Bank Asia on Sunday decided to be a sponsor shareholder of a proposed digital bank by investing Tk12.50 crore.
The board of directors of the bank approved a proposal in this regard.
The amount of investment is 10% of the total paid-up capital of the digital bank, said the lender in a disclosure on the Dhaka Stock Exchange.
Shares of Bank Asia were unchanged at Tk20.20 on the DSE on Sunday.
The Bangladesh Bank last month invited applications from entrepreneurs interested in establishing digital banks.
It will accept applications until August 1.
On June 1, Finance Minister AHM Mustafa Kamal said a central bank committee was working to draw up strategies to broaden financial inclusion.
Investors willing to set up a digital bank will have to have a minimum paid-up capital of Tk125 crore and the capital will have to come from sponsors.
The entity willing to set up a digital bank must be a public limited company.
The minimum shareholding stake of each sponsor shall be Tk50 lakh.