Trust Bank PLC. is a private commercial bank established in 1999 in

Bangladesh Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world and among the List of countries and dependencies by ...

. It is backed by

Army Welfare Trust Army Welfare Trust (AWT), also known as Askari Group, is a Pakistani conglomerate based in Rawalpindi. The Army Welfare Trust, along with Fauji Foundation, are run by ex-military personnel of the Pakistan Army. The companies provide employment ...

Bangladesh Army The Bangladesh Army () is the land warfare branch, and the largest component of the Bangladesh Armed Forces. The primary mission of the Army is to defend the land of Bangladesh from any external attack. Control of personnel and operations is ad ...

. General

Waker-Uz-Zaman Waker-Uz-Zaman (born 16 September 1966) is a four-star general of the Bangladesh Army who is the incumbent Chief of Army Staff. Earlier, he was the Chief of General Staff at Army Headquarters and the 15th Principal Staff Officer of Armed For ...

, the incumbent

Chief of Army Staff Chief may refer to: Title or rank Military and law enforcement * Chief master sergeant, the ninth, and highest, enlisted rank in the U.S. Air Force and U.S. Space Force * Chief of police, the head of a police department * Chief of the boat ...

of Bangladesh Army is it's chairman. It is one of the leading private commercial banks having a network of 119 branches, 8 sub-branches and 282 ATM booths 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 Mahmudur Rahman (; born 6 July 1953), is the owner and editor of the Bengali daily Amar Desh in Bangladesh also an author, engineer and businessman. A strong critic of the Awami League government since 2008, he has faced over 50 defamation and ...

that its former chairman,

Hasan Mashhud Chowdhury Hasan Mashhud Chowdhury United States Army War College, awc, psc (military), psc (; born 9 September 1948) is a retired Bangladesh Army general who was 11th Chief of Army Staff of the Bangladesh Army from 16 June 2002 to 15 June 2005. He was the ...

, 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 Mohammed Moshfequr Rahman is a retired two star officer of Bangladesh Army who served as the Adjutant General at Army Headquarter. Prior to join AG Branch, He was Vice Chancellor of Bangladesh University of Professional. He was the Vice Chairman ...

. The meeting approved a 22.5 dividend for the year. The bank signed an agreement with

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 ...

to facilitate money transfer through

Ria Money Transfer Ria Money Transfer is a subsidiary of Euronet Worldwide, Inc., which specializes in money remittances. Ria initiates transfers through a network of agents and company-owned stores located throughout North America, South America, Europe, Asia-Pa ...

. 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

External links

Official website

Internet Banking Service

Official Facebook Page
Banks of Bangladesh Banks established in 1999 Banks of Bangladesh with Islamic banking services 1999 establishments in Bangladesh {{Bangladesh-stub