Community Bank Bangladesh Limited

Community Bank Bangladesh Limited is one of the newly approved Scheduled Banks of Bangladesh.[1] This bank is fully owned by Bangladesh Police Welfare Trust.[2] Masihul Huq Chowdhury is the CEO and Managing Director of the Bank.[3]

Community Bank Bangladesh Limited
TypeScheduled
IndustryBanking
Founded2019 (2019)
HeadquartersDhaka, Bangladesh
Key people
Masihul Huq Chowdhury (Managing Director)
ProductsBanking services
Websitewww.communitybankbd.com

History

On 23 May 2018, Bangladesh Police Welfare Trust applied for a license from Bangladesh Bank to open a bank named Community Bank Bangladesh Limited. The trust is owned by Bangladesh Police. Bangladesh Bank approved the license application of the Bank in October 2018.[4] The Bank was officially listed on 4 November 2018.[5]

Community Bank Bangladesh Limited started its operation on 11 September 2019, inaugurated by the Prime Minister of Bangladesh Sheikh Hasina.[6][7][8]

References
  1. "BB approves Community Bank". The Daily Star. 30 October 2018. Retrieved 1 November 2018.
  2. "Central bank approves Community Bank Bangladesh Ltd". banglanews24.com. 29 October 2018. Retrieved 11 April 2019.
  3. "'Our aim is to provide credit small and medium sized enterprises and encourage entrepreneurship'". Dhaka Tribune. 6 February 2019. Retrieved 11 April 2019.
  4. Harmachi, Abdur Rahim. "Bangladesh Bank gives police nod for Community Bank, rejects three other banks". bdnews24.com. Retrieved 11 April 2019.
  5. "Community Bank Bangladesh of police becomes 59th scheduled bank". New Age. Retrieved 11 April 2019.
  6. Press Information Department (12 September 2019). "PM opens Community Bank Bangladesh". Dhaka Tribune.
  7. "PM opens Community Bank". The Daily Star. 12 September 2019.
  8. "Prime Minister inaugurates Community Bank Bangladesh Limited". Daily Sun. 11 September 2019.


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