Trust Bank Limited (Bangladesh)

Last updated
Trust Bank Limited
Type Public
DSE:  TRUSTBANK
Industry Banking
Founded1999;24 years ago (1999) in Dhaka, Bangladesh
HeadquartersShadhinota Tower, Bir Srestha Shahid Jahangir Gate, Dhaka Cantonment,
Dhaka
,
Bangladesh
Number of locations
114
Key people
Products Banking services, ATM services, Consumer Banking
Corporate Banking
Investment Banking, Islamic Banking, Treasury Management, Internet Banking, Locker Services
Increase2.svg৳11.729 billion (US$110 million) (2020)
Total assets Increase2.svg৳354.778 billion (US$3.3 billion) (2020)
Parent Army Welfare Trust
Subsidiaries Trust Bank Securities Limited

Trust Bank Investment Limited

Trust Axiata Digital Limited
RatingLong Term: AA2 Short Term: ST-1
Website www.tblbd.com

Trust Bank Limited is a private commercial bank established in 1999 in Bangladesh. It is backed by Army Welfare Trust of Bangladesh Army. [2] General SM Shafiuddin Ahmed the chief of Bangladesh army is its chairman. [3] [4] It is one of the leading private commercial banks having a network of 114 branches, 7 SME Service Centers, 244 ATM Booths and 140 POS in 114 Branches across Bangladesh.

Contents

History

In 1999, the Bangladesh Army Welfare Trust established Trust bank limited. [5]

In 2001, the bank introduced automated branch banking system. In 2005, the bank introduced ATM services for its customers.

In January 2007, Trust Bank launched online banking services. [2] Customers can now deposit or withdraw money from any branch of Trust Bank nationwide without needing to open multiple accounts in multiple branches. [2] 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. [6] Trust Bank announced 10 per cent dividends in 2008 at the 9th annual general meeting of the bank. [7]

The Bank opened a merchant banking wing in 2009. [8]

In 2020, the consolidated net profit for the bank was 650 million taka. [9]

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. [10] The meeting approved a 22.5 dividend for the year. [10] The bank signed an agreement with Bengal Commercial Bank Limited to facilitate money transfer through Ria Money Transfer. [10] Trust Axiata Pay, also known as TAP, is a money transfer service owned by Trust Bank Limited. [11] [12] TAP has an agreement with Canteen Stores Department for processing payment. [11]

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References

  1. ↑ "Board of Directors". Trust Bank Limited. Retrieved 3 February 2016.
  2. 1 2 3 "About TBL". trustbank.com.bd. Retrieved 2 February 2016.
  3. ↑ "Board of Directors". trustbank.com.bd. Retrieved 3 February 2016.
  4. ↑ "About TBL". Trust Bank Limited. Retrieved 2 February 2016.
  5. ↑ "BGB plans to enter into banking business". New Age. 25 February 2015. Retrieved 17 September 2016.
  6. ↑ "Trust Bank bins charges". The Daily Star. 2008-11-04. Retrieved 2022-11-28.
  7. ↑ "Trust Bank okays 10pc bonus share". The Daily Star. 2008-06-04. Retrieved 2022-11-28.
  8. ↑ "Trust Bank opens merchant banking wing". The Daily Star. 2009-01-23. Retrieved 2022-11-28.
  9. ↑ "Trust Bank declares higher dividend despite profit fall". The Business Standard. 2021-06-15. Retrieved 2022-11-28.
  10. 1 2 3 "Bengal Commercial Bank, Trust Bank sign agreement". Dhaka Tribune. 2022-09-18. Retrieved 2022-11-28.
  11. 1 2 "TAP brings payment facilities at cantonment CSD". Dhaka Tribune. 2022-07-26. Retrieved 2022-11-28.
  12. ↑ "Tap brings add money and fund transfer facility". Dhaka Tribune. 2022-09-18. Retrieved 2022-11-28.


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