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Trust Bank Limited is a private commercial bank established in 1999 in Bangladesh. It is backed by Army Welfare Trust of Bangladesh Army . [ 2 ] General Waker-uz-Zaman , the chief of Bangladesh army is its chairman.
Mutual Trust Bank PLC (Bengali: মিউচুয়াল ট্রাস্ট ব্যাংক পিএলসি) is a private commercial bank headquartered in Dhaka, Bangladesh. Md Abdul Malek, chairman of Sheltech Consultants (Pvt) Ltd, is the chairman of Mutual Trust Bank PLC.
The trust has provided 2.7 billion taka of support to teachers. [3] On 8 November 2018, Prime Minister Sheikh Hasina granted 100 million taka to the trust. [6] In December 2018, before the 11th national elections in Bangladesh there were rumours that the government had paid teachers, who act as polling agents, through a check to the trust.
On 5 June 2024, the Bangladesh High Court issued a verdict that canceled the government notification, declaring it illegal, thus restoring the quota in Bangladesh Civil Service recruitment. [10] A descendant of a freedom fighter and six others appealed the verdict in 2021 to challenge the government order canceling the quota system. [ 11 ]
The Bangladesh Army Welfare Trust was established in June 1998. [3] In 1999, the trust established Trust Bank Limited. [4] The BBC estimated the commercial enterprise of the Bangladesh Army to be over 30 billion taka. [5] The trust was founded to look after the interests and welfare of retired military personnel.
According to a report on 4 October 2020 by the Daily Sun, 42, 433 applications from teachers for their pensions are pending with the Non-Government Employee Retirement Benefits Board and the Non-government Teachers and Employees Welfare Trust. Sharif Ahamed Sadi, Member Secretary of Non-Government Employee Retirement Benefits Board, said that ...
Offshore Banking Operation (OBO) was first introduced by Bangladesh Bank in 1985 through a circular for allowing active foreign financing at Export Processing Zones (EPZs). Banks operated the services with Bangladesh Bank approval without any separate law for an offshore banking system until the enactment of the Offshore Banking Act, 2024.
A trust company is a corporation that acts as a fiduciary, trustee or agent of trusts and agencies. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trustee of various kinds of trusts.