Explore
Institutions
Parliament Watch: members and their activity.
Government Watch: the executive, tracked over time.
University Watch: the higher-education system, tracked.
NGO Watch: civil society and development NGOs, tracked.
Development Partner Watch: the donors, tracked.
Industry Association Watch: the apex chambers, tracked.
Early warning
The Crisis Orb: a live, level-anchored hazard board.
The LDC 2029 graduation monitor.
The national early-warning board across hazards.
Early warning for the haor flood basin.
The multi-hazard exposure atlas, by district.
Where hazards compound across the same places.
A priority index ranking places by combined risk.
Cropland exposed to flood, heat, and salinity.
The bank distress watch: stress signals across banks.
The disaster ledger: events and losses over time.
Bank Watch
Foreign
The bank is currently in a transition phase, awaiting final regulatory approval to complete its merger and transfer of operations to Bank Asia PLC.
Emerging Credit Rating Limited affirmed AA+ long-term and ST-1 short-term ratings for Bank Alfalah Bangladesh.
Audited financial statements for the year ended December 31, 2025, were finalized and authorized for issue.
Ongoing acquisition process of Bank Alfalah Bangladesh operations by Bank Asia PLC for approximately Tk 580 crore.
STATUS: Bank Alfalah Bangladesh is a foreign commercial bank in a confirmed exit process. BAFL shareholders approved the BDT 5.8 billion sale to Bank Asia on 2026-03-26 (96.5% approval at AGM). As of 2026-05-20, regulatory approvals from Bangladesh Bank and State Bank of Pakistan are pending; the bank continues operating its 7 branches. The deal is NOT yet closed. HISTORY: Commenced Bangladesh operations on 2005-05-16 when it formally took over Shamil Bank of Bahrain's Bangladesh branch network for USD 17.88 million — this was Bank Alfalah's first international branch outside Pakistan. The parent (Pakistan) was incorporated 1997, majority-owned by Abu Dhabi Group. FINANCIALS: 2025 year-end figures reported in acquisition coverage: total assets Tk 2,942 crore (BDT 29,420,000,000), deposits Tk 2,100 crore (BDT 21,000,000,000), net assets Tk 102 crore (BDT 1,020,000,000), profit before tax Tk 29 crore (down 69% YoY from Tk 93 crore in FY2024). FY2023 figures per TBS: total balance sheet over Tk 3,100 crore, operating profit Tk 68 crore, net profit Tk 43 crore, shareholders' equity Tk 618 crore. Loans/advances, NPL ratio, and CAR not confirmed from primary sources — left null. FX rate used for 2025: USD 1 = BDT ~122 (implicit from $47.5m = Tk 580 crore). Gross loans figure not available from public sources. OPERATIONS: 7 branches across 3 districts — 5 in Dhaka (Gulshan, Motijheel, Dhanmondi, Mirpur, Uttara), 1 in Chattogram (Agrabad), 1 in Sylhet. Employee count not publicly disclosed for Bangladesh operations specifically. No ATM data confirmed. LEADERSHIP: Adil Islam appointed country head approximately April 2020 (exact date not confirmed; only month-year from The Business Standard/Daily Sun articles). md_ceo_since set to 2020-04-01 as approximate. No subsequent appointment publicly confirmed — the bank has been in wind-down/sale mode. NOTE ON HNB BID: Hatton National Bank (Sri Lanka) had submitted a non-binding indicative offer in early 2025 but withdrew on 2025-04-04. Bank Asia's definitive agreement was announced 2025-05-29 and shareholder-approved 2026-03-26. VERIFICATION STATUS: partial. Financial figures (total assets, deposits) confirmed from multiple press reports citing TBS/Daily Star but no primary balance sheet document retrieved. Loans/NPL/CAR not sourced from primary documents.