Shimanto Bank PLC. is a schedule commercial bank in Bangladesh and related to the

Border Guards Bangladesh Border Guard Bangladesh (abbr. BGB; ) is a paramilitary force responsible for the border security of Bangladesh. The BGB is entrusted with the responsibility to defend the border of Bangladesh with India and Myanmar. It was formerly known as t ...

. As the slogan goes "Shimanhin Astha", Shimanto Bank Limited aims to be the leading financial institution to serve with utmost trust. Rafiqul Islam is the chief executive officer and managing director of the bank. Major General Mohammad Ashrafuzzaman Siddiqui, director general of

, is the chairman of the bank.

History

The bank was established on 21 July 2016 through an act of parliament and planned by Prime Minister

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 ...

. Maj General Aziz Ahmed was the founder chairman, Brigadier General Taufiqul Hasan Siddiquee was the project director, and Moklesur Rahman appointed as the first managing director and CEO of the bank. The bank was designed to provided financial services to the marginalized population of the country as well as active and retired personals of

. On 1 August 2016, Muklesur Rahman was appointed the Chief Executive Officer and managing director of the Bank. Prime Minister Sheikh Hasina inaugurates Shimanto Bank formally on 1 September 2016. Founder chairman inaugurated the principal branch on 10 October 2016. The director general of the Border Guards is the ex-officio chairman of the bank. Major General Aziz Ahmed was the first chairman of the Bank and he was replaced by Major General

Abul Hossain Abul Hossain, ndc, psc, is a retired lieutenant general of Bangladesh Army. He served as the Director General of Border Guards Bangladesh (BGB). Before that, he served as military secretary to President Md Abdul Hamid and as Engineer-in-Chi ...

on 2 November 2016. In 2020, Shimanto Bank had 12.09 billion taka in deposits. In August 2021, Bangladesh Bank issued a show cause notice to Shimanto Bank PLC and nine other banks for having a low interest rate on their deposits. As of October 2024, Shimanto Bank PLC has 25 branches, 7 sub-branches and 28 ATM booths. In August 2022, Rafiqul Islam was appointed the chief executive officer and managing director of the bank

Bangladesh Securities and Exchange Commission The Bangladesh Securities and Exchange Commission (BSEC) is the regulator of the capital market of Bangladesh, comprising Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The commission is a statutory body and attached to the Mini ...

has asked Shimanto Bank to make preparations for an initial public offering.

Board of directors

References

Banks of Bangladesh Banks established in 2016 2016 establishments in Bangladesh {{Bangladesh-stub

History

Board of directors

See also

References