Community Bank Bangladesh

Last updated

Community Bank Bangladesh PLC.
Company type Public limited company
Industry Banking
Founded2019;5 years ago (2019)
Headquarters Dhaka, Bangladesh
Key people
IGP Chowdhury Abdullah Al-Mamun (Chairman)
Masihul Huq Chowdhury (Managing Director & CEO)
ProductsBanking services
Website communitybankbd.com

Community Bank Bangladesh PLC. is one of the newly approved Scheduled Banks of Bangladesh. [1] This bank is fully owned by Bangladesh Police Welfare Trust. [2] Masihul Huq Chowdhury is the CEO and Managing Director of the Bank. [3] The board meetings of the bank is held at the headquarters of Bangladesh Police. [4] The Inspector General of Police, Chowdhury Abdullah Al-Mamun, is the chairman of the bank. [5]

Contents

History

On 23 May 2018, Bangladesh Police Welfare Trust applied for a license from Bangladesh Bank to open a bank named Community Bank Bangladesh Limited. The trust is owned by Bangladesh Police. Bangladesh Bank approved the license application of the Bank in October 2018. [6] The Bank was officially listed on 4 November 2018. [7] Finance Minister of Bangladesh, Abul Maal Abdul Muhith, criticised Bangladesh Bank for approving Community Bank Bangladesh, Citizens Bank PLC, Bengal Commercial Bank Limited, and People's Bank Limited. [8] He expressed unhappiness as he believed the banks were approved on political considerations. [8]

Community Bank Bangladesh Limited started its operation on 11 September 2019, inaugurated by the Prime Minister of Bangladesh Sheikh Hasina. [9] [10] [11]

In November 2021, Masihul Huq Chowdhury was reappointed the managing director of Community Bank Bangladesh Limited. [12]

Board of directors

NamePositionProfessionReference
Chowdhury Abdullah Al-Mamun Chairman Inspector General of Police [13]
S. M. Ruhul AminDirectorAdditional Inspector General [13]
Md. Mazharul IslamDirectorAdditional Inspector General [13]
M. Khurshid Hossain DirectorAdditional Inspector General [13]
Hasan Ul HaiderDirectorAdditional Inspector General [13]
Monirul Islam DirectorAdditional Inspector General [13]
Md. Mahabubor RahmanDirectorAdditional Inspector General [13]
Habibur Rahman DirectorAdditional Inspector General [13]
Md. Aminul IslamDirectorDeputy Inspector General [13]
Md. Mahbubur Rahman BhuiyanDirectorDeputy Inspector General [13]
Quazi Zia UddinDirectorDeputy Inspector General [13]
Shoeb Reaz AlamDirectorAdditional Deputy Inspector General [13]
Sufian AhmedDirectorSuperintendent of Police [13]
B. M. Forman AliDirectorInspector and president of Bangladesh Police Association [13]
Masud KhanIndependent DirectorChairman of Unilever Consumer Care Limited [13]
Kazi Masihur RahmanIndependent DirectorFormer managing director of Mercantile Bank Limited [13]
Abdullah Al MahmudIndependent DirectorProfessor at University of Dhaka [13]
Masihul Huq ChowdhuryManaging Director [13]

See also

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References

  1. ↑ "BB approves Community Bank". The Daily Star. 30 October 2018. Retrieved 1 November 2018.
  2. ↑ "Central bank approves Community Bank Bangladesh Ltd". banglanews24.com. 29 October 2018. Archived from the original on 11 April 2019. Retrieved 11 April 2019.
  3. ↑ "'Our aim is to provide credit small and medium sized enterprises and encourage entrepreneurship'". Dhaka Tribune. 6 February 2019. Retrieved 11 April 2019.
  4. ↑ "Community Bank Bangladesh holds 35th Board Meeting". The Business Standard. 2 November 2022. Retrieved 28 November 2022.
  5. ↑ "Community Bank holds 34th Board Meeting". The Business Standard. 26 September 2022. Retrieved 28 November 2022.
  6. ↑ Harmachi, Abdur Rahim. "Bangladesh Bank gives police nod for Community Bank, rejects three other banks". bdnews24.com. Retrieved 11 April 2019.
  7. ↑ "Community Bank Bangladesh of police becomes 59th scheduled bank". New Age. Retrieved 11 April 2019.
  8. 1 2 "I am very unhappy". The Daily Star. 2 November 2018. Retrieved 28 November 2022.
  9. ↑ Press Information Department (12 September 2019). "PM opens Community Bank Bangladesh". Dhaka Tribune.
  10. ↑ "PM opens Community Bank". The Daily Star. 12 September 2019.
  11. ↑ "Prime Minister inaugurates Community Bank Bangladesh Limited". Daily Sun. 11 September 2019.
  12. ↑ "Masihul reappointed Community Bank MD". The Daily Star. 22 November 2021. Retrieved 28 November 2022.
  13. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 "Board of Directors". Community Bank Bangladesh Limited. Retrieved 28 November 2022.


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