Community Bank Bangladesh Limited

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Community Bank Bangladesh Limited
TypeScheduled
IndustryBanking
Founded2019; 4 years ago (2019)
HeadquartersDhaka, Bangladesh
Key people
Masihul Huq Chowdhury (Managing Director)
ProductsBanking services
Websitewww.communitybankbd.com

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] The board meetings of the bank is held at the headquarters of Bangladesh Police.[4] The Inspector General of Police, Chowdhury Abdullah Al-Mamun, is the chairman of the bank.[5]

History[edit]

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.[6] The Bank was officially listed on 4 November 2018.[7] Finance Minister of Bangladesh, Abul Maal Abdul Muhith, criticised Bangladesh Bank for approving Community Bank Bangladesh, Citizens Bank PLC, Bengal Commercial Bank Limited, and People's Bank Limited.[8] He expressed unhappiness as he believed the banks were approved on political considerations.[8]

Community Bank Bangladesh Limited started its operation on 11 September 2019, inaugurated by the Prime Minister of Bangladesh Sheikh Hasina.[9][10][11]

In November 2021, Masihul Huq Chowdhury was reappointed the managing director of Community Bank Bangladesh Limited.[12]

Board of directors[edit]

Name Position Profession Reference
Chowdhury Abdullah Al-Mamun Chairman Inspector General of Police [13]
S. M. Ruhul Amin Director Additional Inspector General [13]
Md. Mazharul Islam Director Additional Inspector General [13]
M. Khurshid Hossain Director Additional Inspector General [13]
Hasan Ul Haider Director Additional Inspector General [13]
Monirul Islam Director Additional Inspector General [13]
Md. Mahabubor Rahman Director Additional Inspector General [13]
Habibur Rahman Director Additional Inspector General [13]
Md. Aminul Islam Director Deputy Inspector General [13]
Md. Mahbubur Rahman Bhuiyan Director Deputy Inspector General [13]
Quazi Zia Uddin Director Deputy Inspector General [13]
Shoeb Reaz Alam Director Additional Deputy Inspector General [13]
Sufian Ahmed Director Superintendent of Police [13]
B. M. Forman Ali Director Inspector and president of Bangladesh Police Association [13]
Masud Khan Independent Director Chairman of Unilever Consumer Care Limited [13]
Kazi Masihur Rahman Independent Director Former managing director of Mercantile Bank Limited [13]
Abdullah Al Mahmud Independent Director Professor at University of Dhaka [13]
Masihul Huq Chowdhury Managing Director [13]

See also[edit]

References[edit]

  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. ^ "Community Bank Bangladesh holds 35th Board Meeting". The Business Standard. 2 November 2022. Retrieved 28 November 2022.
  5. ^ "Community Bank holds 34th Board Meeting". The Business Standard. 26 September 2022. Retrieved 28 November 2022.
  6. ^ Harmachi, Abdur Rahim. "Bangladesh Bank gives police nod for Community Bank, rejects three other banks". bdnews24.com. Retrieved 11 April 2019.
  7. ^ "Community Bank Bangladesh of police becomes 59th scheduled bank". New Age. Retrieved 11 April 2019.
  8. ^ a b Staff Correspondent (2 November 2018). "I am very unhappy". The Daily Star. Retrieved 28 November 2022.
  9. ^ Press Information Department (12 September 2019). "PM opens Community Bank Bangladesh". Dhaka Tribune.
  10. ^ "PM opens Community Bank". The Daily Star. 12 September 2019.
  11. ^ "Prime Minister inaugurates Community Bank Bangladesh Limited". Daily Sun. 11 September 2019.
  12. ^ Desk, Star Business (22 November 2021). "Masihul reappointed Community Bank MD". The Daily Star. Retrieved 28 November 2022. {{cite web}}: |first= has generic name (help)
  13. ^ a b c d e f g h i j k l m n o p q r "Board of Directors". Community Bank Bangladesh Limited. Retrieved 28 November 2022.