 | |
| Company type | Public |
|---|---|
| Traded as | DSE: TRUSTBANK CSE: TRUSTBANK |
| Industry | Banking |
| Founded | 1999; 26 years ago (1999) in Dhaka, Bangladesh |
| Headquarters | Shadhinota 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 |
| Operating income |  ৳11.729 billion (US$98 million) (2020) |
| Total assets | ৳354.778 billion (US$3.0 billion) (2020) |
| Parent | Army Welfare Trust |
| Subsidiaries | Trust Bank Securities Limited
Trust Bank Investment Limited Trust Axiata Digital Limited |
| Rating | Long Term: AA2 Short Term: ST-1 |
| Website | www |
Trust Bank Limited is a private commercial bank established in 1999 in Bangladesh. It is backed by Army Welfare Trust of Bangladesh Army. General Waker-uz-Zaman the chief of Bangladesh army is its chairman. 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.
History
In 1999, the Bangladesh Army Welfare Trust established Trust bank limited.
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. Customers can now deposit or withdraw money from any branch of Trust Bank nationwide without needing to open multiple accounts in multiple branches. 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. Trust Bank announced 10 per cent dividends in 2008 at the 9th annual general meeting of the bank.
The Bank opened a merchant banking wing in 2009.
In 2020, the consolidated net profit for the bank was 650 million taka.
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. The meeting approved a 22.5 dividend for the year. The bank signed an agreement with Bengal Commercial Bank Limited to facilitate money transfer through Ria Money Transfer. Trust Axiata Pay, also known as TAP, is a money transfer service owned by Trust Bank Limited. TAP has an agreement with Canteen Stores Department for processing payment.
References
- "Board of Directors". Trust Bank Limited. Retrieved 3 February 2016.
- ^ "About TBL". trustbank.com.bd. Retrieved 2 February 2016.
- "Board of Directors". www.tblbd.com. Retrieved 3 February 2016.
- "About TBL". Trust Bank Limited. Retrieved 2 February 2016.
- "BGB plans to enter into banking business". New Age. 25 February 2015. Retrieved 17 September 2016.
- "Trust Bank bins charges". The Daily Star. 2008-11-04. Retrieved 2022-11-28.
- "Trust Bank okays 10pc bonus share". The Daily Star. 2008-06-04. Retrieved 2022-11-28.
- "Trust Bank opens merchant banking wing". The Daily Star. 2009-01-23. Retrieved 2022-11-28.
- "Trust Bank declares higher dividend despite profit fall". The Business Standard. 2021-06-15. Retrieved 2022-11-28.
- ^ "Bengal Commercial Bank, Trust Bank sign agreement". Dhaka Tribune. 2022-09-18. Retrieved 2022-11-28.
- ^ "TAP brings payment facilities at cantonment CSD". Dhaka Tribune. 2022-07-26. Retrieved 2022-11-28.
- "Tap brings add money and fund transfer facility". Dhaka Tribune. 2022-09-18. Retrieved 2022-11-28.
External links
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