Trust Bank
| File:Trust Bank logo.svg | |
| Company type | Private |
|---|---|
| Industry | Banking |
| Founded | 1999 in Dhaka, Bangladesh |
| Headquarters | Shadhinota Tower, Bir Srestha Shahid Jahangir Gate, Dhaka Cantonment, Dhaka , Bangladesh |
| Products | Banking services, ATM services, Consumer Banking, Corporate Banking, Investment Banking, Islamic Banking, Treasury Management, Internet Banking, Locker Services |
 ৳17.779 million (US$150,000) (2023)[1] | |
| Total assets | ৳453.829 million (US$3.7 million) (2023)[1] |
| Parent | Army Welfare Trust |
| Subsidiaries | Trust Bank Securities Limited (TBSL)
Trust Bank Investment Limited (TBIL) Trust Axiata Digital Limited (TADL) |
| Rating | Long Term: AA1 Short Term: ST-1[2] |
| Website | tblbd |
Trust Bank PLC. is a private commercial bank that was established in 1999 in Bangladesh. It is backed by Army Welfare Trust of Bangladesh Army.[3] General Waker-Uz-Zaman, the incumbent Chief of Army Staff of Bangladesh Army is its chairman.[4] It is one of the leading private commercial banks having a network of 119 branches,[5] 8 sub-branches[5] and 282 ATM booths[6] across Bangladesh.
History
[edit | edit source]In 1999, the Bangladesh Army Welfare Trust established Trust Bank Limited.[3]
In 2001, the bank introduced automated branch banking system. In 2005, the bank introduced ATM services for its customers.[3]
In January 2007, Trust Bank launched online banking services.[3] Customers can now deposit or withdraw money from any branch of Trust Bank nationwide without needing to open multiple accounts in multiple branches.[3]
In November 2008, Trust Bank denied allegations by Mahmudur Rahman that its former chairman, Hasan Mashhud Chowdhury, was involved with laundering money from the bank in 2002.[7] Trust Bank announced 10 per cent dividends in 2008 at the 9th annual general meeting of the bank.[8]
The Bank opened a merchant banking wing in 2009.[9]
In 2020, the consolidated net profit for the bank was 650 million taka.[10]
On 2 August 2022, Trust Bank held its the 23rd Annual General Meeting online chaired by the vice-chairman of the bank, Major General Md Moshfequr Rahman.[11] The meeting approved a 22.5 dividend for the year.[11] The bank signed an agreement with Bengal Commercial Bank Limited to facilitate money transfer through Ria Money Transfer.[11] Trust Axiata Pay, also known as TAP, is a money transfer service owned by Trust Bank Limited.[12][13] TAP has an agreement with Canteen Stores Department for processing payments.[12]
References
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External links
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