Community Bank Bangladesh

Community Bank Bangladesh PLC.

Company type	Public limited company
Industry	Banking
Founded	2019;6 years ago (2019)
Headquarters	Dhaka, Bangladesh
Key people	IGP Baharul Alam (Chairman) Masihul Huq Chowdhury (Managing Director & CEO)
Products	Banking 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]

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. ^[6] The trust is owned by Bangladesh Police. Bangladesh Bank approved the license application of the Bank in October 2018. ^[7] The Bank was officially listed on 4 November 2018. ^[8] 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. ^[9] He expressed unhappiness as he believed the banks were approved on political considerations. ^[9]

Community Bank Bangladesh Limited started its operation on 11 September 2019, inaugurated by the Prime Minister of Bangladesh Sheikh Hasina. ^{[10] [11] [12]}

In November 2021, Masihul Huq Chowdhury was reappointed the managing director of Community Bank Bangladesh Limited. ^[13]

Board of directors

Name	Position	Profession	Reference
Chowdhury Abdullah Al-Mamun	Chairman	Inspector General of Police	[14]
S. M. Ruhul Amin	Director	Additional Inspector General	[14]
Md. Mazharul Islam	Director	Additional Inspector General	[14]
M. Khurshid Hossain	Director	Additional Inspector General	[14]
Hasan Ul Haider	Director	Additional Inspector General	[14]
Monirul Islam	Director	Additional Inspector General	[14]
Md. Mahabubor Rahman	Director	Additional Inspector General	[14]
Habibur Rahman	Director	Additional Inspector General	[14]
Md. Aminul Islam	Director	Deputy Inspector General	[14]
Md. Mahbubur Rahman Bhuiyan	Director	Deputy Inspector General	[14]
Quazi Zia Uddin	Director	Deputy Inspector General	[14]
Shoeb Reaz Alam	Director	Additional Deputy Inspector General	[14]
Sufian Ahmed	Director	Superintendent of Police	[14]
B. M. Forman Ali	Director	Inspector and president of Bangladesh Police Association	[14]
Masud Khan	Independent Director	Chairman of Unilever Consumer Care Limited	[14]
Kazi Masihur Rahman	Independent Director	Former managing director of Mercantile Bank Limited	[14]
Abdullah Al Mahmud	Independent Director	Professor at University of Dhaka	[14]
Masihul Huq Chowdhury	Managing Director		[14]

See also

• Banks portal

• Shimanto Bank Limited, managed by Border Guards Bangladesh
• Trust Bank Limited, managed by Bangladesh Army
• Ansar-VDP Unnayan Bank, managed by Bangladesh Ansar and the Village Defence Party

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. "Three new banks on the horizon". The Daily Star. 29 May 2018. Retrieved 2 March 2025.
7. Harmachi, Abdur Rahim. "Bangladesh Bank gives police nod for Community Bank, rejects three other banks". bdnews24.com. Retrieved 11 April 2019.
8. "Community Bank Bangladesh of police becomes 59th scheduled bank". New Age. Retrieved 11 April 2019.
9. "I am very unhappy". The Daily Star. 2 November 2018. Retrieved 28 November 2022.
10. Press Information Department (12 September 2019). "PM opens Community Bank Bangladesh". Dhaka Tribune.
11. "PM opens Community Bank". The Daily Star. 12 September 2019.
12. "Prime Minister inaugurates Community Bank Bangladesh Limited". Daily Sun. 11 September 2019.
13. "Masihul reappointed Community Bank MD". The Daily Star. 22 November 2021. Retrieved 28 November 2022.
14. "Board of Directors". Community Bank Bangladesh Limited. Retrieved 28 November 2022.