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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.
Mutual Trust Bank Limited was established on 29 September 1999. [4] Syed Manzur Elahi was the founding chairman of the Bank. [5] Harris Chowdhury, former political secretary to Prime Minister Khaleda Zia, was a shareholder of the bank.
The Bangladesh Army Welfare Trust was established in June 1998. [3] In 1999, the trust established Trust Bank Limited. [4] The BBC estimated the commercial enterprise of the Bangladesh Army to be over 30 billion taka. [5] The trust was founded to look after the interests and welfare of retired military personnel.
IBBL is a joint venture of the government of Bangladesh, 22 businessmen of Bangladesh, Islamic Development Bank, and investment firms and banks from Muslim Middle Eastern countries. [12] 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]
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 ...
Bangladesh has eight Islamic banks, while several non-Islamic banks offer Islamic-banking services alongside their normal operations. [12] As of 2017, Islamic banking, led by Islami Bank Bangladesh Ltd, controls 20% of deposits in Bangladesh. [12] Bangladesh operates the world's biggest Islamic microfinance scheme. [12]
A trust company can be named as an executor or personal representative in a last will and testament.The responsibilities of an executor in settling the estate of a deceased person include collecting debts, settling claims for debt and taxes, accounting for assets to the courts and distributing wealth to beneficiaries.
South Bangla Agriculture and Commerce Bank Limited started on 28 April 2013 obtaining license from Bangladesh Bank as a fourth generation private bank. [7] [8] It was founded by SM Amjad Hossain owner of Lockpur Fisheries. [8] Abdul Mannan Chowdhury and Qazi Abdul Majid were the other major shareholders of the bank. [9]