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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.[3][4] It is one of the leading private commercial banks having a network of 114 branches, 7 SME Service Centers, 244 ATM Booths and 140 POS in 114 Branches across Bangladesh.
 | |
| Company type | Public |
|---|---|
| DSE: TRUSTBANK CSE: TRUSTBANK | |
| Industry | Banking |
| Founded | 1999 in Dhaka, Bangladesh |
| Headquarters | Shadhinota Tower, Bir Srestha Shahid Jahangir Gate, Dhaka Cantonment, Dhaka , Bangladesh |
Number of locations | 114 |
Key people |
|
| Products | Banking services, ATM services, Consumer Banking Corporate Banking Investment Banking, Islamic Banking, Treasury Management, Internet Banking, Locker Services |
 ৳11.729 billion (US$98 million) (2020) | |
| Total assets | ৳354.778 billion (US$3.0 billion) (2020) |
| Parent | Army Welfare Trust |
| Subsidiaries | Trust Bank Securities Limited
Trust Bank Investment Limited Trust Axiata Digital Limited |
| Rating | Long Term: AA2 Short Term: ST-1 |
| Website | www |
In 1999, the Bangladesh Army Welfare Trust established Trust bank limited.[5]
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.[2] Customers can now deposit or withdraw money from any branch of Trust Bank nationwide without needing to open multiple accounts in multiple branches.[2] In November 2008, Trust Bank denied allegations by Mahmudur Rahman that its former chairman, Hasan Mashhud Chowdhury, was involved with laundering money from the bank in 2002.[6] 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 bank, Major General Md Moshfequr Rahman.[10] The meeting approved a 22.5 dividend for the year.[10] The bank signed an agreement with Bengal Commercial Bank Limited to facilitate money transfer through Ria Money Transfer.[10] Trust Axiata Pay, also known as TAP, is a money transfer service owned by Trust Bank Limited.[11][12] TAP has an agreement with Canteen Stores Department for processing payment.[11]
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