Trust Bank

Last updated
Trust Bank PLC.
Company type Private
Industry Banking
Founded1999;26 years ago (1999) in Dhaka, Bangladesh
HeadquartersShadhinota 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
Increase2.svg৳17.779 million (US$150,000) (2023) [1]
Total assets Increase2.svg৳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)
RatingLong Term: AA1 Short Term: ST-1 [2]
Website tblbd.com

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.

Contents

History

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

  1. 1 2 "Annual Report 2023" (PDF). Retrieved 22 April 2025.
  2. ↑ "Credit Rating" . Retrieved 22 April 2025.
  3. 1 2 3 4 5 "About Trust Bank PLC" . Retrieved 22 April 2025.
  4. ↑ "Board of Directors" . Retrieved 22 April 2025.
  5. 1 2 "Branch and Sub-Branch List" . Retrieved 22 April 2025.
  6. ↑ "ATM List" . Retrieved 22 April 2025.
  7. ↑ "Trust Bank bins charges". The Daily Star (Bangladesh) . 4 November 2008. Retrieved 28 November 2022.
  8. ↑ "Trust Bank okays 10pc bonus share". The Daily Star (Bangladesh) . 4 June 2008. Retrieved 28 November 2022.
  9. ↑ "Trust Bank opens merchant banking wing". The Daily Star (Bangladesh) . 23 January 2009. Retrieved 28 November 2022.
  10. ↑ "Trust Bank declares higher dividend despite profit fall". The Business Standard . 15 June 2021. Retrieved 28 November 2022.
  11. 1 2 3 "Bengal Commercial Bank, Trust Bank sign agreement". Dhaka Tribune . 18 September 2022. Retrieved 28 November 2022.
  12. 1 2 "TAP brings payment facilities at cantonment CSD". Dhaka Tribune . 26 July 2022. Retrieved 28 November 2022.
  13. ↑ "Tap brings add money and fund transfer facility". Dhaka Tribune . 18 September 2022. Retrieved 28 November 2022.


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.