Community Bank Bangladesh
From Wikipedia, the free encyclopedia
Community Bank Bangladesh PLC. was established in November, 2019 as the 59th Scheduled Bank of Bangladesh.[1][2] This bank is fully owned by Bangladesh Police Welfare Trust.[3] Initially, the paidup capital was 400 crore taka with 2,00,000 police personnel as client.[4]
 | |
| Type | Public limited company |
|---|---|
| Industry | Banking |
| Founded | November 2019 in Dhaka, Bangladesh |
| Headquarters | Dhaka, Bangladesh |
| Key people |
|
| Products | |
| Website | communitybankbd.com |
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.[5] 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]
See also
- 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
