Prospectus

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Any person, who has withdrawn or been removed from the membership, may at any time be re-admitted at the discretion and satisfaction of the Executive Committee on a fresh application made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.