and even also from International Level.