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Trust Bank
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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]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
[edit]- ^ a b "Annual Report 2023" (PDF). Retrieved 22 April 2025.
- ^ "Credit Rating". Retrieved 22 April 2025.
- ^ a b c d e "About Trust Bank PLC". Retrieved 22 April 2025.
- ^ "Board of Directors". Retrieved 22 April 2025.
- ^ a b "Branch and Sub-Branch List". Retrieved 22 April 2025.
- ^ "ATM List". Retrieved 22 April 2025.
- ^ "Trust Bank bins charges". The Daily Star (Bangladesh). 4 November 2008. Retrieved 28 November 2022.
- ^ "Trust Bank okays 10pc bonus share". The Daily Star (Bangladesh). 4 June 2008. Retrieved 28 November 2022.
- ^ "Trust Bank opens merchant banking wing". The Daily Star (Bangladesh). 23 January 2009. Retrieved 28 November 2022.
- ^ "Trust Bank declares higher dividend despite profit fall". The Business Standard. 15 June 2021. Retrieved 28 November 2022.
- ^ a b c "Bengal Commercial Bank, Trust Bank sign agreement". Dhaka Tribune. 18 September 2022. Retrieved 28 November 2022.
- ^ a b "TAP brings payment facilities at cantonment CSD". Dhaka Tribune. 26 July 2022. Retrieved 28 November 2022.
- ^ "Tap brings add money and fund transfer facility". Dhaka Tribune. 18 September 2022. Retrieved 28 November 2022.
External links
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