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] 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]

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.[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
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

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. "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. "I am very unhappy". The Daily Star. 2 November 2018. 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. "Masihul reappointed Community Bank MD". The Daily Star. 22 November 2021. Retrieved 28 November 2022.
  13. "Board of Directors". Community Bank Bangladesh Limited. Retrieved 28 November 2022.


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