Community Bank Bangladesh PLC. is one of the newly approved Scheduled Banks of Bangladesh. This bank is fully owned by

Bangladesh Police Welfare Trust Bangladesh Police Welfare Trust (Bangladesh Police Kallyan Trust) is a trust owned and operated by Bangladesh Police for the welfare of police personnel. History Bangladesh Police Welfare Trust (Bangladesh Police Kallyan Trust) is a concern of Ban ...

. Masihul Huq Chowdhury is the CEO and Managing Director of the Bank. The board meetings of the bank is held at the headquarters of Bangladesh Police. The Inspector General of Police, Chowdhury Abdullah Al-Mamun, is the chairman of the bank.

History

On 23 May 2018, Bangladesh Police Welfare Trust applied for a license from

Bangladesh Bank Bangladesh Bank (BB; ) is the central bank of Bangladesh and is a member of the Asian Clearing Union. It is fully owned by the Bangladesh, Government of Bangladesh. The bank is active in developing green banking. and financial inclusion poli ...

to open a bank named Community Bank Bangladesh Limited. The trust is owned by

Bangladesh Police The Bangladesh Police () is the national law enforcement agency of Bangladesh, operating under the Ministry of Home Affairs (Bangladesh), Ministry of Home Affairs. It plays a crucial role in maintaining peace, and enforcement of law and order with ...

. Bangladesh Bank approved the license application of the Bank in October 2018. The Bank was officially listed on 4 November 2018. Finance Minister of Bangladesh, Abul Maal Abdul Muhith, criticised Bangladesh Bank for approving Community Bank Bangladesh, Citizens Bank PLC,

Bengal Commercial Bank Limited The bank sector in Bangladesh consists of several types of institutions. Bangladesh Bank is the central bank of Bangladesh and the chief regulatory authority in the banking sector. According to the Bangladesh Bank Order, 1972 the Government of Ban ...

, and People's Bank Limited. He expressed unhappiness as he believed the banks were approved on political considerations. Community Bank Bangladesh Limited started its operation on 11 September 2019, inaugurated by the Prime Minister of Bangladesh

Sheikh Hasina Sheikh Hasina (''née'' Wazed; born 28 September 1947) is a Bangladeshi politician who served as the tenth prime minister of Bangladesh from June 1996 to July 2001 and again from January 2009 to August 2024. Premiership of Sheikh Hasina, Her ...

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

Board of directors

References

Banks established in 2018 Banks of Bangladesh Bangladeshi companies established in 2018 {{Bangladesh-stub

History

Board of directors

See also

References