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Trust Bank announced 10 per cent dividends in 2008 at the 9th annual general meeting of the bank. [7] The Bank opened a merchant banking wing in 2009. [8] In 2020, the consolidated net profit for the bank was 650 million taka. [9] On 2 August 2022, Trust Bank held its the 23rd Annual General Meeting online chaired by the vice-chairman of the ...
In 2015, the bank became one of two local partners of Life Insurance Corporation of India in Bangladesh. [10] The Daily Star 15th Bangladesh Business Awards described the bank as "one of the best-run banks in Bangladesh". [11] Anis A Khan was re-appointed managing director of Mutual Trust Bank Limited in 2015 for a four year term. [8]
The bank currently provides a diverse range of services, categorized as follows: 1. Commercial Banking 2. Foreign Trade The bank offers comprehensive foreign trade financing solutions, including: - Export Cash Credit - Packing Credit - Purchase of Documentary Bills (Local and Foreign) - Payment Against Bills - Import Trade Loans - Loans Against Trust Receipts - Foreign Exchange Business ...
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 Bangladesh reorganized the Dhaka Branch of the State Bank of Pakistan as the central bank of the country and named it Bangladesh Bank with retrospective effect from 16 ...
Al-Arafah Islami Bank PLC. is a shariah compliant bank in Bangladesh founded on 27 September 1995. A shariah council of the bank is responsible for ensuring the bank activities meet shariah requirements. The headquarters are located in Motijheel, Dhaka. [5] [6]
According to The Economist, "Islami Bank was a pioneer in financing Bangladesh's rise as the apparel industry's main production base outside China." [7] In 2012, United States Senate Permanent Subcommittee on Investigations mentioned possible ties of Islami Bank Bangladesh Limited to terrorism financing through HSBC Bank which the bank denied.
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.
The Premier Bank PLC. is a private commercial bank with its registered office in Banani, Dhaka, Bangladesh. [ 7 ] [ 8 ] H. B. M. Iqbal is the Chairman [ 9 ] Mohammad Abu Jafar has taken up the role of managing director and CEO of Premier Bank with effect from 24 April 2024.